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Real Estate Prices & Overview

Cabot St / Albany Ave median real estate price is $282,840, which is less expensive than 79.5% of Connecticut neighborhoods and 60.8% of all U.S. neighborhoods.

The average rental price in Cabot St / Albany Ave is currently $2,213, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 57.5% of Connecticut neighborhoods.

Cabot St / Albany Ave is a densely urban neighborhood (based on population density) located in Hartford, Connecticut.

Cabot St / Albany Ave real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Cabot St / Albany Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Vacant apartments or homes are a major fact of life in Cabot St / Albany Ave. The current real estate vacancy rate here is 19.3%. This is higher than the rate of vacancies in 85.8% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

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 get around.

Real Estate

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 Cabot St / Albany 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 68.0% of the real estate here is made up of such dwellings, which is higher than 99.7% of all U.S. neighborhoods.

In addition, 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 Cabot St / Albany Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.

People

Single parenting is hard. But you don't have to tell the Cabot St / Albany Ave neighborhood about it; they already know. 29.7% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 99.5% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

In addition, the Cabot St / Albany Ave neighborhood stands out within Connecticut for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 7.1% of college-friendly places to live in CT.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (16.1% ride the bus) than 97.7% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Diversity

Did you know that the Cabot St / Albany Ave neighborhood has more Jamaican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 34.4% of this neighborhood's residents have Jamaican ancestry and 28.9% have Puerto Rican ancestry.

Cabot St / Albany Ave is also pretty special linguistically. Significantly, 3.3% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 97.4% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Cabot St / Albany Ave neighborhood in Hartford are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 77.5% of U.S. neighborhoods. In addition, 9.9% 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 50.9% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Cabot St / Albany Ave neighborhood, 37.3% of the working population is employed in manufacturing and laborer 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 33.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.4%), and 10.6% in executive, management, and professional occupations.

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 Cabot St / Albany Ave neighborhood is English, spoken by 66.5% of households. Other important languages spoken here include Spanish, African languages and French.

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 Cabot St / Albany Ave neighborhood in Hartford, CT, residents most commonly identify their ethnicity or ancestry as Jamaican (34.4%). There are also a number of people of Puerto Rican ancestry (28.9%), and residents who report Sub-Saharan African roots (1.3%), and some of the residents are also of Italian ancestry (1.3%). In addition, 21.2% of the residents of this neighborhood were born in another country.

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 Cabot St / Albany Ave neighborhood spend between 15 and 30 minutes commuting one-way to work (61.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (63.6%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (16.1%) and 13.4% of residents also carpool with coworkers, friends, or neighbors 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.


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