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Real Estate Prices & Overview

Richmond Valley median real estate price is $780,067, which is more expensive than 57.8% of the neighborhoods in New York and 82.6% of the neighborhoods in the U.S.

The average rental price in Richmond Valley is currently $3,722, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 67.6% of the neighborhoods in New York.

Richmond Valley is an urban neighborhood (based on population density) located in Staten Island, New York. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Richmond Valley real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Richmond Valley 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 8.0% in Richmond Valley. NeighborhoodScout analysis shows that this rate is lower than 46.9% 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 Staten Island, the Richmond Valley neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Do you like a coastal setting? If so, this neighborhood may be to your liking. The Richmond Valley neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, Richmond Valley is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.

In addition, corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the Richmond Valley neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 35.7% of the real estate here is made up of such dwellings, which is higher than 96.2% of all U.S. neighborhoods.

Modes of Transportation

If you like to ride a ferry to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 1.7% of the Richmond Valley neighborhood's commuters ride a ferry to and from work each day, which is more than we found in 99.4% of America's neighborhoods.

Also, more people ride the bus in this neighborhood each day to get to work than 96.4% of U.S. neighborhoods.

Occupations

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 Richmond Valley neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 19.6% of its workforce, this neighborhood has a greater concentration of government workers than 98.9% of U.S. neighborhoods.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Richmond Valley neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 11.0% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 96.6% of all neighborhoods in America.

People

The Richmond Valley neighborhood stands out within New York 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 5.2% of college-friendly places to live in NY. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for urban sophisticates.

Diversity

Did you know that the Richmond Valley neighborhood has more Italian and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 43.7% of this neighborhood's residents have Italian ancestry and 5.2% have Cuban 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 Richmond Valley neighborhood in Staten Island are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 92.6% of the neighborhoods in America. In addition, 4.8% 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 64.8% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Richmond Valley neighborhood, 38.9% 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 26.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (22.4%), and 19.6% 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 Richmond Valley neighborhood is English, spoken by 79.2% of households. Other important languages spoken here include Spanish, Italian and Chinese.

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 Richmond Valley neighborhood in Staten Island, NY, residents most commonly identify their ethnicity or ancestry as Italian (43.7%). There are also a number of people of Irish ancestry (14.6%), and residents who report German roots (7.3%), and some of the residents are also of Mexican ancestry (6.3%), along with some Spanish ancestry residents (6.0%), among others. In addition, 12.3% 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 Richmond Valley neighborhood spend between 15 and 30 minutes commuting one-way to work (29.8% of working residents), which is shorter than the time spent commuting to work for most Americans. However, there is also a significant group of residents (11.0%) who commute over an hour in each direction.

Here most residents (77.7%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (12.4%) . 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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