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Real Estate Prices & Overview

Elm Ave / Victory Blvd median real estate price is $264,183, which is less expensive than 79.1% of Virginia neighborhoods and 67.8% of all U.S. neighborhoods.

Average rental prices in the Elm Ave / Victory Blvd neighborhood are currently unreported, based on NeighborhoodScout's exclusive analysis.

Elm Ave / Victory Blvd is a rural neighborhood (based on population density) located in Portsmouth, Virginia.

Elm Ave / Victory Blvd real estate is primarily made up of . Most of the residential real estate is renter occupied. Many of the residences in the Elm Ave / Victory Blvd 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 1970 and 1999.

In Elm Ave / Victory Blvd, 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 Elm Ave / Victory Blvd 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

This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Elm Ave / Victory Blvd neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.

In addition, one of the notable things about Elm Ave / Victory Blvd is that it is one of the quietest neighborhoods in America, according to NeighborhoodScout's exclusive analysis and quantitative rating of quietness. When you are here, you will find it to be very quiet. If quiet and peaceful are your cup of tea, you may have found a great place for you.

People

In a nation where 1 out of every 4 children lives in poverty, the Elm Ave / Victory Blvd neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

Modes of Transportation

More people in Elm Ave / Victory Blvd choose to walk to work each day (51.2%) 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.

Occupations

The Elm Ave / Victory Blvd neighborhood stands out nationally for having a greater proportion of its residents active in the military than 99.8% 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.

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 Elm Ave / Victory Blvd neighborhood. In the Elm Ave / Victory Blvd neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.4% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

Diversity

Significantly, 8.6% of its residents five years old and above primarily speak Polish at home. While this may seem like a small percentage, it is higher than 97.4% of the neighborhoods in America.

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 Elm Ave / Victory Blvd neighborhood in Portsmouth 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.

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 Elm Ave / Victory Blvd neighborhood, 30.8% of the working population is employed in the military.

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 Elm Ave / Victory Blvd neighborhood is English, spoken by 91.5% of households. Other important languages spoken here include Polish and Spanish.

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 Elm Ave / Victory Blvd neighborhood in Portsmouth, VA, residents most commonly identify their ethnicity or ancestry as Irish (10.0%). There are also a number of people of German ancestry (4.4%), and residents who report Mexican roots (2.8%), and some of the residents are also of Native American ancestry (1.8%), along with some Polish ancestry residents (1.8%), 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 Elm Ave / Victory Blvd neighborhood spend under 15 minutes commuting one-way to work (56.3% of working residents), one of the shortest commutes across America.

Here most residents (51.2%) hop out the door and walk to work to get to work. In addition, quite a number also drive alone in a private automobile to get to work (41.4%) . This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.


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