Newmarket Business Park / Cumberland Business Park median real estate price is $715,438, which is more expensive than 91.1% of the neighborhoods in Georgia and 81.1% of the neighborhoods in the U.S.
The average rental price in Newmarket Business Park / Cumberland Business Park is currently $2,558, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 64.1% of the neighborhoods in Georgia.
Newmarket Business Park / Cumberland Business Park is a suburban neighborhood (based on population density) located in Marietta, Georgia.
Newmarket Business Park / Cumberland Business Park 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 Newmarket Business Park / Cumberland Business Park neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Home and apartment vacancy rates are 7.5% in Newmarket Business Park / Cumberland Business Park. NeighborhoodScout analysis shows that this rate is lower than 51.0% of the neighborhoods in the nation, approximately near the middle range for vacancies.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
Real Estate
Renter-occupied real estate is dominant in the Newmarket Business Park / Cumberland Business Park neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 100.0%, which is higher than 99.3% 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.
In addition, the real estate in the Newmarket Business Park / Cumberland Business Park neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 95.0% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.0% of American neighborhoods.
Furthermore, most neighborhoods are composed of a mixture of ages of homes, but the Newmarket Business Park / Cumberland Business Park stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 88.8% of the residential real estate here was built in this one time period.
Also of note, the Newmarket Business Park / Cumberland Business Park 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 84.9% 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
Newmarket Business Park / Cumberland Business Park has the amazing distinction of housing more same sex couples living together than 98.5% of neighborhoods in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's analysis shows that this is one place that you should consider.
In addition, neighborhoodScout's analysis shows that the Newmarket Business Park / Cumberland Business Park neighborhood has a greater concentration of residents currently enrolled in college than 95.3% of the neighborhoods in the U.S. With 11.2% of the population here attending college, this is very much a college-focused neighborhood.
Modes of Transportation
Our research shows that more people carpool to work here in the Newmarket Business Park / Cumberland Business Park (22.9%) than in 95.8% of the neighborhoods in America.
Occupations
With 1.6% of employed workers living in the Newmarket Business Park / Cumberland Business Park neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 95.4% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.
Diversity
Did you know that the Newmarket Business Park / Cumberland Business Park neighborhood has more Brazilian and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 12.9% of this neighborhood's residents have Brazilian ancestry and 9.9% have Jamaican ancestry.
Newmarket Business Park / Cumberland Business Park is also pretty special linguistically. Significantly, 8.0% 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 99.6% of the neighborhoods in America.
Migration / Stability
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Newmarket Business Park / Cumberland Business Park neighborhood. In the Newmarket Business Park / Cumberland Business Park neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 95.5% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
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 Newmarket Business Park / Cumberland Business Park neighborhood in Marietta are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 81.6% of U.S. neighborhoods. With 32.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 83.2% of U.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 Newmarket Business Park / Cumberland Business Park neighborhood, 31.8% 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 27.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (24.7%), and 15.7% in clerical, assistant, and tech support 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 Newmarket Business Park / Cumberland Business Park neighborhood is English, spoken by 73.6% of households. Other important languages spoken here include Portuguese, Spanish and African languages.
Ethnicity / Ancestry
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 Newmarket Business Park / Cumberland Business Park neighborhood in Marietta, GA, residents most commonly identify their ethnicity or ancestry as Brazilian (12.9%). There are also a number of people of Jamaican ancestry (9.9%), and residents who report Sub-Saharan African roots (8.2%), and some of the residents are also of Asian ancestry (4.5%), along with some German ancestry residents (4.3%), among others. In addition, 24.3% 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 Newmarket Business Park / Cumberland Business Park neighborhood spend between 15 and 30 minutes commuting one-way to work (38.7% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (63.2%) 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 (22.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
