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Real Estate Prices & Overview

East New London / Connecticut College median real estate price is $243,138, which is less expensive than 90.3% of Connecticut neighborhoods and 70.0% of all U.S. neighborhoods.

The average rental price in East New London / Connecticut College is currently $1,900, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 80.8% of Connecticut neighborhoods.

East New London / Connecticut College is a suburban neighborhood (based on population density) located in New London, Connecticut.

East New London / Connecticut College real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the East New London / Connecticut College neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 6.9% in East New London / Connecticut College. NeighborhoodScout analysis shows that this rate is lower than 54.2% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in New London, the East New London / Connecticut College neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

The East New London / Connecticut College neighborhood stands out nationally for having a greater proportion of its residents active in the military than 99.7% of other U.S. neighborhoods. If you come here, you will notice military people active in their jobs, going to and from work, and in plain clothes out and about the neighborhood.

People

NeighborhoodScout's analysis shows that the East New London / Connecticut College neighborhood has a greater concentration of residents currently enrolled in college than 99.1% of the neighborhoods in the U.S. With 44.4% of the population here attending college, this is very much a college-focused neighborhood.

In addition, one of the really interesting characteristics about the East New London / Connecticut College 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 2.5% of college-friendly places to live in the state of Connecticut.

Modes of Transportation

More people in East New London / Connecticut College choose to walk to work each day (26.0%) 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 East New London / Connecticut College neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the East New London / Connecticut College neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 64.5% 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 97.4% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Real Estate

Renter-occupied real estate is dominant in the East New London / Connecticut College neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 91.3%, which is higher than 97.1% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

Diversity

Did you know that the East New London / Connecticut College neighborhood has more West Indian and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.1% of this neighborhood's residents have West Indian ancestry and 16.8% have Puerto Rican ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the East New London / Connecticut College neighborhood in New London are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 89.5% of U.S. neighborhoods. With 36.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 86.9% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the East New London / Connecticut College neighborhood, 37.2% 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 executive, management, and professional occupations, with 32.5% of the residents employed. Other residents here are employed in the military (22.8%), and 21.6% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the East New London / Connecticut College neighborhood is English, spoken by 74.5% of households. Some people also speak Spanish (19.8%).

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 East New London / Connecticut College neighborhood in New London, CT, residents most commonly identify their ethnicity or ancestry as Puerto Rican (16.8%). There are also a number of people of Irish ancestry (13.6%), and residents who report Italian roots (10.2%), and some of the residents are also of English ancestry (7.5%), along with some German ancestry residents (7.2%), 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 East New London / Connecticut College neighborhood spend under 15 minutes commuting one-way to work (64.5% of working residents), one of the shortest commutes across America.

Here most residents (47.4%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (26.0%) and 5.7% of residents also carpool with coworkers, friends, or neighbors 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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