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Real Estate Prices & Overview

Shea Terrace median real estate price is $347,563, which is more expensive than 38.2% of the neighborhoods in Virginia and 47.4% of the neighborhoods in the U.S.

The average rental price in Shea Terrace is currently $2,472, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 42.4% of Virginia neighborhoods.

Shea Terrace is a suburban neighborhood (based on population density) located in Portsmouth, Virginia.

Shea Terrace real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Shea Terrace neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Home and apartment vacancy rates are 8.6% in Shea Terrace. NeighborhoodScout analysis shows that this rate is lower than 45.2% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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

Of note is NeighborhoodScout's research finding that the Shea Terrace 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 Shea Terrace community truly stands out from the rest in this regard.

Occupations

With 15.2% of employed workers living in the Shea Terrace neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 99.6% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

Modes of Transportation

Our research reveals that 92.1% of commuters who live in the Shea Terrace neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 98.3% of U.S. neighborhoods.

Diversity

Did you know that the Shea Terrace neighborhood has more African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.3% of this neighborhood's residents have African ancestry.

The Neighbors

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 Shea Terrace neighborhood in Portsmouth are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 65.1% 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.

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 Shea Terrace neighborhood, 44.9% 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 22.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (17.5%), and 15.2% in the military.

Languages

The most common language spoken in the Shea Terrace neighborhood is English, spoken by 95.2% of households. Some people also speak Spanish (3.1%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Shea Terrace neighborhood in Portsmouth, VA, residents most commonly identify their ethnicity or ancestry as English (9.5%). There are also a number of people of German ancestry (8.9%), and residents who report Sub-Saharan African roots (7.3%), and some of the residents are also of African ancestry (7.3%), along with some Irish ancestry residents (4.2%), 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 Shea Terrace neighborhood spend between 15 and 30 minutes commuting one-way to work (43.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (92.1%) drive alone in a private automobile to get to work. 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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