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Real Estate Prices & Overview

Laurel Hill / Village median real estate price is $421,850, which is less expensive than 62.3% of Rhode Island neighborhoods and 42.3% of all U.S. neighborhoods.

The average rental price in Laurel Hill / Village is currently $2,153, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 76.4% of Rhode Island neighborhoods.

Laurel Hill / Village is an urban neighborhood (based on population density) located in Cranston, Rhode Island.

Laurel Hill / Village real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Laurel Hill / Village neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in Laurel Hill / Village are 4.4%, which is lower than one will find in 70.4% of American neighborhoods. Demand for real estate in Laurel Hill / Village 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

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

Three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Laurel Hill / Village neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 42.4% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 97.4% of America's neighborhoods.

Diversity

Did you know that the Laurel Hill / Village neighborhood has more Dominican and Portuguese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 14.5% of this neighborhood's residents have Dominican ancestry and 3.8% have Portuguese ancestry.

Laurel Hill / Village is also pretty special linguistically. Significantly, 0.5% 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 98.0% 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 Laurel Hill / Village neighborhood in Cranston are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 82.0% of U.S. neighborhoods. In addition, 6.8% 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 59.2% of America'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 Laurel Hill / Village neighborhood, 29.6% 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 28.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (28.1%), and 13.9% 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 Laurel Hill / Village neighborhood is English, spoken by 64.6% of households. Other important languages spoken here include Spanish 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 Laurel Hill / Village neighborhood in Cranston, RI, residents most commonly identify their ethnicity or ancestry as Italian (23.6%). There are also a number of people of Dominican ancestry (14.5%), and residents who report Irish roots (9.0%), and some of the residents are also of Asian ancestry (8.3%), along with some French ancestry residents (6.5%), among others. In addition, 27.8% 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 Laurel Hill / Village neighborhood spend between 15 and 30 minutes commuting one-way to work (49.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (66.2%) 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 (18.3%) and 8.4% 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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