menu






Real Estate Prices & Overview

Jackson Ward / Biotech and MCV District median real estate price is $431,554, which is more expensive than 52.5% of the neighborhoods in Virginia and 58.4% of the neighborhoods in the U.S.

The average rental price in Jackson Ward / Biotech and MCV District is currently $1,906, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 63.4% of Virginia neighborhoods.

Jackson Ward / Biotech and MCV District is a suburban neighborhood (based on population density) located in Richmond, Virginia.

Jackson Ward / Biotech and MCV District real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Jackson Ward / Biotech and MCV District neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 2000 and the present.

Home and apartment vacancy rates are 6.2% in Jackson Ward / Biotech and MCV District. NeighborhoodScout analysis shows that this rate is lower than 58.4% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Richmond, the Jackson Ward / Biotech and MCV District neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Of note is NeighborhoodScout's research finding that the Jackson Ward / Biotech and MCV District neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Jackson Ward / Biotech and MCV District community truly stands out from the rest in this regard.

In addition, an extraordinary 20.6% of the residents of the Jackson Ward / Biotech and MCV District neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.

Also, there is an especially high percentage of incarcerated people (0.8%) living in the Jackson Ward / Biotech and MCV District neighborhood.

Finally, the Jackson Ward / Biotech and MCV District neighborhood stands out within Virginia for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 9.7% of college-friendly places to live in VA.

Modes of Transportation

If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 4.1% of residents in the Jackson Ward / Biotech and MCV District neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 97.3% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Real Estate

Do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Jackson Ward / Biotech and MCV District neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 56.0% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 95.5% of the neighborhoods in the United States.

Diversity

Did you know that the Jackson Ward / Biotech and MCV District neighborhood has more British and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.9% of this neighborhood's residents have British ancestry and 12.3% have Sub-Saharan African ancestry.

Jackson Ward / Biotech and MCV District is also pretty special linguistically. Significantly, 1.1% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 96.6% of the neighborhoods in America.

Migration / Stability

Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the Jackson Ward / Biotech and MCV District neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 96.4% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Jackson Ward / Biotech and MCV District neighborhood in Richmond are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 87.5% of U.S. neighborhoods. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Jackson Ward / Biotech and MCV District neighborhood, 45.1% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 30.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (14.5%), and 10.1% in manufacturing and laborer occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Jackson Ward / Biotech and MCV District neighborhood is English, spoken by 89.0% of households. Other important languages spoken here include Spanish and French.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Jackson Ward / Biotech and MCV District neighborhood in Richmond, VA, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (12.3%). There are also a number of people of German ancestry (11.0%), and residents who report English roots (7.9%), and some of the residents are also of Irish ancestry (7.9%), along with some Italian ancestry residents (7.2%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Jackson Ward / Biotech and MCV District neighborhood spend between 15 and 30 minutes commuting one-way to work (46.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (59.6%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (10.1%) and 6.9% of residents also ride the bus for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


Real Estate includes:
Average Home Values
Rental Market
Housing Market Details
Neighborhood Setting
Economics & Demographics include:
Lifestyle & Special Character
Household Types
Commute To Work
Migration & Mobility
Race & Ethnic Diversity
Employment Industries & Occupations
Income & Unemployment Rate
Higher Education Attainment
Crime includes:
Neighborhood Crime Index
Crimes Per Square Mile
Property Crime Comparison
Violent Crime Comparison
Schools include:
School Ratings
Schools In District
Public School Test Scores
School District Enrollment
Educational Expenditures

comparable neighborhoods nearby