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Real Estate Prices & Overview

Beach Terrace / Laurel Park median real estate price is $502,424, which is more expensive than 57.0% of the neighborhoods in Rhode Island and 67.0% of the neighborhoods in the U.S.

The average rental price in Beach Terrace / Laurel Park is currently $2,131, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 75.3% of Rhode Island neighborhoods.

Beach Terrace / Laurel Park is a suburban neighborhood (based on population density) located in Warren, Rhode Island. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Beach Terrace / Laurel Park real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Beach Terrace / Laurel Park neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.

Home and apartment vacancy rates are 9.5% in Beach Terrace / Laurel Park. NeighborhoodScout analysis shows that this rate is lower than 40.5% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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 Warren, the Beach Terrace / Laurel Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Do you like a coastal setting? If so, this neighborhood may be to your liking. The Beach Terrace / Laurel Park neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, Beach Terrace / Laurel Park is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.

People

In a nation where 1 out of every 4 children lives in poverty, the Beach Terrace / Laurel Park neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, if you're planning where to retire, the Beach Terrace / Laurel Park neighborhood in Warren is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in RI, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 88.3% of the neighborhoods in Rhode Island. If you are considering retiring to Rhode Island, this is a good neighborhood to look at.

Diversity

Did you know that the Beach Terrace / Laurel Park neighborhood has more Portuguese and French Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 22.3% of this neighborhood's residents have Portuguese ancestry and 5.1% have French Canadian ancestry.

Beach Terrace / Laurel Park is also pretty special linguistically. Significantly, 7.3% 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 99.6% 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 Beach Terrace / Laurel Park neighborhood in Warren are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 52.8% of the neighborhoods in America. In addition, 0.0% 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 100.0% 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 Beach Terrace / Laurel Park neighborhood, 38.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 28.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (23.3%), and 9.6% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Beach Terrace / Laurel Park neighborhood is English, spoken by 79.5% of households. Some people also speak Portuguese (7.3%).

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 Beach Terrace / Laurel Park neighborhood in Warren, RI, residents most commonly identify their ethnicity or ancestry as Portuguese (22.3%). There are also a number of people of Italian ancestry (17.5%), and residents who report English roots (14.4%), and some of the residents are also of Irish ancestry (10.6%), along with some French ancestry residents (10.6%), among others. In addition, 11.9% 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 Beach Terrace / Laurel Park neighborhood spend under 15 minutes commuting one-way to work (39.7% of working residents), one of the shortest commutes across America.

Here most residents (74.4%) 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 (17.1%) . 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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