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Real Estate Prices & Overview

Naval Air Station Oceana median real estate price is $325,626, which is more expensive than 37.1% of the neighborhoods in Virginia and 47.1% of the neighborhoods in the U.S.

Average rental prices in the Naval Air Station Oceana neighborhood are currently unreported, based on NeighborhoodScout's exclusive analysis.

Naval Air Station Oceana is a rural neighborhood (based on population density) located in Virginia Beach, Virginia.

Naval Air Station Oceana real estate is primarily made up of medium sized (three or four bedroom) single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Naval Air Station Oceana neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

In Naval Air Station Oceana, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Naval Air Station Oceana is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Real Estate

Renter-occupied real estate is dominant in the Naval Air Station Oceana neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 98.1%, which is higher than 98.7% 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 a real estate vacancy rate of only 0.0%, the Naval Air Station Oceana neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.

In addition, most neighborhoods are composed of a mixture of ages of homes, but the Naval Air Station Oceana stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 100.0% of the residential real estate here was built in this one time period.

Furthermore, some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the Naval Air Station Oceana neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 98.7% of all American neighborhoods.

People

In a nation where 1 out of every 4 children lives in poverty, the Naval Air Station Oceana neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

Occupations

The Naval Air Station Oceana neighborhood stands out nationally for having a greater proportion of its residents active in the military than 99.6% of other U.S. neighborhoods. If you come here, you will notice military people active in their jobs, going to and from work, and in plain clothes out and about the neighborhood.

Furthermore, the government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Naval Air Station Oceana neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 15.6% of its workforce, this neighborhood has a greater concentration of government workers than 97.5% of U.S. neighborhoods.

Modes of Transportation

More people in Naval Air Station Oceana choose to walk to work each day (39.1%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Naval Air Station Oceana neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Naval Air Station Oceana neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 78.5% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 99.5% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Naval Air Station Oceana neighborhood have a highly unusual car ownership. 37.8% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.9% of U.S. neighborhoods.

Migration / Stability

Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Naval Air Station Oceana neighborhood. In the Naval Air Station Oceana neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.8% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

Diversity

Did you know that the Naval Air Station Oceana neighborhood has more Portuguese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.8% of this neighborhood's residents have Portuguese ancestry.

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 Naval Air Station Oceana neighborhood in Virginia Beach are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 100.0% 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 Naval Air Station Oceana neighborhood, 33.0% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 29.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (22.0%), and 15.6% in government jobs, whether they are in local, state, or federal positions.

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 Naval Air Station Oceana neighborhood is English, spoken by 81.1% of households. Other important languages spoken here include Spanish and Italian.

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 Naval Air Station Oceana neighborhood in Virginia Beach, VA, residents most commonly identify their ethnicity or ancestry as Mexican (11.2%). There are also a number of people of Irish ancestry (9.0%), and residents who report Puerto Rican roots (5.0%), and some of the residents are also of Italian ancestry (4.9%), along with some Spanish ancestry residents (3.6%), 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 Naval Air Station Oceana neighborhood spend under 15 minutes commuting one-way to work (78.5% of working residents), one of the shortest commutes across America.

Here most residents (48.4%) 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 (39.1%) and 11.0% of residents also carpool with coworkers, friends, or neighbors 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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