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Real Estate Prices & Overview

Hawks Nest Beach / Old Lyme Shores median real estate price is $638,972, which is more expensive than 83.4% of the neighborhoods in Connecticut and 79.5% of the neighborhoods in the U.S.

The average rental price in Hawks Nest Beach / Old Lyme Shores is currently $3,112, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 80.8% of the neighborhoods in Connecticut.

Hawks Nest Beach / Old Lyme Shores is a rural neighborhood (based on population density) located in Old Lyme, Connecticut. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Hawks Nest Beach / Old Lyme Shores real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Hawks Nest Beach / Old Lyme Shores 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 Hawks Nest Beach / Old Lyme Shores. The current real estate vacancy rate here is 59.0%. This is higher than the rate of vacancies in 99.3% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (55.8%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually 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 Old Lyme, the Hawks Nest Beach / Old Lyme Shores neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Do you like a coastal setting? If so, this neighborhood may be to your liking. The Hawks Nest Beach / Old Lyme Shores 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, Hawks Nest Beach / Old Lyme Shores 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.

In addition, despite all of the residential real estate here in the Hawks Nest Beach / Old Lyme Shores neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 59.0%, which is higher than 99.3% of all U.S. neighborhoods.

People

In a nation where 1 out of every 4 children lives in poverty, the Hawks Nest Beach / Old Lyme Shores neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, if you're nearing retirement age, or in retirement, the Hawks Nest Beach / Old Lyme Shores is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 6.3% of retiree-friendly neighborhoods in Connecticut, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in Connecticut. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for urban sophisticates.

Occupations

There are more people living in the Hawks Nest Beach / Old Lyme Shores neighborhood employed as sales and service workers (55.6%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

Diversity

Did you know that the Hawks Nest Beach / Old Lyme Shores neighborhood has more Brazilian and Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.2% of this neighborhood's residents have Brazilian ancestry and 27.2% have Irish ancestry.

Hawks Nest Beach / Old Lyme Shores is also pretty special linguistically. Significantly, 8.5% of its residents five years old and above primarily speak Polish at home. While this may seem like a small percentage, it is higher than 97.3% 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 Hawks Nest Beach / Old Lyme Shores neighborhood in Old Lyme are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 83.7% 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 100.0% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Hawks Nest Beach / Old Lyme Shores neighborhood, 44.4% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 37.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (13.0%), and 5.6% in manufacturing and laborer 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 Hawks Nest Beach / Old Lyme Shores neighborhood is English, spoken by 75.2% of households. Other important languages spoken here include Spanish and Polish.

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 Hawks Nest Beach / Old Lyme Shores neighborhood in Old Lyme, CT, residents most commonly identify their ethnicity or ancestry as Irish (27.2%). There are also a number of people of Italian ancestry (22.0%), and residents who report English roots (17.5%), and some of the residents are also of German ancestry (12.5%), along with some Brazilian ancestry residents (6.2%), among others. In addition, 16.0% 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 Hawks Nest Beach / Old Lyme Shores neighborhood spend between 15 and 30 minutes commuting one-way to work (47.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (79.6%) drive alone in a private automobile to get to work. 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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