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Real Estate Prices & Overview

Harbor Lower Thames / Downtown median real estate price is $991,869, which is more expensive than 93.0% of the neighborhoods in Rhode Island and 90.1% of the neighborhoods in the U.S.

The average rental price in Harbor Lower Thames / Downtown is currently $2,825, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 72.6% of the neighborhoods in Rhode Island.

Harbor Lower Thames / Downtown is an urban neighborhood (based on population density) located in Newport, Rhode Island. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Harbor Lower Thames / Downtown 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 Harbor Lower Thames / Downtown 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 Harbor Lower Thames / Downtown. The current real estate vacancy rate here is 28.2%. This is higher than the rate of vacancies in 94.7% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (17.0%). 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

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

Harbor Lower Thames / Downtown 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, Harbor Lower Thames / Downtown 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.

In addition, three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Harbor Lower Thames / Downtown neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 36.9% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 96.6% of America's neighborhoods.

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 77.8% of the residential real estate in the Harbor Lower Thames / Downtown neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 99.5% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

People

In a nation where 1 out of every 4 children lives in poverty, the Harbor Lower Thames / Downtown neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

Occupations

There are more people living in the Harbor Lower Thames / Downtown neighborhood employed as sales and service workers (55.2%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

Modes of Transportation

In the Harbor Lower Thames / Downtown neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 14.4% of residents here. This is a higher proportion of walking commuters than we found in 97.0% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Harbor Lower Thames / Downtown neighborhood have a highly unusual car ownership. 24.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.2% of U.S. neighborhoods.

Diversity

Did you know that the Harbor Lower Thames / Downtown neighborhood has more Irish and Portuguese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 37.5% of this neighborhood's residents have Irish ancestry and 4.7% have Portuguese ancestry.

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 Harbor Lower Thames / Downtown neighborhood. In the Harbor Lower Thames / Downtown neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 95.3% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

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 Harbor Lower Thames / Downtown neighborhood in Newport are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 43.2% of the neighborhoods in America. In addition, 0.0% 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 100.0% 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 Harbor Lower Thames / Downtown neighborhood, 44.8% 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 40.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (12.2%), and 2.4% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Harbor Lower Thames / Downtown neighborhood is English, spoken by 92.6% of households. Some people also speak Spanish (3.8%).

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 Harbor Lower Thames / Downtown neighborhood in Newport, RI, residents most commonly identify their ethnicity or ancestry as Irish (37.5%). There are also a number of people of English ancestry (12.3%), and residents who report French roots (9.9%), and some of the residents are also of Italian ancestry (8.8%), along with some German ancestry residents (8.3%), 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 Harbor Lower Thames / Downtown neighborhood spend between 15 and 30 minutes commuting one-way to work (29.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (51.4%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (14.4%) and 8.6% 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.


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