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Real Estate Prices & Overview

Central Connecticut State University median real estate price is $318,426, which is less expensive than 79.8% of Connecticut neighborhoods and 58.8% of all U.S. neighborhoods.

The average rental price in Central Connecticut State University is currently $2,304, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 64.6% of Connecticut neighborhoods.

Central Connecticut State University is an urban neighborhood (based on population density) located in New Britain, Connecticut.

Central Connecticut State University real estate is primarily made up of small (studio to two bedroom) apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Central Connecticut State University neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 2000 and the present.

In Central Connecticut State University, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Central Connecticut State University is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Real Estate

100.0% of the real estate in the Central Connecticut State University neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America. This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Central Connecticut State University neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.

In addition, most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the 'Baby Boom' generation (1945 - 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the Central Connecticut State University neighborhood, is that an incredible 100.0% of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.

Furthermore, one of the really unique and interesting things about the look and setting of the Central Connecticut State University neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 100.0% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 99.9% of all neighborhoods in America.

Also of note, the Central Connecticut State University neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 100.0% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

People

In a nation where 1 out of every 4 children lives in poverty, the Central Connecticut State University neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, the rate of college educated adults in the Central Connecticut State University neighborhood is a unique characteristic of the neighborhood. 100.0% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 35.7% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 100.0% of all U.S. neighborhoods.

Also, one of the really interesting characteristics about the Central Connecticut State University neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 0.6% of college-friendly places to live in the state of Connecticut.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Central Connecticut State University neighborhood buck this trend. 100.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 100.0% of U.S. neighborhoods.

Occupations

There are more people living in the Central Connecticut State University neighborhood employed as sales and service workers (49.4%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

Modes of Transportation

More people in Central Connecticut State University choose to walk to work each day (11.2%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Central Connecticut State University neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Central Connecticut State University neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 58.5% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 95.5% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Diversity

Did you know that the Central Connecticut State University neighborhood has more French Canadian and Portuguese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.0% of this neighborhood's residents have French Canadian ancestry and 3.0% have Portuguese ancestry.

Central Connecticut State University is also pretty special linguistically. Significantly, 1.1% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 97.7% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Central Connecticut State University neighborhood in New Britain are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 100.0% of U.S. neighborhoods. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Central Connecticut State University neighborhood, 50.6% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 19.1% of the residents employed. Other residents here are employed in executive, management, and professional occupations (16.0%), and 14.3% in manufacturing and laborer occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Central Connecticut State University neighborhood is English, spoken by 73.6% of households. Other important languages spoken here include Spanish, French, Chinese and Polish.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Central Connecticut State University neighborhood in New Britain, CT, residents most commonly identify their ethnicity or ancestry as Irish (14.6%). There are also a number of people of Italian ancestry (11.4%), and residents who report Asian roots (5.8%), and some of the residents are also of Polish ancestry (5.3%), along with some South American ancestry residents (5.3%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Central Connecticut State University neighborhood spend under 15 minutes commuting one-way to work (58.5% of working residents), one of the shortest commutes across America.

Here most residents (53.6%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (16.6%) and 11.2% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.

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