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Real Estate Prices & Overview

Fairview Farms / Sherwood Park median real estate price is $277,947, which is more expensive than 25.5% of the neighborhoods in Virginia and 33.8% of the neighborhoods in the U.S.

The average rental price in Fairview Farms / Sherwood Park is currently $1,600, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 77.9% of Virginia neighborhoods.

Fairview Farms / Sherwood Park is a suburban neighborhood (based on population density) located in Hampton, Virginia. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Fairview Farms / Sherwood Park 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 single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Fairview Farms / Sherwood Park neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Fairview Farms / Sherwood Park has a 10.6% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 65.3% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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 Hampton, the Fairview Farms / Sherwood Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Fairview Farms / Sherwood Park is a neighborhood that is on the ocean, a bay, or inlet. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. In addition to being coastal, Fairview Farms / Sherwood Park 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.

People

The Fairview Farms / Sherwood Park neighborhood has a greater percentage of children living in poverty (68.2%) than found in 98.4% 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.

In addition, single parenting is hard. But you don't have to tell the Fairview Farms / Sherwood Park neighborhood about it; they already know. 17.5% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 95.3% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

Occupations

With 3.4% of employed workers living in the Fairview Farms / Sherwood Park neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 97.8% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

Diversity

Did you know that the Fairview Farms / Sherwood Park neighborhood has more Croatian and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.3% of this neighborhood's residents have Croatian ancestry and 2.6% have Hungarian 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 Fairview Farms / Sherwood Park neighborhood in Hampton are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 94.0% of U.S. neighborhoods. With 68.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 98.4% of U.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 Fairview Farms / Sherwood Park neighborhood, 30.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 28.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (21.7%), and 19.3% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Fairview Farms / Sherwood Park neighborhood is English, spoken by 95.0% of households.

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 Fairview Farms / Sherwood Park neighborhood in Hampton, VA, residents most commonly identify their ethnicity or ancestry as German (7.3%). There are also a number of people of Sub-Saharan African ancestry (4.9%), and residents who report English roots (4.5%), and some of the residents are also of Irish ancestry (4.4%), along with some African ancestry residents (4.2%), 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 Fairview Farms / Sherwood Park neighborhood spend between 15 and 30 minutes commuting one-way to work (47.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (78.6%) 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 (11.6%) . 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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