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Far West (Tract 050200)

Richmond, Virginia

FIPS 51760050200

Juniper

Far West (Tract 050200) is in the lowest 17% nationally for FEMA risk score. It also sits in the highest 4% nationally for median income. And it sits in the highest 18% nationally for typical home value.

Typical Home Valuemedian home value (ACS), re-priced to today on the FHFA index

$669,616

Higher than 82% of U.S. tracts
Home Price Growth, Past Five Years

51%

Near the U.S. tracts median
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

17.7

Lower than 83% of U.S. tracts

The basics

Total Population

3,324

Median Age

39.2

Population Density

5,080.95

Home values & property tax

Median Property Tax

$5,487

Property Tax Rateyearly tax as a share of home value

0.97%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

3.28×

Lower than 62% of U.S. tracts
Median Income

$172,275

Higher than 96% of U.S. tracts
Median Rent

$1,962

Higher than 80% of U.S. tracts

Home prices & appreciation

Home Price Growth, Past Year

-0.06%

Lower than 70% of U.S. tracts
Pandemic Price Run-Up2019–20 low → 2022–23 peak

36%

2008 Crash: Peak-to-Trough Drophow far prices fell, 2007 → 2011

6.1%

Climate & weather

Summer Avg High (°F)

86.8

Winter Avg Low (°F)

29.4

Avg Temperature (°F)

58

Hot Days/yr (>90°F)

42.8

Freezing Days/yr (<32°F)

88.2

Annual Precipitation (in)

47.1

Annual Snowfall (in)

8.8

Flood & disaster risk

Coastal Flood Loss per $1,000

$0

The full report

Six pillars — each with percentile benchmarks, 16-year trends, and per-metric detail.

  • People

  • Work & Money

  • Housing

  • Amenities

  • Climate

  • Environment & Risk

Far West (Tract 050200): frequently asked questions

What is the typical home value in Far West (Tract 050200)?
The estimated median home value in Far West (Tract 050200) today is $669,616, higher than 82% of U.S. tracts.
How much is property tax in Far West (Tract 050200)?
The median annual property tax in Far West (Tract 050200) is $5,487, an effective rate of 0.97% of home value.
Is Far West (Tract 050200) expensive to live in?
Homes in Far West (Tract 050200) cost about 3.28× the median household income, lower than 62% of U.S. tracts.
What is the average rent in Far West (Tract 050200)?
The median gross rent in Far West (Tract 050200) is $1,962 a month, higher than 80% of U.S. tracts.
How much have home prices grown in Far West (Tract 050200)?
Home prices in Far West (Tract 050200) have moved 51% over the past five years (-0.06% in the past year), per the FHFA House Price Index.
How many people live in Far West (Tract 050200)?
Far West (Tract 050200) has a population of 3,324, about 5,080.95 people per square mile, per the U.S. Census American Community Survey. The median age is 39.2.
What is the weather like in Far West (Tract 050200)?
Far West (Tract 050200) averages 58°F year-round, summer highs near 86.8°F, winter lows around 29.4°F (NOAA 1991–2020 normals). It sees about 8.8 inches of snow a year.
Is Far West (Tract 050200) at risk of flooding or natural disasters?
Far West (Tract 050200)'s FEMA National Risk Index score is 17.7 (lower than 83% of U.S. tracts). Its greatest modeled natural hazard is inland flooding. Modeled coastal-flood loss is negligible.

Sources: U.S. Census ACS, FEMA National Risk Index, FHFA House Price Index, OpenStreetMap contributors (ODbL), EPA. Explore the map →

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