Franconia East median real estate price is $432,620, which is more expensive than 52.1% of the neighborhoods in Virginia and 58.9% of the neighborhoods in the U.S.
The average rental price in Franconia East is currently $3,193, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 84.0% of the neighborhoods in Virginia.
Franconia East is an urban neighborhood (based on population density) located in Alexandria, Virginia.
Franconia East real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Franconia East 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 Franconia East, the current vacancy rate is 1.5%, which is a lower rate of vacancies than 89.6% of all neighborhoods in the U.S. This means that the housing supply in Franconia East is very tight compared to the demand for property here.
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.
Of note is NeighborhoodScout's research finding that the Franconia East neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Franconia East community truly stands out from the rest in this regard.
With 4.9% of employed workers living in the Franconia East neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 98.7% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.
Furthermore, the Franconia East neighborhood has a greater proportion of government workers living in it than 97.1% of the neighborhoods in America, according to NeighborhoodScout's exclusive analysis. This is a unique feature of this neighborhood, and one that shapes its character.
The Franconia East neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 87.3% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
In addition, one of the really unique and interesting things about the look and setting of the Franconia East neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 80.6% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 96.8% of all neighborhoods in America.
In the Franconia East neighborhood, 15.3% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 96.5% of the neighborhoods in America.
Significantly, 3.9% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 98.4% of the neighborhoods in America.
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 Franconia East neighborhood in Alexandria 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 86.5% of the neighborhoods in America. 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 Franconia East neighborhood, 67.1% 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 15.3% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (15.0%), and 13.3% in clerical, assistant, and tech support occupations.
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 Franconia East neighborhood is English, spoken by 74.0% of households. Other important languages spoken here include Spanish, Vietnamese, Korean and African languages.
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Franconia East neighborhood in Alexandria, VA, residents most commonly identify their ethnicity or ancestry as Asian (12.5%). There are also a number of people of English ancestry (7.5%), and residents who report Italian roots (6.7%), and some of the residents are also of German ancestry (6.2%), along with some Polish ancestry residents (6.1%), among others. In addition, 17.4% of the residents of this neighborhood were born in another country.
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 Franconia East neighborhood spend between 30 and 45 minutes commuting one-way to work (38.3% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (59.6%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (15.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.