Scott's Addition / Newtowne West median real estate price is $322,978, which is less expensive than 67.5% of Virginia neighborhoods and 58.2% of all U.S. neighborhoods.
The average rental price in Scott's Addition / Newtowne West is currently $2,666, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 66.3% of the neighborhoods in Virginia.
Scott's Addition / Newtowne West is a suburban neighborhood (based on population density) located in Richmond, Virginia.
Scott's Addition / Newtowne West 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 renter occupied. Many of the residences in the Scott's Addition / Newtowne West neighborhood are newer, built in 2000 or more recently. A number of residences were also built before 1940.
Scott's Addition / Newtowne West has a 10.8% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 64.8% 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.
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.
The types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. NeighborhoodScout's exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 58.8%. This is a higher percent living alone than we found in 98.6% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse.
In addition, neighborhoodScout's analysis shows that the Scott's Addition / Newtowne West neighborhood has a greater concentration of residents currently enrolled in college than 97.3% of the neighborhoods in the U.S. With 17.0% of the population here attending college, this is very much a college-focused neighborhood.
One of the really unique and interesting things about the look and setting of the Scott's Addition / Newtowne West neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 86.7% 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 97.7% of all neighborhoods in America.
In addition, the Scott's Addition / Newtowne West 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 89.9% 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.
Furthermore, 91.2% of the real estate in the Scott's Addition / Newtowne West neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
With 2.2% of employed workers living in the Scott's Addition / Newtowne West neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 96.6% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the Scott's Addition / Newtowne West neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 97.6% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
Did you know that the Scott's Addition / Newtowne West neighborhood has more Ukrainian and Finnish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.1% of this neighborhood's residents have Ukrainian ancestry and 1.1% have Finnish ancestry.
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 Scott's Addition / Newtowne West neighborhood in Richmond are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 60.9% of U.S. neighborhoods. With 52.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 95.0% of U.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 Scott's Addition / Newtowne West neighborhood, 59.4% 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 24.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (8.6%), and 7.3% in manufacturing and laborer occupations.
The most common language spoken in the Scott's Addition / Newtowne West neighborhood is English, spoken by 91.7% of households. Some people also speak Spanish (2.2%).
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 Scott's Addition / Newtowne West neighborhood in Richmond, VA, residents most commonly identify their ethnicity or ancestry as Irish (14.9%). There are also a number of people of German ancestry (13.5%), and residents who report English roots (12.9%), and some of the residents are also of Asian ancestry (6.2%), along with some Italian ancestry residents (4.4%), among others.
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 Scott's Addition / Newtowne West neighborhood spend under 15 minutes commuting one-way to work (42.3% of working residents), one of the shortest commutes across America.
Here most residents (65.1%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (7.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.