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Real Estate Prices & Overview

Calvert Square median real estate price is $274,372, which is less expensive than 77.4% of Virginia neighborhoods and 66.8% of all U.S. neighborhoods.

The average rental price in Calvert Square is currently $943, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 98.8% of Virginia neighborhoods.

Calvert Square is an urban neighborhood (based on population density) located in Norfolk, Virginia.

Calvert Square 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 townhomes. Most of the residential real estate is renter occupied. Many of the residences in the Calvert Square neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In Calvert Square, the current vacancy rate is 2.5%, which is a lower rate of vacancies than 82.2% of all neighborhoods in the U.S. This means that the housing supply in Calvert Square is very tight compared to the demand for property here.

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.

People

The Calvert Square neighborhood stands out for having an average per capita income lower than 99.9% of the neighborhoods in the United States. Also of note, 97.9% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

In addition, whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the Calvert Square neighborhood has more single mother households than 99.8% of the neighborhoods in the U.S. Often high concentrations of single mother homes can be a strong indicator of family and social issues such as poverty, high rates of school dropouts, crime, and other societal problems.

Modes of Transportation

In the Calvert Square neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 47.4% of commuters carpool here, which is more than in 99.9% of all U.S. neighborhoods.

Also, more people in Calvert Square choose to walk to work each day (11.3%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Occupations

NeighborhoodScout's exclusive research identifies the Calvert Square neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 49.1% of its working residents employed in such fields, which is a higher proportion than 98.7% of American neighborhoods.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Calvert Square neighborhood buck this trend. 43.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.3% of U.S. neighborhoods.

Real Estate

Renter-occupied real estate is dominant in the Calvert Square neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 93.8%, which is higher than 97.8% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

In addition, the real estate in the Calvert Square 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, 73.0% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 95.6% of American neighborhoods.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Calvert Square neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 60.9% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 96.4% of U.S. neighborhoods. Less time commuting means more time for other things in life.

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 Calvert Square neighborhood in Norfolk are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.9% of U.S. neighborhoods. With 97.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.9% of U.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 Calvert Square neighborhood, 49.1% 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 33.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.9%).

Languages

The most common language spoken in the Calvert Square neighborhood is English, spoken by 92.3% of households. Some people also speak Spanish (7.0%).

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 Calvert Square neighborhood in Norfolk, VA, residents most commonly identify their ethnicity or ancestry as Irish (2.7%).

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 Calvert Square neighborhood spend under 15 minutes commuting one-way to work (60.9% of working residents), one of the shortest commutes across America.

Here most residents (47.4%) carpool with coworkers, friends, or neighbors to get to work. In addition, quite a number also drive alone in a private automobile to get to work (34.1%) and 11.3% of residents also hop out the door and walk to work for their daily commute. Despite relying on the automobile to get to work, residents of this neighborhood share the ride more than most neighborhoods, reducing traffic, pollution, and saving money.


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