Real Estate Prices and Overview
Iranistan Ave / Fairfield Ave median real estate prices are $162,955, which is less expensive than 83.6% of Connecticut neighborhoods
and 49.2% of all U.S. neighborhoods.
Average rental prices in Iranistan Ave / Fairfield Ave are currently
$840, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 85.2% 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
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
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. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Iranistan Ave / Fairfield Ave neighborhood is one of the most walkable neighborhoods in America.
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 Iranistan Ave / Fairfield Ave 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, 44.9% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 97.2% of America's neighborhoods.
Furthermore, renter-occupied real estate is dominant in the Iranistan Ave / Fairfield Ave neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 84.1%, which is higher than 95.4% 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.
The Neighbors: Income
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 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
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 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
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 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.