The Belvedere / Gaslight Square median real estate price is $1,192,726, which is more expensive than 94.4% of the neighborhoods in Virginia and 92.9% of the neighborhoods in the U.S.
The average rental price in The Belvedere / Gaslight Square is currently $4,002, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 91.9% of the neighborhoods in Virginia.
The Belvedere / Gaslight Square is a densely urban neighborhood (based on population density) located in Arlington, Virginia.
The Belvedere / Gaslight 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the The Belvedere / Gaslight Square neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
The Belvedere / Gaslight Square has a 11.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 68.5% 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 The Belvedere / Gaslight Square neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 51.5% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 99.3% of U.S. neighborhoods, where the average American neighborhood has 13.7% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.
The real estate in the The Belvedere / Gaslight 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, 98.0% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.6% of American neighborhoods.
In addition, the The Belvedere / Gaslight Square 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 92.5% 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.
Furthermore, the The Belvedere / Gaslight Square neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 38,269 persons per square mile in the neighborhood, it is more packed with people than 97.8% of the nation's neighborhoods.
The The Belvedere / Gaslight Square neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 99.2% of the neighborhoods in America. In fact, 81.8% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.
Furthermore, the government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the The Belvedere / Gaslight Square neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 15.9% of its workforce, this neighborhood has a greater concentration of government workers than 97.7% of U.S. neighborhoods.
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 27.3% of the The Belvedere / Gaslight Square neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.1% of America's neighborhoods.
Also, a unique way of commuting is simply not to. And in the The Belvedere / Gaslight Square neighborhood, analysis shows that 31.9% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 95.9% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.
Finally, more people in The Belvedere / Gaslight Square choose to walk to work each day (11.2%) 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.
Did you know that the The Belvedere / Gaslight Square neighborhood has more Iranian and Lebanese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.2% of this neighborhood's residents have Iranian ancestry and 1.7% have Lebanese ancestry.
The Belvedere / Gaslight Square is also pretty special linguistically. Significantly, 3.3% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 97.0% of the neighborhoods in America.
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 The Belvedere / Gaslight Square neighborhood in Arlington are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 84.8% of the neighborhoods in America. 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 The Belvedere / Gaslight Square neighborhood, 81.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is government jobs, whether they are in local, state, or federal positions, with 15.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (7.5%), and 6.3% in clerical, assistant, and tech support occupations.
Languages
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the The Belvedere / Gaslight Square neighborhood is English, spoken by 64.5% of households. Other important languages spoken here include Spanish and Arabic.
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 The Belvedere / Gaslight Square neighborhood in Arlington, VA, residents most commonly identify their ethnicity or ancestry as Asian (16.4%). There are also a number of people of German ancestry (14.7%), and residents who report Irish roots (12.0%), and some of the residents are also of French ancestry (7.4%), along with some English ancestry residents (6.0%), among others. In addition, 27.5% 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 The Belvedere / Gaslight Square neighborhood spend between 15 and 30 minutes commuting one-way to work (32.9% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (27.3%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (22.0%) and 11.2% of residents also hop out the door and walk to work for their daily commute. This neighborhood is distinguished by the high number of residents who take the train to work each day, which can be a very good way to get to work at a lower cost and with less pollution.
