Mine Falls Park median real estate price is $342,774, which is more expensive than 40.2% of the neighborhoods in New Hampshire and 54.0% of the neighborhoods in the U.S.
The average rental price in Mine Falls Park is currently $2,019, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 62.6% of New Hampshire neighborhoods.
Mine Falls Park is an urban neighborhood (based on population density) located in Nashua, New Hampshire.
Mine Falls Park real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Mine Falls Park 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 1970 and 1999.
In Mine Falls Park, the current vacancy rate is 2.5%, which is a lower rate of vacancies than 84.4% of all neighborhoods in the U.S. This means that the housing supply in Mine Falls Park is very tight compared to the demand for property here.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
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 Mine Falls Park 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 37.5% of the real estate here is made up of such dwellings, which is higher than 96.5% of all U.S. neighborhoods.
In addition, 84.0% of the real estate in the Mine Falls Park neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the Mine Falls Park neighborhood has more single mother households than 95.9% of the neighborhoods in the U.S. Often high concentrations of single mother homes can be a strong indicator of family and social issues such as poverty, high rates of school dropouts, crime, and other societal problems.
Did you know that the Mine Falls Park neighborhood has more Dominican and Lithuanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 14.7% of this neighborhood's residents have Dominican ancestry and 2.4% have Lithuanian ancestry.
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 Mine Falls Park neighborhood in Nashua are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 84.8% of U.S. neighborhoods. With 27.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 78.2% of U.S. neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Mine Falls Park neighborhood, 34.0% 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 33.8% of the residents employed. Other residents here are employed in executive, management, and professional occupations (21.9%), and 10.4% in clerical, assistant, and tech support occupations.
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 Mine Falls Park neighborhood is English, spoken by 59.6% of households. Other important languages spoken here include Spanish, Polish and French.
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 Mine Falls Park neighborhood in Nashua, NH, residents most commonly identify their ethnicity or ancestry as Irish (19.0%). There are also a number of people of Dominican ancestry (14.7%), and residents who report Puerto Rican roots (14.3%), and some of the residents are also of French ancestry (12.3%), along with some Mexican ancestry residents (8.3%), among others. In addition, 16.1% of the residents of this neighborhood were born in another country.
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 Mine Falls Park neighborhood spend under 15 minutes commuting one-way to work (41.7% of working residents), one of the shortest commutes across America.
Here most residents (84.2%) 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 (5.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.