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Real Estate Prices & Overview

Carpenters Corner / Luthers Corners median real estate price is $355,490, which is more expensive than 29.2% of the neighborhoods in Rhode Island and 50.5% of the neighborhoods in the U.S.

The average rental price in Carpenters Corner / Luthers Corners is currently $2,785, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 73.8% of the neighborhoods in Rhode Island.

Carpenters Corner / Luthers Corners is a suburban neighborhood (based on population density) located in East Providence, Rhode Island.

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

Real estate vacancies in Carpenters Corner / Luthers Corners are 5.4%, which is lower than one will find in 63.5% of American neighborhoods. Demand for real estate in Carpenters Corner / Luthers Corners 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.

Diversity

Did you know that the Carpenters Corner / Luthers Corners neighborhood has more Portuguese and French Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 34.5% of this neighborhood's residents have Portuguese ancestry and 3.1% have French Canadian ancestry.

Carpenters Corner / Luthers Corners is also pretty special linguistically. Significantly, 19.7% 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 99.9% 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 Carpenters Corner / Luthers Corners neighborhood in East Providence are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 89.3% of U.S. neighborhoods. In addition, 9.5% 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 51.9% 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 Carpenters Corner / Luthers Corners neighborhood, 34.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 24.4% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (22.2%), and 19.4% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Carpenters Corner / Luthers Corners neighborhood is English, spoken by 75.0% of households. Some people also speak Portuguese (19.7%).

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 Carpenters Corner / Luthers Corners neighborhood in East Providence, RI, residents most commonly identify their ethnicity or ancestry as Portuguese (34.5%). There are also a number of people of Irish ancestry (14.5%), and residents who report Sub-Saharan African roots (7.7%), and some of the residents are also of Italian ancestry (7.3%), along with some Polish ancestry residents (5.9%), among others. In addition, 17.8% 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 Carpenters Corner / Luthers Corners neighborhood spend between 15 and 30 minutes commuting one-way to work (51.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (87.2%) 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.


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