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Real Estate Prices & Overview

Liberty Heights median real estate price is $310,664, which is less expensive than 91.7% of Massachusetts neighborhoods and 56.0% of all U.S. neighborhoods.

The average rental price in Liberty Heights is currently $1,968, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 85.0% of Massachusetts neighborhoods.

Liberty Heights is an urban neighborhood (based on population density) located in Springfield, Massachusetts.

Liberty Heights 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 Liberty Heights 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.

Real estate vacancies in Liberty Heights are 4.5%, which is lower than one will find in 70.1% of American neighborhoods. Demand for real estate in Liberty Heights is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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

People

Liberty Heights has the amazing distinction of housing more same sex couples living together than 97.6% of neighborhoods in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's analysis shows that this is one place that you should consider.

Real Estate

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 Liberty Heights 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 37.7% of the real estate here is made up of such dwellings, which is higher than 96.6% of all U.S. neighborhoods.

In addition, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 66.9% of the residential real estate in the Liberty Heights neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 98.0% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Diversity

Did you know that the Liberty Heights neighborhood has more Puerto Rican and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 32.0% of this neighborhood's residents have Puerto Rican ancestry and 6.8% have Dominican ancestry.

Liberty Heights is also pretty special linguistically. Significantly, 0.6% of its residents five years old and above primarily speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher than 98.1% 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 Liberty Heights neighborhood in Springfield are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 50.0% of the neighborhoods in America. In addition, 4.0% 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 67.8% 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 Liberty Heights neighborhood, 30.8% 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 manufacturing and laborer occupations, with 27.0% of the residents employed. Other residents here are employed in executive, management, and professional occupations (23.4%), and 15.3% 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 Liberty Heights neighborhood is Spanish, spoken by 53.4% of households. Other important languages spoken here include English and Italian.

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 Liberty Heights neighborhood in Springfield, MA, residents most commonly identify their ethnicity or ancestry as Puerto Rican (32.0%). There are also a number of people of Mexican ancestry (15.4%), and residents who report Irish roots (14.1%), and some of the residents are also of Italian ancestry (7.5%), along with some Dominican ancestry residents (6.8%), among others. In addition, 19.5% 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 Liberty Heights neighborhood spend under 15 minutes commuting one-way to work (41.1% of working residents), one of the shortest commutes across America.

Here most residents (59.6%) 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 (14.6%) and 6.5% of residents also ride the bus for their daily commute. 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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