Real Estate Prices and Overview
North Madison / Rockland median real estate prices are $424,988, which is more expensive than 87.7% of the neighborhoods
in Connecticut and 89.1% of the
neighborhoods in the U.S.
Average rental prices in North Madison / Rockland are currently
$1,650, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 91.9%
of the neighborhoods in Connecticut.
North Madison / Rockland is a suburban neighborhood (based on population
density) located in Madison, Connecticut.
North Madison / Rockland real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes.
Most of the residential real estate is owner occupied. Many of
the residences in the North Madison / Rockland neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Real estate vacancies in North Madison / Rockland are 5.8%,
which is lower than one will find in 70.9% of American
neighborhoods. Demand for real estate in North Madison / Rockland
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
Many things matter about a neighborhood, but the first thing most people notice
is the way a neighborhood looks and its particular character. For example, one
might notice whether the buildings all date from a certain time period or whether
shop signs are in multiple languages. This particular neighborhood in Madison,
the North Madison / Rockland neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: People
If you come to know the people here, you will recognize that you're
in the company of one of the wealthiest communities in the nation. In
fact, a mere 2.9% of America's neighborhoods are wealthier than the
North Madison / Rockland neighborhood. Real estate here is exceedingly
well-maintained, and similarly, tends to maintain its value over time.
The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and
Lexus. If the public schools aren't up to snuff, the residents of this
neighborhood preferentially send their children to private preparatory
schools. Vacation to Disney? Yes, but equally popular are summers in Europe.
As one would expect in a considerably wealthy neighborhood such as this,
North Madison / Rockland also has one of the lowest ratings of child
poverty in the nation.
In addition, think about the people you know personally. How many of them would
purchase box seats to opening night at the symphony? How many of them
regularly attend gallery openings, or are the first to reserve tickets
to opening night at the ballet? If they're like most of us, they don't
do any of these things. But if you're among an exclusive crowd of wealthy
and refined patrons of the arts, then you'll feel right at home in
the North Madison / Rockland neighborhood: a neighborhood in which more
"urban sophisticates" live than 97.7% of neighborhoods
across the U.S. Here, your neighbors are defined as having urbane
tastes in literature, music, live theatre and the arts. They are wealthy,
educated, travel in style, and live a big city lifestyle whether or
not they live in or near a big city.
In addition to being an excellent choice for urban sophisticates, this
neighborhood is also a very good choice for families with school-aged children , highly educated executives and active retirees.
Also, if knowledge is power, then imagine the cumulative power of one neighborhood
where many of the adults have earned an advanced degree, such as a Masters,
law degree, medical degree, or even a Ph.D. This is certainly the case in
the North Madison / Rockland neighborhood, where 32.8% have
earned an advanced degree. Compare that to the average neighborhood in
America, where just 8.4% of adults have completed a post-graduate degree,
and you can see why this neighborhood is a stand out. In fact, this neighborhood
has a higher rate of adults with an advanced degree than 96.4%
of the neighborhoods in America.
Notable & Unique: Diversity
Did you know that the North Madison / Rockland neighborhood has more
Irish and Scottish ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 22.9% of
this neighborhood's residents have Irish ancestry and 5.1% have Scottish ancestry.
North Madison / Rockland is also pretty special linguistically. Significantly, 1.0% of its residents five years old and above primarily
speak Polish at home. While this may seem like a small percentage, it is higher
than 95.5% of the neighborhoods in America.
Notable & Unique: Occupations
Executives, managers and professionals make up 70.6% of the workforce
in the North Madison / Rockland neighborhood which, according to
NeighborhoodScout's exclusive analysis, is a higher proportion of such
high-level people than is found in 98.4% of the neighborhoods
in America. For this reason, this neighborhood really stands out as unique.
Notable & Unique: 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 North Madison / Rockland
More residents of the North Madison / Rockland neighborhood live here
today that also were living in this same neighborhood five years ago
than is found in 97.5% of U.S. neighborhoods. This neighborhood
is really made up of people who know each other, don't move often, and
have lived here in this very neighborhood for quite a while.
Notable & Unique: Real Estate
In addition, owner-occupied real estate dominates the North Madison / Rockland neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 96.8% of neighborhoods in America.
Furthermore, one way that the North Madison / Rockland neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 95.2% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
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 North Madison / Rockland neighborhood in Madison are wealthy, making it among the 15% highest income neighborhoods in America.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 97.1% 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 99.9%
of America'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 North Madison / Rockland neighborhood, 70.6%
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 20.1% of the residents employed.
Other residents here are employed in government jobs, whether they are in local, state, or federal positions
(6.6%), and 5.3% in manufacturing and laborer 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 North Madison / Rockland neighborhood in Madison, CT, residents
most commonly identify their ethnicity or ancestry as Irish
(22.9%). There are also a number of people of Italian ancestry (17.7%) , and residents who report English roots (6.9%) , and some of the residents are also of German ancestry (6.3%) , along with some Polish ancestry residents (5.5%), among others.
The Neighbors: Languages
The most common language spoken in the North Madison / Rockland
neighborhood is English, spoken by 95.4% of households.
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 North Madison / Rockland neighborhood spend
between 15 and 30 minutes commuting one-way to work (29.8% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (88.3%) 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 (8.3%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.