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Real Estate Prices & Overview

Kempton St / Park St median real estate price is $433,574, which is less expensive than 78.8% of Massachusetts neighborhoods and 38.1% of all U.S. neighborhoods.

The average rental price in Kempton St / Park St is currently $2,218, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 76.9% of Massachusetts neighborhoods.

Kempton St / Park St is a densely urban neighborhood (based on population density) located in New Bedford, Massachusetts.

Kempton St / Park St real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Kempton St / Park St neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

In Kempton St / Park St, the current vacancy rate is 0.5%, which is a lower rate of vacancies than 93.0% of all neighborhoods in the U.S. This means that the housing supply in Kempton St / Park St 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 New Bedford, the Kempton St / Park St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The Kempton St / Park St neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the Kempton St / Park St neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 41.2% of the real estate here is made up of such dwellings, which is higher than 97.3% of all U.S. neighborhoods.

Furthermore, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Kempton St / Park St neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 73.2% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 99.0% of the neighborhoods in the United States.

Diversity

Did you know that the Kempton St / Park St neighborhood has more Portuguese and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 34.4% of this neighborhood's residents have Portuguese ancestry and 17.1% have Puerto Rican ancestry.

Kempton St / Park St is also pretty special linguistically. Significantly, 6.3% 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 99.5% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Kempton St / Park St neighborhood in New Bedford are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 40.2% of the neighborhoods in America. In addition, 10.2% 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 50.4% 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 Kempton St / Park St neighborhood, 36.1% 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 24.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (22.1%), and 17.4% 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 Kempton St / Park St neighborhood is English, spoken by 74.4% of households. Other important languages spoken here include Spanish, Portuguese 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 Kempton St / Park St neighborhood in New Bedford, MA, residents most commonly identify their ethnicity or ancestry as Portuguese (34.4%). There are also a number of people of Puerto Rican ancestry (17.1%), and residents who report Sub-Saharan African roots (14.9%), and some of the residents are also of French ancestry (8.8%), along with some Irish ancestry residents (7.3%), 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 Kempton St / Park St neighborhood spend under 15 minutes commuting one-way to work (27.6% of working residents), one of the shortest commutes across America.

Here most residents (80.5%) 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 (11.5%) . 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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