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Real Estate Prices & Overview

Wildwood median real estate price is $245,725, which is less expensive than 81.9% of Virginia neighborhoods and 72.1% of all U.S. neighborhoods.

The average rental price in Wildwood is currently $1,897, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 68.9% of Virginia neighborhoods.

Wildwood is a suburban neighborhood (based on population density) located in Roanoke, Virginia.

Wildwood 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 Wildwood 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.

Home and apartment vacancy rates are 7.9% in Wildwood. NeighborhoodScout analysis shows that this rate is lower than 47.4% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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.

Occupations

The Wildwood neighborhood has a greater proportion of government workers living in it than 95.7% of the neighborhoods in America, according to NeighborhoodScout's exclusive analysis. This is a unique feature of this neighborhood, and one that shapes its character.

People

According to NeighborhoodScout's research, Wildwood is better suited for first-time home buyers than 88.7% of neighborhoods in the state. Most homes here are priced below the state's median house value, yet maintain comparably good appreciation rates over the last decade relative to other neighborhoods in Virginia. Along with an exclusive multi-metric measure of neighborhood quality developed by NeighborhoodScout that scores high here in this neighborhood, this means that buying into the neighborhood is not only an accessible option but considered a decent first time home buyer choice for building equity in your first home, while being in a quality neighborhood

Diversity

Significantly, 1.4% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 97.4% 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 Wildwood neighborhood in Roanoke are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 75.4% of U.S. neighborhoods. In addition, 7.8% 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 55.6% of America'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 Wildwood neighborhood, 42.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 28.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.0%), and 13.2% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Wildwood neighborhood is English, spoken by 89.2% of households. Some people also speak Spanish (9.2%).

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 Wildwood neighborhood in Roanoke, VA, residents most commonly identify their ethnicity or ancestry as German (14.4%). There are also a number of people of English ancestry (11.4%), and residents who report Irish roots (8.8%), and some of the residents are also of Sub-Saharan African ancestry (5.4%), along with some African ancestry residents (4.6%), among others. In addition, 10.3% of the residents of this neighborhood were born in another country.

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 Wildwood neighborhood spend between 15 and 30 minutes commuting one-way to work (51.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (73.7%) 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 (13.6%) . 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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