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Real Estate Prices & Overview

Long Island median real estate price is $838,309, which is more expensive than 94.6% of the neighborhoods in Maine and 85.9% of the neighborhoods in the U.S.

The average rental price in Long Island is currently $2,719, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 88.9% of the neighborhoods in Maine.

Long Island is a rural neighborhood (based on population density) located in Portland, Maine. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Long Island real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Long Island 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 Long Island. The current real estate vacancy rate here is 64.0%. This is higher than the rate of vacancies in 99.6% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (60.9%). 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.

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

Long Island is a neighborhood that is on the ocean, a bay, or inlet. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. In addition to being coastal, Long Island is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of. One of the notable things about Long Island is that it is one of the quietest neighborhoods in America, according to NeighborhoodScout's exclusive analysis and quantitative rating of quietness. When you are here, you will find it to be very quiet. If quiet and peaceful are your cup of tea, you may have found a great place for you.

In addition, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 64.0% of the residential real estate vacant, the Long Island neighborhood claims the distinction of having a higher vacancy rate than 99.6% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

Furthermore, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Long Island neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 72.4% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 99.0% of the neighborhoods in the United States.

Modes of Transportation

If you like to ride a ferry to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 19.9% of the Long Island neighborhood's commuters ride a ferry to and from work each day, which is more than we found in 100.0% of America's neighborhoods.

Occupations

Each year, fewer and fewer Americans make their living as farmers, foresters, or fishers. But the Long Island neighborhood truly stands out among U.S. neighborhoods. According to exclusive NeighborhoodScout analysis, this neighborhood has a greater proportion of farmers, foresters, or fishers than 98.2% of all American neighborhoods. This is truly a unique cultural characteristic of this neighborhood.

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 Long Island neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Long Island neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 11.3% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 96.9% of all neighborhoods in America.

People

Some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 37.6% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 95.9% of U.S. neighborhoods, where the average American neighborhood has 14.1% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.

In addition, think about the people you know personally. How many of them would purchase box seats to opening night at the symphony? How many of them regularly attend gallery openings, or are the first to reserve tickets to opening night at the ballet? If they're like most of us, they don't do any of these things. But if you're among an exclusive crowd of wealthy and refined patrons of the arts, then you'll feel right at home in the Long Island neighborhood: a neighborhood in which more "urban sophisticates" live than 95.0% of neighborhoods across the U.S. Here, your neighbors are defined as having urbane tastes in literature, music, live theatre and the arts. They are wealthy, educated, travel in style, and live a big city lifestyle whether or not they live in or near a big city. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for highly educated executives and active retirees.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Long Island neighborhood buck this trend. 21.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.5% of U.S. neighborhoods.

Diversity

Did you know that the Long Island neighborhood has more Greek and Lebanese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.2% of this neighborhood's residents have Greek ancestry and 2.4% have Lebanese ancestry.

Long Island is also pretty special linguistically. Significantly, 6.8% of its residents five years old and above primarily speak Italian at home. While this may seem like a small percentage, it is higher than 95.7% 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 Long Island neighborhood in Portland are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 66.6% of the neighborhoods in America. In addition, 2.6% 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 72.3% 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 Long Island neighborhood, 55.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 15.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (11.6%), and 10.6% 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 Long Island neighborhood is English, spoken by 94.9% of households. Other important languages spoken here include Italian, Spanish and French.

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 Long Island neighborhood in Portland, ME, residents most commonly identify their ethnicity or ancestry as Irish (23.6%). There are also a number of people of English ancestry (19.6%), and residents who report German roots (9.3%), and some of the residents are also of Swedish ancestry (7.0%), along with some Italian ancestry residents (6.2%), 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 Long Island neighborhood spend under 15 minutes commuting one-way to work (34.9% of working residents), one of the shortest commutes across America. However, there is also a significant group of residents (11.3%) who commute over an hour in each direction.

Here most residents (31.4%) drive alone in a private automobile to get to work. In addition, quite a number also ride a ferry to get to work (19.9%) and 9.4% 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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