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Real Estate Prices & Overview

Meriden Southwest median real estate price is $248,501, which is less expensive than 87.3% of Connecticut neighborhoods and 67.3% of all U.S. neighborhoods.

The average rental price in Meriden Southwest is currently $1,533, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 95.8% of Connecticut neighborhoods.

Meriden Southwest is an urban neighborhood (based on population density) located in Meriden, Connecticut.

Meriden Southwest real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Meriden Southwest 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 1940 and 1969.

Meriden Southwest has a 14.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 75.9% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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 Meriden, the Meriden Southwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

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 Meriden Southwest 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, 38.8% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 96.9% of America's neighborhoods.

In addition, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 68.0% of the residential real estate in the Meriden Southwest neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 98.2% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Diversity

Did you know that the Meriden Southwest neighborhood has more Puerto Rican and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 35.8% of this neighborhood's residents have Puerto Rican ancestry and 7.5% have Dominican ancestry.

The Neighbors

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 Meriden Southwest neighborhood in Meriden are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 42.4% of the neighborhoods in America. With 48.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 93.4% of U.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 Meriden Southwest neighborhood, 39.6% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 30.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (20.5%), and 9.4% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Meriden Southwest neighborhood is English, spoken by 63.5% of households. Some people also speak Spanish (34.2%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Meriden Southwest neighborhood in Meriden, CT, residents most commonly identify their ethnicity or ancestry as Puerto Rican (35.8%). There are also a number of people of Italian ancestry (15.5%), and residents who report Dominican roots (7.5%), and some of the residents are also of Irish ancestry (7.1%), along with some Polish ancestry residents (4.9%), among others.

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 Meriden Southwest neighborhood spend between 15 and 30 minutes commuting one-way to work (43.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (87.2%) 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 (5.7%) . 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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