Bon Air, Virginia Details

Overview of Bon Air, Virginia

There was a small settlement at the site as early as 1864. It soon developed into a health resort for Richmond’s wealthier residents. The cleaner air in the country drew people out of the city for holidays. Part of the community is a National Historic District because of its many 19th and 20th century Victorian homes.

Most of the housing stock is much newer than this, but still tends to be rather old. Older architectural styles dominate as well. The income, demographic, and housing characteristics of this community all point to it being a solid, middle-class suburb.

Economic and Demographic Characteristics

This is a middle-class community now, and the housing stock reflects this. While there are apartments for rent, most residents live in medium or large homes. Bon Air has more 4- and 5-bedroom homes than 96% of neighborhoods in the United States. There are quite a few smaller homes, but also a few that have even more than five bedrooms.

The home styles are diverse, but stick style, Queen Anne, and Late Victorian styles are common. In spite of its history as a resort, most of the homes are only moderately old, built between 1940 and 1969.

Economic statistics show that this is a largely middle-class community. The median income for households was $72,124 in 2015, a substantial increase from $57,893 in 2010, for example. The poverty rate that year was an exceptionally low 1.8%. Those numbers suggest a community that is very popular with middle-class families.

The median real estate price of $217,123 ($271,055 for detached homes) here places the community above 71% of neighborhoods in the United States and below the average of $257,800 for the Commonwealth as a whole. The average rent is well above the national average of $1,537 as well. The average home value more than doubled between 2000 and 2015. Whether owned or rented, homes here are popular enough to keep the vacancy rate below 4%.

The community further stands out from the average neighborhood in at least two ways. More people over 5 speak Polish as their primary language than almost any other neighborhood in the country. There is also a Japanese-language weekend school. The residents are from diverse cultural backgrounds, with large minorities from Poland, Ireland, and Germany.

In 2010, the population was 16,366, an increase of only 0.9% from 2000. The population is mostly composed of owners who vary widely in age, rather than tending toward being older or younger. But, the residents are well educated. In 2010, 46.3% of residents age 25 and over had at least a Bachelor’s degree. The median age was 42 years in 2010, somewhat older than the Commonwealth’s median age of 38.2.

In addition to cultural and religious diversity, this community offers access to a wide range of attractions by virtue of being near to Richmond and other middle-class and upper-class suburbs.

Area Attractions

As a suburb of Richmond, residents of this CDP have access to many recreational, work, and education opportunities in the city and in other close-in suburbs. Virginia Commonwealth University, Strayer University, and University of Richmond are all within 10 miles or so.

Chesterfield County is home to many parochial and private schools, three of which lie within the CDP. One of the few Japanese language weekend schools in the region is also in Bon Air.

The community, the northern suburbs of Richmond, and the city itself are served by a variety of houses of worship as well. Presbyterian, Methodist, Episcopal, and Baptist churches lie within the community. Most Protestant denominations have churches in Chesterfield County. There is the Islamic Center of Richmond and a couple of synagogues.

The location puts residents close to many churches, schools, museums, and parks. Midlothian and other nearby towns and CBP’s host city parks and recreation areas. The James River, which runs nearby through Henrico County and the city of Richmond is a scenic attraction.

Contact us for a comprehensive market analysis of your rental property.

Bon Air Property Management

Our property management team specializes in residential areas throughout Bon Air, VA. We offer multiple services to take your rental property and convert it into reliable income. We have a thorough screening process that helps to identify the right tenants for your property. Our team works hard to keep both parties happy through effective communication, bullet proof lease agreements, and timely monthly rent collection. We offer maintenance services to enhance the property and ensure that it will retain or increase in value. We oversee everything, allowing you to sit back and relax and know that your property and your tenants are in good hands.

Contact us today if you are ready to receive a comprehensive analysis of your rental property and to inquire about our Bon Air area property management services.