Wyndham, Virginia Details

About the Area

Wyndham is about 99 miles south of Washington, DC. The community lies west of Williamsburg, east of Charlottesville, and only a few miles west of Richmond’s central business district. The main geographic feature of the area would have to be the James River, which winds through the suburbs and part of Richmond. As a newer community, most of the architecture is modern, though there may be a few buildings with colonial or Federal-style features that mimic some of the historic buildings in Richmond.

The community stands out from other places in Virginia in several ways. What should stand out first is the size of the homes, which mostly have three to five bedrooms. The large homes hint at the neighborhood’s affluence. As noted below, the household income is very high, higher in fact than 97% of neighborhoods in the United States. This affluence also makes for one of the wealthiest neighborhoods in the state, home to several affluent Washington, DC suburbs.

More Greek speakers live here than in any other neighborhood in Virginia. While only 3.4% of the population speaks Greek as a first language, which is a huge percentage relative to most other neighborhoods in the country. Tiny, but unusually large numbers of residents hail from Greek and Austria.

The socioeconomic and demographic makeup of the neighborhood are generally what you would expect in an upscale urban neighborhood.

Community Characteristics

The population in 2010 was approximately 9,800. As a small bedroom community in the Richmond metropolitan area, the community is primarily interesting to residents because of its proximity to the city. A foundation administers a Web site serving the planned community and its residents. The demographics of this bedroom community are similar to many suburbs, as is the available housing stock, but there are some important differences.

This is also one of the most educated places in the country. Nationwide, about 23% of adults have at least a bachelor’s degree, as compared with two-thirds of Wyndham’s residents. Many of those residents also have graduate or professional degrees. The age distribution of residents reflects the neighborhoods high population of university-educated citizens.

This bedroom community skews toward middle age and a higher household income, with 58% of the population being 25-64. The community is also affluent, with an average household income of $138,613 in 2017. That figure makes residents better off than most of the United States. Housing costs reflect the community’s affluence.

Housing is relatively expensive, with the median home value being $452,500 in 2017. Most of the homes were built between 1970 and 1999, so most homes are neither old nor particularly new. The median rent was $2,037 in 2017 as well. Both figures put Wyndham among the most expensive 255 of all neighborhoods in the Commonwealth and in the United States. As a popular neighborhood, housing demand is healthy. Approximately 6.8% of housing is vacant at a time, a percent below nearly two-thirds of neighborhoods in the United States. Most of those occupied housing units are owner-occupied instead of rental properties.

Area Attractions

The community’s proximity to Richmond puts residents close to many state government offices and close to many historical landmarks. Richmond is the oldest major city in the Commonwealth and one of the oldest large cities in the United States. On a practical level, being so close to the city offers an easy commute to major private sector employers like Phillip Morris USA and Capitol One and to the University of Richmond, Virginia Commonwealth University, and Strayer University. Appliance manufacturer Hamilton Beach has its headquarters next door in Glen Allen as well. The community itself is a small residential community with limited facilities, but the larger West End area is close to seven city parks.

Call us for a comprehensive market analysis of your Henrico County property.

Wyndham Property Management

Our property management team specializes in residential areas throughout Wyndham, 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 Wyndham area property management services.