Scott's Addition / Newtowne West median real estate price is $619,464, which is more expensive than 69.9% of the neighborhoods in Virginia and 73.4% of the neighborhoods in the U.S.
The average rental price in Scott's Addition / Newtowne West is currently $2,749, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 61.8% of the neighborhoods in Virginia.
Scott's Addition / Newtowne West is a suburban neighborhood (based on population density) located in Richmond, Virginia.
Scott's Addition / Newtowne West 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Scott's Addition / Newtowne West neighborhood are newer, built in 2000 or more recently. A number of residences were also built before 1940.
Scott's Addition / Newtowne West has a 11.5% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 68.8% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
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 Scott's Addition / Newtowne West neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
In a nation where 1 out of every 4 children lives in poverty, the Scott's Addition / Newtowne West neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, neighborhoodScout's analysis shows that the Scott's Addition / Newtowne West neighborhood has a greater concentration of residents currently enrolled in college than 97.1% of the neighborhoods in the U.S. With 15.2% of the population here attending college, this is very much a college-focused neighborhood.
Also, one of the most interesting things about the Scott's Addition / Newtowne West neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 52.3% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 96.6% of the neighborhoods in America.
The Scott's Addition / Newtowne West neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 92.0% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
In addition, the real estate in the Scott's Addition / Newtowne West neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 89.6% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 98.1% of American neighborhoods.
Furthermore, renter-occupied real estate is dominant in the Scott's Addition / Newtowne West neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 92.7%, which is higher than 97.5% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
With 2.1% of employed workers living in the Scott's Addition / Newtowne West neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 96.2% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the Scott's Addition / Newtowne West neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.1% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
Did you know that the Scott's Addition / Newtowne West neighborhood has more Ukrainian and Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.7% of this neighborhood's residents have Ukrainian ancestry and 0.8% have Iranian ancestry.
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 Scott's Addition / Newtowne West neighborhood in Richmond are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 42.3% of the neighborhoods in America. 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.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Scott's Addition / Newtowne West neighborhood, 58.7% 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 24.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (10.6%), and 6.9% in government jobs, whether they are in local, state, or federal positions.
The most common language spoken in the Scott's Addition / Newtowne West neighborhood is English, spoken by 92.1% of households. Some people also speak Spanish (2.9%).
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Scott's Addition / Newtowne West neighborhood in Richmond, VA, residents most commonly identify their ethnicity or ancestry as German (17.8%). There are also a number of people of Irish ancestry (15.4%), and residents who report English roots (9.2%), and some of the residents are also of Italian ancestry (8.2%), along with some Asian ancestry residents (4.8%), among others.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Scott's Addition / Newtowne West neighborhood spend under 15 minutes commuting one-way to work (43.3% of working residents), one of the shortest commutes across America.
Here most residents (67.3%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (6.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.