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Real Estate Prices & Overview

Diamond Lake Estates / Virginia Wesleyan University median real estate price is $190,455, which is less expensive than 88.4% of Virginia neighborhoods and 79.2% of all U.S. neighborhoods.

The average rental price in Diamond Lake Estates / Virginia Wesleyan University is currently $2,027, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 56.5% of Virginia neighborhoods.

Diamond Lake Estates / Virginia Wesleyan University is a suburban neighborhood (based on population density) located in Virginia Beach, Virginia.

Diamond Lake Estates / Virginia Wesleyan University real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) townhomes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Diamond Lake Estates / Virginia Wesleyan University 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 Diamond Lake Estates / Virginia Wesleyan University are 4.8%, which is lower than one will find in 68.1% of American neighborhoods. Demand for real estate in Diamond Lake Estates / Virginia Wesleyan University 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 Virginia Beach, the Diamond Lake Estates / Virginia Wesleyan University neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

An extraordinary 18.5% of the residents of the Diamond Lake Estates / Virginia Wesleyan University 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.

Real Estate

If you love row houses and attached homes, you will probably really like the Diamond Lake Estates / Virginia Wesleyan University neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 34.5% of the residential real estate here is classified as row houses and attached homes.

Occupations

With 1.6% of employed workers living in the Diamond Lake Estates / Virginia Wesleyan University neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 95.3% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

Diversity

Did you know that the Diamond Lake Estates / Virginia Wesleyan University neighborhood has more Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.9% of this neighborhood's residents have Dominican ancestry.

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 Diamond Lake Estates / Virginia Wesleyan University neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 96.2% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

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 Diamond Lake Estates / Virginia Wesleyan University neighborhood in Virginia Beach are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 71.2% of U.S. neighborhoods. With 17.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 63.9% of U.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 Diamond Lake Estates / Virginia Wesleyan University neighborhood, 30.6% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 27.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (22.0%), and 20.1% in executive, management, and professional 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 Diamond Lake Estates / Virginia Wesleyan University neighborhood is English, spoken by 79.8% of households. Other important languages spoken here include Spanish, Chinese and Polish.

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 Diamond Lake Estates / Virginia Wesleyan University neighborhood in Virginia Beach, VA, residents most commonly identify their ethnicity or ancestry as German (10.5%). There are also a number of people of Mexican ancestry (5.7%), and residents who report Sub-Saharan African roots (5.4%), and some of the residents are also of Dominican ancestry (4.9%), along with some Asian ancestry residents (4.8%), among others. In addition, 11.7% of the residents of this neighborhood were born in another country.

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 Diamond Lake Estates / Virginia Wesleyan University neighborhood spend between 15 and 30 minutes commuting one-way to work (44.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (62.8%) 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 (20.5%) and 8.5% of residents also hop out the door and walk to work 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.


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