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Real Estate Prices & Overview

Davee Gardens / Commerce Road Industrial Area median real estate price is $151,719, which is less expensive than 92.0% of Virginia neighborhoods and 86.5% of all U.S. neighborhoods.

The average rental price in Davee Gardens / Commerce Road Industrial Area is currently $2,059, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 58.9% of Virginia neighborhoods.

Davee Gardens / Commerce Road Industrial Area is a suburban neighborhood (based on population density) located in Richmond, Virginia.

Davee Gardens / Commerce Road Industrial Area real estate 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 Davee Gardens / Commerce Road Industrial Area neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Davee Gardens / Commerce Road Industrial Area has a 13.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 74.7% 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

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Modes of Transportation

In the Davee Gardens / Commerce Road Industrial Area neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 24.1% of commuters carpool here, which is more than in 96.6% of all U.S. neighborhoods.

Also, our research revealed that more commuters here take the bus to work (13.0% ride the bus) than 96.5% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Car Ownership

We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Davee Gardens / Commerce Road Industrial Area neighborhood has a highly unusual pattern of car ownership. 20.5% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.4% of U.S. neighborhoods.

People

One of the unique characteristics of the Davee Gardens / Commerce Road Industrial Area neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 95.2% of the neighborhoods in America.

Diversity

Did you know that the Davee Gardens / Commerce Road Industrial Area neighborhood has more African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.2% of this neighborhood's residents have African ancestry.

Davee Gardens / Commerce Road Industrial Area is also pretty special linguistically. Significantly, 3.2% of its residents five years old and above primarily speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher than 96.1% 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 Davee Gardens / Commerce Road Industrial Area neighborhood in Richmond are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 95.2% of U.S. neighborhoods. With 44.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 91.6% 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 Davee Gardens / Commerce Road Industrial Area neighborhood, 39.7% of the working population is employed in manufacturing and laborer 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 27.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.5%), and 15.3% in executive, management, and professional occupations.

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 Davee Gardens / Commerce Road Industrial Area neighborhood is English, spoken by 62.4% of households. Other important languages spoken here include Spanish and Tagalog (the first language of the Philippine region).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Davee Gardens / Commerce Road Industrial Area neighborhood in Richmond, VA, residents most commonly identify their ethnicity or ancestry as Mexican (8.1%). There are also a number of people of Sub-Saharan African ancestry (7.2%), and residents who report African roots (7.2%), and some of the residents are also of English ancestry (5.8%), along with some Asian ancestry residents (2.9%), among others. In addition, 19.3% of the residents of this neighborhood were born in another country.

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 Davee Gardens / Commerce Road Industrial Area neighborhood spend between 15 and 30 minutes commuting one-way to work (59.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (51.3%) 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 (24.1%) and 13.0% of residents also ride the bus 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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