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Real Estate Prices & Overview

Pheasant Acres / Forest Hills median real estate price is $543,438, which is more expensive than 62.7% of the neighborhoods in Virginia and 68.0% of the neighborhoods in the U.S.

The average rental price in Pheasant Acres / Forest Hills is currently $1,856, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 69.1% of Virginia neighborhoods.

Pheasant Acres / Forest Hills is a suburban neighborhood (based on population density) located in Harrisonburg, Virginia.

Pheasant Acres / Forest Hills real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) apartment complexes/high-rise apartments and townhomes. Most of the residential real estate is renter occupied. Many of the residences in the Pheasant Acres / Forest Hills 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.

Vacant apartments or homes are a major fact of life in Pheasant Acres / Forest Hills. The current real estate vacancy rate here is 17.2%. This is higher than the rate of vacancies in 82.5% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually 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 Harrisonburg, the Pheasant Acres / Forest Hills neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

NeighborhoodScout's analysis shows that the Pheasant Acres / Forest Hills neighborhood has a greater concentration of residents currently enrolled in college than 99.5% of the neighborhoods in the U.S. With 66.7% of the population here attending college, this is very much a college-focused neighborhood.

In addition, the Pheasant Acres / Forest Hills neighborhood stands out for having an average per capita income lower than 97.8% of the neighborhoods in the United States. The Pheasant Acres / Forest Hills neighborhood also has a greater percentage of children living in poverty (66.2%) than found in 98.0% 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.

Real Estate

95.0% of the real estate in the Pheasant Acres / Forest Hills neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

In addition, one way that the Pheasant Acres / Forest Hills neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 96.6% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.

Furthermore, one of the really unique and interesting things about the look and setting of the Pheasant Acres / Forest Hills neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 74.6% 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 95.8% of all neighborhoods in America.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Pheasant Acres / Forest Hills neighborhood have a highly unusual car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 33.9% of the households here have four, five, or more cars. That is more cars per household than in 95.5% of the neighborhoods in the nation.

Migration / Stability

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 Pheasant Acres / Forest Hills neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.1% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

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 Pheasant Acres / Forest Hills neighborhood in Harrisonburg are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 97.8% of U.S. neighborhoods. With 66.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 98.0% 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 Pheasant Acres / Forest Hills neighborhood, 37.5% 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 36.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (15.1%), and 11.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Pheasant Acres / Forest Hills neighborhood is English, spoken by 83.3% of households. Some people also speak Spanish (7.0%).

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 Pheasant Acres / Forest Hills neighborhood in Harrisonburg, VA, residents most commonly identify their ethnicity or ancestry as Irish (11.1%). There are also a number of people of German ancestry (10.9%), and residents who report Italian roots (8.6%), and some of the residents are also of English ancestry (6.9%), along with some Asian ancestry residents (5.4%), 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 Pheasant Acres / Forest Hills neighborhood spend under 15 minutes commuting one-way to work (56.4% of working residents), one of the shortest commutes across America.

Here most residents (74.4%) 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 (9.1%) and 8.6% of residents also hop out the door and walk to work for their daily commute. 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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