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Real Estate Prices & Overview

Five Points / Newark median real estate price is $322,260, which is more expensive than 63.2% of the neighborhoods in Michigan and 41.8% of the neighborhoods in the U.S.

The average rental price in Five Points / Newark is currently $1,616, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 49.5% of Michigan neighborhoods.

Five Points / Newark is a rural neighborhood (based on population density) located in Holly, Michigan.

Five Points / Newark real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Five Points / Newark neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Five Points / Newark are 4.1%, which is lower than one will find in 71.3% of American neighborhoods. Demand for real estate in Five Points / Newark is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

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.

Diversity

Did you know that the Five Points / Newark neighborhood has more Polish and Finnish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 10.8% of this neighborhood's residents have Polish ancestry and 1.0% have Finnish ancestry.

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 Five Points / Newark neighborhood in Holly are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 69.3% of the neighborhoods in America. With 19.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 68.6% 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 Five Points / Newark neighborhood, 41.8% 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 23.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (19.1%), and 15.5% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Five Points / Newark neighborhood is English, spoken by 95.9% of households. Some people also speak Spanish (2.2%).

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 Five Points / Newark neighborhood in Holly, MI, residents most commonly identify their ethnicity or ancestry as German (16.5%). There are also a number of people of Irish ancestry (11.1%), and residents who report Polish roots (10.8%), and some of the residents are also of English ancestry (7.9%), along with some Italian 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 Five Points / Newark neighborhood spend between 30 and 45 minutes commuting one-way to work (31.4% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (82.6%) drive alone in a private automobile to get to work. 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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