Real Estate Prices and Overview
Iranistan Ave / Fairfield Ave median real estate prices are $162,955, which is less expensive than 82.2% of Connecticut neighborhoods
and 49.1% of all U.S. neighborhoods.
Average rental prices in Iranistan Ave / Fairfield Ave are currently
$728, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 80.6% of Connecticut neighborhoods.
Iranistan Ave / Fairfield Ave is a densely urban neighborhood (based on population
density) located in Bridgeport, Connecticut.
Iranistan Ave / Fairfield Ave 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 Iranistan Ave / Fairfield Ave 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.
Iranistan Ave / Fairfield Ave has a 15.7% vacancy rate, which is
well above average compared to other U.S. neighborhoods (higher than
75.7% of American neighborhoods). This could either
signal that there is weak demand for real estate in the neighborhood,
or that much of the housing stock is seasonally occupied,
which can occur in some markets dominated by colleges or vacation homes.
Either way, if you live here year round, you will find many of the homes
or apartments are empty for all or a portion of the year.
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.
Notable & Unique: Diversity
Did you know that the Iranistan Ave / Fairfield Ave neighborhood has more
Jamaican and Puerto Rican ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 9.8% of
this neighborhood's residents have Jamaican ancestry and 24.9% have Puerto Rican ancestry.
Iranistan Ave / Fairfield Ave is also pretty special linguistically. Significantly, 1.6% of its residents five years old and above primarily
speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher
than 98.9% of the neighborhoods in America.
Notable & Unique: Real Estate
If you like crowded places, then you will probably enjoy the Iranistan Ave / Fairfield Ave neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.1% of neighborhoods in the U.S., with 24,227 people per square mile living here. Even if you drive or take transit to your place of employment, many
people enjoy being able to walk in their neighborhood. What many people
don't realize is that most of America's premier vacation locations are
also very walkable. The Iranistan Ave / Fairfield Ave neighborhood is among
the top 5% of American neighborhoods in terms of walkability.
In addition, corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the Iranistan Ave / Fairfield Ave neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 44.9% of the real estate here is made up of such dwellings, which is higher than 97.2% of all U.S. neighborhoods.
Furthermore, 84.1% of the real estate in the Iranistan Ave / Fairfield Ave neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
The Neighbors: Income
There are two complimentary 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 Iranistan Ave / Fairfield Ave neighborhood in Bridgeport are low income, making it among the lowest income neighborhoods in America.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 90.1% of U.S. neighborhoods.
With 47.7% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 89.5%
of U.S. neighborhoods.
The Neighbors: Occupations
A neighborhood is far different if it is dominated by enlisted military personnel
rather than people who earn their living by farming. It is also different if
most of the neighbors are clerical support or managers. What is wonderful is
the shear diversity of neighborhoods, allowing you to find the type that fits
your lifestyle and aspirations.
In the Iranistan Ave / Fairfield Ave neighborhood, 38.1%
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
clerical, assistant, and tech support occupations, with 23.0% of the residents employed.
Other residents here are employed in manufacturing and laborer occupations
(20.5%), and 18.4% in executive, management, and professional occupations.
The Neighbors: 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 Iranistan Ave / Fairfield Ave neighborhood in Bridgeport, CT, residents
most commonly identify their ethnicity or ancestry as Puerto Rican
(24.9%). There are also a number of people of Jamaican ancestry (9.8%) , and residents who report Haitia roots (7.8%) , and some of the residents are also of Mexican ancestry (7.5%) , along with some Asian ancestry residents (7.4%), among others. In addition, 35.9% of the residents of this neighborhood were born in another country.
The Neighbors: 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 Iranistan Ave / Fairfield Ave
neighborhood is English, spoken by 40.2% of households. Other important languages spoken here include Spanish, French and South Asian languages.
Getting to Work
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 Iranistan Ave / Fairfield Ave neighborhood spend
between 15 and 30 minutes commuting one-way to work (35.9% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (63.3%) 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 (14.4%) and 12.7% 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.