Real Estate Prices and Overview
Greenwood / New England Institute of Technology median real estate prices are $173,642, which is less expensive than 81.6% of Rhode Island neighborhoods
and 45.7% of all U.S. neighborhoods.
Average rental prices in Greenwood / New England Institute of Technology are currently
$846, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 44.8% of Rhode Island neighborhoods.
Greenwood / New England Institute of Technology is a suburban neighborhood (based on population
density) located in Warwick, Rhode Island.
Greenwood / New England Institute of Technology 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 owner occupied. Many of
the residences in the Greenwood / New England Institute of Technology neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Greenwood / New England Institute of Technology, the current vacancy rate is 0.6%,
which is a lower rate of vacancies than 96.0% of all neighborhoods
in the U.S. This means that the housing supply in Greenwood / New England Institute of Technology
is very tight compared to the demand for property here.
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 Warwick,
the Greenwood / New England Institute of Technology neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: People
Of note is NeighborhoodScout's research finding that the
Greenwood / New England Institute of Technology neighborhood has some of the lowest rates of children
living in poverty of any neighborhood in the United States. In a nation
where approximately 1 in 4 children are living in poverty, the
Greenwood / New England Institute of Technology community truly stands out from the rest in this regard.
Notable & Unique: Diversity
Did you know that the Greenwood / New England Institute of Technology neighborhood has more
Portuguese and French ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 6.0% of
this neighborhood's residents have Portuguese ancestry and 7.4% have French ancestry.
Greenwood / New England Institute of Technology is also pretty special linguistically. Significantly, 3.2% of its residents five years old and above primarily
speak Italian at home. While this may seem like a small percentage, it is higher
than 98.8% of the neighborhoods in America.
Notable & Unique: Real Estate
In addition, with a real estate vacancy rate of only 0.6%, the Greenwood / New England Institute of Technology neighborhood has a lower vacancy rate than 96.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
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 Greenwood / New England Institute of Technology neighborhood in Warwick are upper-middle income, making it an above average income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 67.5% 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 Greenwood / New England Institute of Technology neighborhood, 29.4%
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 28.8% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(24.6%), and 17.3% 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 Greenwood / New England Institute of Technology neighborhood in Warwick, RI, residents
most commonly identify their ethnicity or ancestry as Italian
(18.5%). There are also a number of people of Irish ancestry (17.4%) , and residents who report English roots (15.1%) , and some of the residents are also of French ancestry (7.4%) , along with some Portuguese ancestry residents (6.0%), among others.
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 Greenwood / New England Institute of Technology
neighborhood is English, spoken by 89.1% of households. Other important languages spoken here include Spanish and Italian.
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 Greenwood / New England Institute of Technology neighborhood spend
between 15 and 30 minutes commuting one-way to work (51.5% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (86.7%) 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 (9.4%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.