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Real Estate Prices & Overview

North Leominster median real estate price is $534,061, which is more expensive than 42.6% of the neighborhoods in Massachusetts and 74.9% of the neighborhoods in the U.S.

The average rental price in North Leominster is currently $3,688, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 60.6% of the neighborhoods in Massachusetts.

North Leominster is a suburban neighborhood (based on population density) located in Leominster, Massachusetts.

North Leominster real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the North Leominster neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

In North Leominster, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in North Leominster is very tight compared to the demand for property here.

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

Real Estate

Owner-occupied real estate dominates the North Leominster neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 96.1% of neighborhoods in America. With a real estate vacancy rate of only 0.0%, the North Leominster neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the North Leominster neighborhood have a highly unusual car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 33.1% of the households here have four, five, or more cars. That is more cars per household than in 95.1% of the neighborhoods in the nation.

Diversity

Did you know that the North Leominster neighborhood has more Brazilian and Italian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.6% of this neighborhood's residents have Brazilian ancestry and 30.8% have Italian ancestry.

North Leominster is also pretty special linguistically. Significantly, 4.1% 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 99.0% 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 North Leominster neighborhood in Leominster 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 88.4% of the neighborhoods in America. In addition, 5.4% 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 64.2% of America'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 North Leominster neighborhood, 49.9% 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 23.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.4%), and 10.6% in clerical, assistant, and tech support 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 North Leominster neighborhood is English, spoken by 85.8% of households. Other important languages spoken here include Spanish and Portuguese.

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 North Leominster neighborhood in Leominster, MA, residents most commonly identify their ethnicity or ancestry as Italian (30.8%). There are also a number of people of Irish ancestry (16.4%), and residents who report Brazilian roots (11.6%), and some of the residents are also of French ancestry (11.1%), along with some English ancestry residents (9.5%), among others. In addition, 12.1% of the residents of this neighborhood were born in another country.

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 North Leominster neighborhood spend under 15 minutes commuting one-way to work (46.0% of working residents), one of the shortest commutes across America.

Here most residents (83.5%) 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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