Fairmount median real estate price is $364,576, which is more expensive than 40.4% of the neighborhoods in Virginia and 49.0% of the neighborhoods in the U.S.
The average rental price in Fairmount is currently $2,571, based on Ä¢¹½ÊÓÆµ's exclusive analysis. Rents here are currently lower in price than 44.9% of Virginia neighborhoods.
Fairmount is an urban neighborhood (based on population density) located in Richmond, Virginia.
Fairmount real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Fairmount 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 5.9% in Fairmount. Ä¢¹½ÊÓÆµ analysis shows that this rate is lower than 59.4% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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 Ä¢¹½ÊÓÆµ's exclusive exploration and analysis.
More people ride the bus in this neighborhood each day to get to work than 97.0% of U.S. neighborhoods.
Did you know that the Fairmount neighborhood has more Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 8.5% of this neighborhood's residents have Puerto Rican ancestry.
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. Ä¢¹½ÊÓÆµ's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Fairmount neighborhood in Richmond are lower-middle income, making it a below average income neighborhood. Ä¢¹½ÊÓÆµ's research shows that this neighborhood has an income lower than 76.9% of U.S. neighborhoods. With 29.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 80.9% 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 Fairmount neighborhood, 40.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 25.4% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.8%), and 12.4% in manufacturing and laborer occupations.
The most common language spoken in the Fairmount neighborhood is English, spoken by 93.0% of households. Some people also speak Spanish (6.0%).
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 Fairmount neighborhood in Richmond, VA, residents most commonly identify their ethnicity or ancestry as Puerto Rican (8.5%). There are also a number of people of Irish ancestry (8.3%), and residents who report English roots (7.0%), and some of the residents are also of Sub-Saharan African ancestry (4.2%), along with some German ancestry residents (3.4%), among others.
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 Fairmount neighborhood spend between 15 and 30 minutes commuting one-way to work (56.5% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (70.5%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (13.6%) and 7.7% of residents also carpool with coworkers, friends, or neighbors 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.