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Real Estate Prices & Overview

South New London / Mitchell College median real estate price is $416,037, which is more expensive than 51.8% of the neighborhoods in Connecticut and 59.3% of the neighborhoods in the U.S.

The average rental price in South New London / Mitchell College is currently $2,019, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 72.7% of Connecticut neighborhoods.

South New London / Mitchell College is a suburban neighborhood (based on population density) located in New London, Connecticut. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

South New London / Mitchell College 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 South New London / Mitchell College neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

South New London / Mitchell College has a 10.8% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 65.1% 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

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

Do you like a coastal setting? If so, this neighborhood may be to your liking. The South New London / Mitchell College neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, South New London / Mitchell College is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.

People

NeighborhoodScout's analysis shows that the South New London / Mitchell College neighborhood has a greater concentration of residents currently enrolled in college than 95.3% of the neighborhoods in the U.S. With 11.1% of the population here attending college, this is very much a college-focused neighborhood.

In addition, the South New London / Mitchell College 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 5.5% of college-friendly places to live in CT.

Diversity

Did you know that the South New London / Mitchell College neighborhood has more Slovak and Croatian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.9% of this neighborhood's residents have Slovak ancestry and 0.9% have Croatian ancestry.

South New London / Mitchell College is also pretty special linguistically. Significantly, 1.9% 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 97.5% 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 South New London / Mitchell College neighborhood in New London are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 70.0% of the neighborhoods in America. With 20.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 69.6% of U.S. neighborhoods.

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 South New London / Mitchell College neighborhood, 50.1% 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 25.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (12.4%), and 12.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the South New London / Mitchell College neighborhood is English, spoken by 91.1% of households. Some people also speak Spanish (5.8%).

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 South New London / Mitchell College neighborhood in New London, CT, residents most commonly identify their ethnicity or ancestry as Irish (15.7%). There are also a number of people of Italian ancestry (13.5%), and residents who report English roots (8.4%), and some of the residents are also of German ancestry (7.6%), along with some Polish ancestry residents (6.4%), among others.

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 South New London / Mitchell College neighborhood spend between 15 and 30 minutes commuting one-way to work (39.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (71.0%) 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 (8.7%) . 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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