Greenwood / Oakwood Forest median real estate price is $244,613, which is less expensive than 82.6% of Virginia neighborhoods and 71.5% of all U.S. neighborhoods.
The average rental price in Greenwood / Oakwood Forest is currently $1,938, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 66.0% of Virginia neighborhoods.
Greenwood / Oakwood Forest is a remote neighborhood (based on population density) located in Covington, Virginia.
Greenwood / Oakwood Forest real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Greenwood / Oakwood Forest 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.
Greenwood / Oakwood Forest has a 14.3% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 76.2% 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.
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.
In a nation where 1 out of every 4 children lives in poverty, the Greenwood / Oakwood Forest neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, of particular note, 2.3% of the people in the Greenwood / Oakwood Forest neighborhood currently reside in a correction facility, held due to punishment for a crime.
This neighborhood has wide open spaces, few people, and lots of space to stretch out. If you like locations that fit that description, you may like this neighborhood. Based on NeighborhoodScout's exclusive analysis, with only 20 people per square mile living here, this neighborhood is less crowded than 94.7% of America. One of the notable things about Greenwood / Oakwood Forest is that it is one of the quietest neighborhoods in America, according to NeighborhoodScout's exclusive analysis and quantitative rating of quietness. When you are here, you will find it to be very quiet. If quiet and peaceful are your cup of tea, you may have found a great place for you.
NeighborhoodScout's exclusive research identifies the Greenwood / Oakwood Forest 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 42.1% of its working residents employed in such fields, which is a higher proportion than 95.4% of American neighborhoods.
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 Greenwood / Oakwood Forest neighborhood in Covington are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 65.0% 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.
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 Greenwood / Oakwood Forest neighborhood, 42.1% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 23.3% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (17.3%), and 17.2% in clerical, assistant, and tech support occupations.
The most common language spoken in the Greenwood / Oakwood Forest neighborhood is English, spoken by 99.7% of households. Some people also speak Italian (3.4%).
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 Greenwood / Oakwood Forest neighborhood in Covington, VA, residents most commonly identify their ethnicity or ancestry as English (9.8%). There are also a number of people of German ancestry (8.6%), and residents who report Irish roots (6.9%), and some of the residents are also of Italian ancestry (5.9%), along with some British ancestry residents (1.9%), 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 Greenwood / Oakwood Forest neighborhood spend between 15 and 30 minutes commuting one-way to work (50.1% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (88.9%) 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 (6.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.