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Real Estate Prices & Overview

Median real estate price in the Town Center of Bedford is $289,494, which is more expensive than 27.8% of the neighborhoods in Virginia and 37.2% of the neighborhoods in the U.S.

The average rental price in Bedford Town Center is currently $1,281, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 92.5% of Virginia neighborhoods.

Bedford Town Center is a rural neighborhood (based on population density) located in Bedford, Virginia.

Real estate in the Town Center of Bedford, VA is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Town Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Bedford Town Center has a 14.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 76.0% of American neighborhoods). A relatively large percentage of housing here is seasonally occupied (9.2%), which can occur in some markets dominated by colleges or vacation homes. If you live here year round, you will find many of the homes or apartments are empty for all or a portion of the year.

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.

People

The Bedford Town Center neighborhood has a greater percentage of children living in poverty (62.7%) than found in 97.4% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.

Diversity

Did you know that the Bedford Town Center neighborhood has more African and Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.5% of this neighborhood's residents have African ancestry and 0.6% have Armenian ancestry.

Bedford Town Center is also pretty special linguistically. Significantly, 5.6% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 99.7% 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 Town Center neighborhood in Bedford are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 92.3% of U.S. neighborhoods. With 62.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 97.4% of U.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 Bedford Town Center neighborhood, 27.9% of the working population is employed in clerical, assistant, and tech support occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 26.5% of the residents employed. Other residents here are employed in executive, management, and professional occupations (24.6%), and 21.0% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

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 Bedford Town Center neighborhood is English, spoken by 89.8% of households. Other important languages spoken here include Japanese and Spanish.

Ethnicity / Ancestry

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 Town Center neighborhood in Bedford, VA, residents most commonly identify their ethnicity or ancestry as Irish (7.8%). There are also a number of people of Sub-Saharan African ancestry (6.5%), and residents who report African roots (6.5%), and some of the residents are also of Asian ancestry (5.6%), along with some English ancestry residents (5.6%), 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 Bedford Town Center neighborhood spend under 15 minutes commuting one-way to work (37.1% of working residents), one of the shortest commutes across America.

Here most residents (78.3%) 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 (16.8%) . 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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