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Real Estate Prices & Overview

Black Hall / Lyme Station median real estate price is $562,682, which is more expensive than 74.8% of the neighborhoods in Connecticut and 73.8% of the neighborhoods in the U.S.

The average rental price in Black Hall / Lyme Station is currently $3,059, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 79.5% of the neighborhoods in Connecticut.

Black Hall / Lyme Station 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).

Black Hall / Lyme Station 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 Black Hall / Lyme Station neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.

Black Hall / Lyme Station has a 12.9% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 72.3% 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 Black Hall / Lyme Station 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, Black Hall / Lyme Station 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

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

In addition, if you are planning to retire in Connecticut, this neighborhood should be on your must-see list. For many reasons, Black Hall / Lyme Station may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Connecticut, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 95.1% of neighborhoods in CT. If a Connecticut retirement is in your future, this neighborhood should be one of the places you visit. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for urban sophisticates.

Modes of Transportation

In the Black Hall / Lyme Station neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 28.7% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 96.1% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.

Diversity

Did you know that the Black Hall / Lyme Station neighborhood has more British and Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.1% of this neighborhood's residents have British ancestry and 1.4% have Canadian ancestry.

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 Black Hall / Lyme Station neighborhood in Old Lyme are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 87.5% 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 Black Hall / Lyme Station neighborhood, 58.3% 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 19.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.7%), and 10.0% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Black Hall / Lyme Station neighborhood is English, spoken by 95.5% of households.

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 Black Hall / Lyme Station neighborhood in Old Lyme, CT, residents most commonly identify their ethnicity or ancestry as Irish (22.4%). There are also a number of people of Italian ancestry (19.1%), and residents who report German roots (19.1%), and some of the residents are also of English ancestry (17.7%), along with some Polish ancestry residents (8.2%), 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 Black Hall / Lyme Station neighborhood spend under 15 minutes commuting one-way to work (48.7% of working residents), one of the shortest commutes across America.

Here most residents (63.3%) 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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