Virginia Lake Northwest median real estate price is $481,524, which is more expensive than 43.6% of the neighborhoods in Nevada and 53.8% of the neighborhoods in the U.S.
The average rental price in Virginia Lake Northwest is currently $1,435, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 93.1% of Nevada neighborhoods.
Virginia Lake Northwest is a densely urban neighborhood (based on population density) located in Reno, Nevada.
Virginia Lake Northwest real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Virginia Lake Northwest 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 7.0% in Virginia Lake Northwest. NeighborhoodScout analysis shows that this rate is lower than 53.6% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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 Virginia Lake Northwest 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 Virginia Lake Northwest community truly stands out from the rest in this regard.
In addition, one of the most interesting things about the Virginia Lake Northwest neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 78.0% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 99.9% of the neighborhoods in America.
Also, with a nice mix of college students, safety from crime, and decent walkability, the Virginia Lake Northwest 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 88.6% of the neighborhoods in NV. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.
Real Estate
The Virginia Lake Northwest neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 94.5% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
In addition, most neighborhoods are composed of a mixture of ages of homes, but the Virginia Lake Northwest stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 84.5% of the residential real estate here was built in this one time period.
Furthermore, the real estate in the Virginia Lake Northwest neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 75.3% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 96.0% of American neighborhoods.
Occupations
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Virginia Lake Northwest neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 95.4% of all American neighborhoods.
Diversity
Did you know that the Virginia Lake Northwest neighborhood has more Croatian and Yugoslav ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.3% of this neighborhood's residents have Croatian ancestry and 1.1% have Yugoslav ancestry.
Virginia Lake Northwest is also pretty special linguistically. Significantly, 1.0% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 97.5% of the neighborhoods in America.
Migration / Stability
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the Virginia Lake Northwest neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 95.2% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
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 Virginia Lake Northwest neighborhood in Reno are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 86.7% of U.S. neighborhoods. 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 Virginia Lake Northwest neighborhood, 41.6% 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 38.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (15.8%), and 5.5% in government jobs, whether they are in local, state, or federal positions.
Languages
The most common language spoken in the Virginia Lake Northwest neighborhood is English, spoken by 83.2% of households. Some people also speak Spanish (10.7%).
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 Virginia Lake Northwest neighborhood in Reno, NV, residents most commonly identify their ethnicity or ancestry as German (18.4%). There are also a number of people of Mexican ancestry (12.1%), and residents who report English roots (12.0%), and some of the residents are also of Irish ancestry (11.0%), along with some Asian ancestry residents (4.5%), among others. In addition, 22.6% of the residents of this neighborhood were born in another country.
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 Virginia Lake Northwest neighborhood spend between 15 and 30 minutes commuting one-way to work (44.6% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (63.2%) 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 (6.7%) and 5.5% 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.
