The Neighborhood Scoop: Shadowlawn | Chantel Ray Real Estate

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The Neighborhood Scoop: Shadowlawn

Shadowlawn is a waterfront neighborhood that locals and visitors absolutely love. Recreational activities or just checking out the scenery is a local favorite. This neighborhood has a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.


REAL ESTATE

Shadowlawn is a coastal neighborhood that has a median real estate price of $527,281, which is more expensive than 84.3% of the neighborhoods in Virginia and 86.3% of the neighborhoods in the U.S.

The average rental price is currently $1,393, based on NeighborhoodScout’s exclusive analysis. Rents here are currently lower in price than 48.6% of Virginia neighborhoods.

The real estate here is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

The current real estate vacancy rate here is 18.4%. This is higher than the rate of vacancies in 82.6% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (13.2%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.


CHECK OUT THIS FREE REPORT OF THE HOMES IN AND AROUND THIS AMAZING NEIGHBORHOOD RIGHT HERE!