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Real Estate Prices & Overview

Holy Neck East median real estate price is $355,061, which is more expensive than 42.6% of the neighborhoods in Virginia and 51.6% of the neighborhoods in the U.S.

The average rental price in Holy Neck East is currently $1,794, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 67.5% of Virginia neighborhoods.

Holy Neck East is a rural neighborhood (based on population density) located in Suffolk, Virginia.

Holy Neck East real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Holy Neck East neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Holy Neck East are 3.6%, which is lower than one will find in 76.5% of American neighborhoods. Demand for real estate in Holy Neck East is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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 Suffolk, the Holy Neck East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Diversity

Did you know that the Holy Neck East neighborhood has more African and Scots-Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 20.8% of this neighborhood's residents have African ancestry and 5.5% have Scots-Irish ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Holy Neck East neighborhood in Suffolk are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 74.7% of U.S. neighborhoods. With 28.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 80.0% of U.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 Holy Neck East neighborhood, 44.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 33.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (12.5%), and 8.9% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Holy Neck East neighborhood is English, spoken by 97.6% of households.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Holy Neck East neighborhood in Suffolk, VA, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (20.8%). There are also a number of people of African ancestry (20.8%), and residents who report English roots (12.1%), and some of the residents are also of German ancestry (6.7%), along with some Irish ancestry residents (6.4%), among others.

Getting to Work

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 Holy Neck East neighborhood spend under 15 minutes commuting one-way to work (34.5% of working residents), one of the shortest commutes across America.

Here most residents (87.1%) 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 (11.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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