New Town median real estate price is $754,934, which is more expensive than 81.3% of the neighborhoods in Florida and 79.7% of the neighborhoods in the U.S.
The average rental price in New Town is currently $3,942, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 93.2% of the neighborhoods in Florida.
New Town is a suburban neighborhood (based on population density) located in Key West, Florida.
New Town real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes. Most of the residential real estate is renter occupied. Many of the residences in the New Town neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in New Town. The current real estate vacancy rate here is 18.7%. This is higher than the rate of vacancies in 86.7% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (9.9%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, 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 Key West, the New Town neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 10.2% of residents in the New Town neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 99.7% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
With 10.8% of employed workers living in the New Town neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 99.5% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.
Many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the New Town neighborhood could be your paradise. With 25.3% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 4.5% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.
Did you know that the New Town neighborhood has more Cuban and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 10.3% of this neighborhood's residents have Cuban ancestry and 3.1% have Haitian ancestry.
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 New Town neighborhood in Key West are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 70.1% of the neighborhoods in America. In addition, 1.3% 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 77.4% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the New Town neighborhood, 35.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 30.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.1%), and 16.3% in manufacturing and laborer occupations.
The most common language spoken in the New Town neighborhood is English, spoken by 77.6% of households. Some people also speak Spanish (16.5%).
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the New Town neighborhood in Key West, FL, residents most commonly identify their ethnicity or ancestry as Cuban (10.3%). There are also a number of people of Irish ancestry (8.8%), and residents who report German roots (7.8%), and some of the residents are also of English ancestry (6.9%), along with some Italian ancestry residents (3.8%), among others. In addition, 17.0% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in New Town neighborhood spend under 15 minutes commuting one-way to work (51.8% of working residents), one of the shortest commutes across America.
Here most residents (61.4%) 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 (14.7%) and 10.2% of residents also bicycle 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.