Real Estate Prices and Overview
Old Town Rd / Madison Ave median real estate prices are $191,593, which is less expensive than 68.7% of Connecticut neighborhoods
and 40.8% of all U.S. neighborhoods.
Average rental prices in Old Town Rd / Madison Ave are currently
$1,053, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 65.4%
of the neighborhoods in Connecticut.
Old Town Rd / Madison Ave is an urban neighborhood (based on population
density) located in Bridgeport, Connecticut.
Old Town Rd / Madison Ave real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments.
Most of the residential real estate is occupied by a mixture of owners and renters. Many of
the residences in the Old Town Rd / Madison Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Old Town Rd / Madison Ave, the current vacancy rate is 3.3%,
which is a lower rate of vacancies than 85.8% of all neighborhoods
in the U.S. This means that the housing supply in Old Town Rd / Madison Ave
is very tight compared to the demand for property here.
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 Old Town Rd / Madison Ave neighborhood has more
Portuguese and Yugoslav ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 5.1% of
this neighborhood's residents have Portuguese ancestry and 1.8% have Yugoslav ancestry.
Old Town Rd / Madison Ave is also pretty special linguistically. Significantly, 7.2% of its residents five years old and above primarily
speak Portuguese at home. While this may seem like a small percentage, it is higher
than 99.5% of the neighborhoods in America.
Notable & Unique: People
An extraordinary 18.3% of the residents of the
Old Town Rd / Madison Ave neighborhood are currently enrolled in college. This is
such a large part of life in this neighborhood that the neighborhood changes
a great deal with the change of semesters and is far quieter during
the summer when many students are away.
In addition, one of the really interesting characteristics about the
Old Town Rd / Madison Ave neighborhood is that, according to NeighborhoodScout's
exclusive research, it is an excellent choice in which to reside for
college students. Due to its popularity among college students who
already choose to live here, its walkability, and its above average
safety from crime, the neighborhood is ideal for prospective or
already-enrolled college students. Between semesters and during
school breaks, you'll notice that the excitement here fluctuates with
the college seasons. Despite the excitement however, parents of college-age
children can rest easy knowing that this
neighborhood has an above average safety rating. For each of these
reasons, the neighborhood is rated among the
top 4.2% of college-friendly places to live in
the state of Connecticut.
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 Old Town Rd / Madison Ave neighborhood in Bridgeport are upper-middle income, making it an above average income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 62.5% of the neighborhoods in America.
In addition, 6.8% 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 70.9%
of America'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 Old Town Rd / Madison Ave neighborhood, 36.7%
of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is
sales and service jobs, from major sales accounts, to working in fast food restaurants, with 29.2% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(18.9%), and 15.3% in manufacturing and laborer 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 Old Town Rd / Madison Ave neighborhood in Bridgeport, CT, residents
most commonly identify their ethnicity or ancestry as Italian
(16.2%). There are also a number of people of Puerto Rican ancestry (7.3%) , and residents who report Irish roots (6.6%) , and some of the residents are also of Portuguese ancestry (5.1%) , along with some South American ancestry residents (5.0%), among others. In addition, 29.5% 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 Old Town Rd / Madison Ave
neighborhood is English, spoken by 59.5% of households. Other important languages spoken here include Spanish, Portuguese, Italian and Vietnamese.
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 Old Town Rd / Madison Ave neighborhood spend
between 15 and 30 minutes commuting one-way to work (38.8% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (81.6%) 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 (8.6%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.