Most Expensive Old Lyme Neighborhoods
Old Lyme is a somewhat small coastal town (i.e. on the ocean, a bay, or inlet) located in the state of Connecticut. With a population of 7,575 people and two constituent neighborhoods, Old Lyme is the 113th largest community in Connecticut.
Old Lyme home prices are not only among the most expensive in Connecticut, but Old Lyme real estate also consistently ranks among the most expensive in America.
Old Lyme is a decidedly white-collar town, with fully 86.53% of the workforce employed in white-collar jobs, well above the national average. Overall, Old Lyme is a town of professionals, managers and sales and office workers. There are especially a lot of people living in Old Lyme who work in management occupations (15.01%), teaching (10.95%) and office and administrative support (10.92%).
Of important note, Old Lyme is also a town of artists. Old Lyme has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Old Lyme’s character.
A relatively large number of people in Old Lyme telecommute to their jobs. Overall, about 8.78% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Another notable thing is that Old Lyme is an extremely popular vacation destination. A significant portion of the population is seasonal. During the vacation season, the town experiences a large influx of people who take up residence in second homes they own in the area. As the vacation season ends, the population drops again, leaving behind a substantially quieter and smaller town.
In addition, Old Lyme is home to many people who could be described as "urban sophisticates". Urban sophisticates are people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel.
Because of many things, Old Lyme is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Old Lyme really has some of the features that families look for when choosing a good community to raise children. Is Old Lyme perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
One of the nice things about Old Lyme is that it is nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Because of this, visitors and locals will often go to these areas to take in the scenery or to enjoy waterfront activities.
Do you like to read, write and learn? If you move to Old Lyme, you'll likely find that many of your neighbors like to as well. Old Lyme is one of the more educated communities in America, with a full 52.96% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in Old Lyme in 2010 was $49,536, which is wealthy relative to Connecticut and the nation. This equates to an annual income of $198,144 for a family of four.
The people who call Old Lyme home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Old Lyme residents report their race to be White, followed by Asian. Important ancestries of people in Old Lyme include Irish, Italian, English, German, Polish and French.
The most common language spoken in Old Lyme is English.
|OLD LYME INFORMATION||DETAILS|
|NUMBER OF HOMES AND APARTMENTS||3,216|
|OLD LYME HOME OWNERSHIP|
|% OWNER OCCUPIED||81.32%|
|% RENTER OCCUPIED||18.69%|
|TYPE OF OLD LYME HOMES|
|SINGLE FAMILY DETACHED||89.57%|
|ROWHOUSES AND ATTACHED HOMES||0.60%|
|SMALL APARTMENT BUILDINGS||8.44%|
|COMPLEXES OR HIGH RISE APARTMENTS||1.40%|
|SIZE OF OLD LYME HOMES|
|5 OR MORE BEDROOMS||2.82%|
|AGE OF OLD LYME HOMES|
|NEWER HOMES (2000 OR LATER)||4.06%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||32.50%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||40.02%|
|HISTORIC (1939 OR BEFORE)||23.43%|
|OLD LYME REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$374,668|
|MEDIAN RENTAL PRICE||$1,315|
|HOME VALUE RANGE|
|$0 - $48,000||1.87%|
|$48,001 - $95,000||0.00%|
|$95,001 - $191,000||6.10%|
|$191,001 - $286,000||19.45%|
|$286,001 - $381,000||22.08%|
|$381,001 - $476,000||17.81%|
|$476,001 - $715,000||22.69%|
|$715,001 - $953,000||4.92%|
|PEOPLE OF OLD LYME||DETAILS|
|UNDER 5 YEARS||2.75%|
|5 TO 17||17.62%|
|18 TO 24||4.86%|
|25 TO 34||4.97%|
|35 TO 54||26.74%|
|55 TO 64||19.05%|
|65 YEARS AND OVER||24.00%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||96.88%|
|MEDIAN HOUSEHOLD INCOME||$87,817|
|PER CAPITA INCOME||$49,536|
|INDIVIDUALS BELOW POVERTY LEVEL||1.20%|
|INDUSTRIES PEOPLE WORK IN||Healthcare (15.92%)
Professional, scientific, and technical services (9.44%)
Public Service (4.88%)
|BLACK OR AFRICAN AMERICAN||0.17%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.07%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||0.30%|
|TWO OR MORE RACES||0.74%|
|HISPANIC OR LATINO (OF ANY RACE)||1.33%|
|ETHNICITIES PRESENT||Irish (25.25%)
French Canadian (3.24%)
|LANGUAGES SPOKEN||English (91.16%)
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