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Real Estate Prices & Overview

Falls Mills median real estate price is $125,155, which is less expensive than 95.5% of Virginia neighborhoods and 90.9% of all U.S. neighborhoods.

The average rental price in Falls Mills is currently $985, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 98.7% of Virginia neighborhoods.

Falls Mills is a rural neighborhood (based on population density) located in Bluefield, Virginia.

Falls Mills real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more 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 Falls Mills neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Falls Mills has a 10.8% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 64.9% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Bluefield, the Falls Mills neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Diversity

Did you know that the Falls Mills neighborhood has more Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 8.5% of this neighborhood's residents have Haitian ancestry.

Falls Mills is also pretty special linguistically. Significantly, 7.3% of its residents five years old and above primarily speak Italian at home. While this may seem like a small percentage, it is higher than 96.3% 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 Falls Mills neighborhood in Bluefield are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 88.1% of U.S. neighborhoods. With 32.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 83.6% 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 Falls Mills neighborhood, 31.2% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 29.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (21.8%), and 17.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Falls Mills neighborhood is English, spoken by 99.5% of households. Some people also speak Italian (7.3%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Falls Mills neighborhood in Bluefield, VA, residents most commonly identify their ethnicity or ancestry as Irish (10.4%). There are also a number of people of German ancestry (9.8%), and residents who report English roots (8.9%), and some of the residents are also of Haitian ancestry (8.5%), along with some Italian ancestry residents (3.0%), among others.

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 Falls Mills neighborhood spend under 15 minutes commuting one-way to work (42.3% of working residents), one of the shortest commutes across America.

Here most residents (82.7%) drive alone in a private automobile to get to work. 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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