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Far West (Tract 050500)

Richmond, Virginia

FIPS 51760050500

Juniper

Far West (Tract 050500) is in the lowest 22% nationally for FEMA risk score. It also sits in the highest 11% nationally for median income. And it sits in the highest 14% nationally for typical home value.

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

$752,691

Higher than 86% of U.S. tracts
Home Price Growth, Past Five Years

55%

Higher than 60% of U.S. tracts
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

22.5

Lower than 78% of U.S. tracts

The basics

Total Population

4,861

Median Age

21.6

Population Density

2,963.02

Home values & property tax

Median Property Tax

$6,236

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

$136,750

Higher than 89% of U.S. tracts
Median Rent

$1,669

Higher than 67% of U.S. tracts

Home prices & appreciation

Home Price Growth, Past Year

3.7%

Near the U.S. tracts median
Pandemic Price Run-Up2019–20 low → 2022–23 peak

42%

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

10%

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)

14.7

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 050500): frequently asked questions

What is the typical home value in Far West (Tract 050500)?
The estimated median home value in Far West (Tract 050500) today is $752,691, higher than 86% of U.S. tracts.
How much is property tax in Far West (Tract 050500)?
The median annual property tax in Far West (Tract 050500) is $6,236, an effective rate of 1.1% of home value.
Is Far West (Tract 050500) expensive to live in?
Homes in Far West (Tract 050500) cost about 4.3× the median household income, higher than 62% of U.S. tracts.
What is the average rent in Far West (Tract 050500)?
The median gross rent in Far West (Tract 050500) is $1,669 a month, higher than 67% of U.S. tracts.
How much have home prices grown in Far West (Tract 050500)?
Home prices in Far West (Tract 050500) have moved 55% over the past five years (3.7% in the past year), per the FHFA House Price Index.
How many people live in Far West (Tract 050500)?
Far West (Tract 050500) has a population of 4,861, about 2,963.02 people per square mile, per the U.S. Census American Community Survey. The median age is 21.6.
What is the weather like in Far West (Tract 050500)?
Far West (Tract 050500) averages 58°F year-round, summer highs near 86.8°F, winter lows around 29.4°F (NOAA 1991–2020 normals). It sees about 14.7 inches of snow a year.
Is Far West (Tract 050500) at risk of flooding or natural disasters?
Far West (Tract 050500)'s FEMA National Risk Index score is 22.5 (lower than 78% 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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