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Far West (Tract 050400)

Richmond, Virginia

FIPS 51760050400

Juniper

Far West (Tract 050400) is in the lowest 19% nationally for FEMA risk score. It also sits in the highest 3% nationally for median income. And it sits in the highest 7% nationally for typical home value.

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

$1,015,714

Higher than 93% of U.S. tracts
Home Price Growth, Past Five Years

58%

Higher than 67% of U.S. tracts
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

19.3

Lower than 81% of U.S. tracts

The basics

Total Population

2,956

Median Age

42.8

Population Density

4,046.38

Home values & property tax

Median Property Tax

$8,292

Property Tax Rateyearly tax as a share of home value

1.1%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

4.3×

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

$183,906

Higher than 97% of U.S. tracts

Home prices & appreciation

Home Price Growth, Past Year

6.2%

Higher than 68% of U.S. tracts
Pandemic Price Run-Up2019–20 low → 2022–23 peak

38%

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

7%

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 050400): frequently asked questions

What is the typical home value in Far West (Tract 050400)?
The estimated median home value in Far West (Tract 050400) today is $1,015,714, higher than 93% of U.S. tracts.
How much is property tax in Far West (Tract 050400)?
The median annual property tax in Far West (Tract 050400) is $8,292, an effective rate of 1.1% of home value.
Is Far West (Tract 050400) expensive to live in?
Homes in Far West (Tract 050400) cost about 4.3× the median household income, higher than 62% of U.S. tracts.
How much have home prices grown in Far West (Tract 050400)?
Home prices in Far West (Tract 050400) have moved 58% over the past five years (6.2% in the past year), per the FHFA House Price Index.
How many people live in Far West (Tract 050400)?
Far West (Tract 050400) has a population of 2,956, about 4,046.38 people per square mile, per the U.S. Census American Community Survey. The median age is 42.8.
What is the weather like in Far West (Tract 050400)?
Far West (Tract 050400) 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 050400) at risk of flooding or natural disasters?
Far West (Tract 050400)'s FEMA National Risk Index score is 19.3 (lower than 81% 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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