Overlook median real estate price is $273,505, which is less expensive than 89.5% of Connecticut neighborhoods and 67.0% of all U.S. neighborhoods.
The average rental price in Overlook is currently $2,033, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 81.6% of Connecticut neighborhoods.
Overlook is a densely urban neighborhood (based on population density) located in Waterbury, Connecticut.
Overlook real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Overlook neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Overlook. The current real estate vacancy rate here is 15.6%. This is higher than the rate of vacancies in 81.2% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.
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 Waterbury, the Overlook neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
In the Overlook neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 27.2% of commuters carpool here, which is more than in 97.8% of all U.S. neighborhoods.
The Overlook neighborhood has a greater proportion of government workers living in it than 97.7% of the neighborhoods in America, according to NeighborhoodScout's exclusive analysis. This is a unique feature of this neighborhood, and one that shapes its character.
Corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the Overlook neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 41.2% of the real estate here is made up of such dwellings, which is higher than 97.4% of all U.S. neighborhoods.
In addition, being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Overlook neighborhood is one of the most walkable neighborhoods in America.
Furthermore, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 58.5% of the residential real estate in the Overlook neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 96.3% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
American households most often have a car, and regularly they have two or three. But households in the Overlook neighborhood buck this trend. 27.9% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.8% of U.S. neighborhoods.
There is an especially high percentage of incarcerated people (1.2%) living in the Overlook neighborhood.
Did you know that the Overlook neighborhood has more Jamaican and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 16.8% of this neighborhood's residents have Jamaican ancestry and 9.7% have Dominican ancestry.
Overlook is also pretty special linguistically. Significantly, 1.3% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 95.9% of the neighborhoods in America.
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 Overlook neighborhood in Waterbury are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 84.7% of U.S. neighborhoods. With 41.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 90.3% of U.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 Overlook neighborhood, 34.4% of the working population is employed in clerical, assistant, and tech support occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 33.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (17.6%), and 16.0% in government jobs, whether they are in local, state, or federal positions.
Languages
The most common language spoken in the Overlook neighborhood is English, spoken by 66.4% of households. Some people also speak Spanish (26.7%).
Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Overlook neighborhood in Waterbury, CT, residents most commonly identify their ethnicity or ancestry as Jamaican (16.8%). There are also a number of people of Dominican ancestry (9.7%), and residents who report Mexican roots (8.8%), and some of the residents are also of Puerto Rican ancestry (8.3%), along with some Italian ancestry residents (5.3%), among others. In addition, 25.5% of the residents of this neighborhood were born in another country.
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 Overlook neighborhood spend between 15 and 30 minutes commuting one-way to work (44.4% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (49.5%) 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 (27.2%) and 5.7% of residents also ride the bus 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.
