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Real Estate Prices & Overview

Magnolia Industrial Center / Highland Park Southern Tip median real estate price is $337,749, which is more expensive than 36.0% of the neighborhoods in Virginia and 45.2% of the neighborhoods in the U.S.

The average rental price in Magnolia Industrial Center / Highland Park Southern Tip is currently $1,983, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 62.5% of Virginia neighborhoods.

Magnolia Industrial Center / Highland Park Southern Tip is a suburban neighborhood (based on population density) located in Richmond, Virginia.

Magnolia Industrial Center / Highland Park Southern Tip real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Magnolia Industrial Center / Highland Park Southern Tip neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Home and apartment vacancy rates are 7.5% in Magnolia Industrial Center / Highland Park Southern Tip. NeighborhoodScout analysis shows that this rate is lower than 50.6% 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.

Modes of Transportation

In the Magnolia Industrial Center / Highland Park Southern Tip neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 22.9% of commuters carpool here, which is more than in 95.7% of all U.S. neighborhoods.

People

With a nice mix of college students, safety from crime, and decent walkability, the Magnolia Industrial Center / Highland Park Southern Tip neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 88.9% of the neighborhoods in VA. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

Diversity

Did you know that the Magnolia Industrial Center / Highland Park Southern Tip neighborhood has more Jamaican and African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 12.0% of this neighborhood's residents have Jamaican ancestry and 6.0% have African 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 Magnolia Industrial Center / Highland Park Southern Tip 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 86.4% of U.S. neighborhoods. With 11.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 53.3% 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 Magnolia Industrial Center / Highland Park Southern Tip neighborhood, 30.2% 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 26.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (25.7%), and 17.6% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Magnolia Industrial Center / Highland Park Southern Tip neighborhood is English, spoken by 95.9% of households. Some people also speak Spanish (2.1%).

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 Magnolia Industrial Center / Highland Park Southern Tip neighborhood in Richmond, VA, residents most commonly identify their ethnicity or ancestry as Jamaican (12.0%). There are also a number of people of Sub-Saharan African ancestry (6.8%), and residents who report English roots (6.1%), and some of the residents are also of African ancestry (6.0%), along with some Irish ancestry residents (4.6%), 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 Magnolia Industrial Center / Highland Park Southern Tip neighborhood spend between 15 and 30 minutes commuting one-way to work (46.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (55.5%) 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 (22.9%) and 7.5% 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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