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Real Estate Prices & Overview

Acorn Terrace / City Center median real estate price is $651,932, which is more expensive than 50.2% of the neighborhoods in Massachusetts and 78.5% of the neighborhoods in the U.S.

The average rental price in Acorn Terrace / City Center is currently $2,016, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 82.9% of Massachusetts neighborhoods.

Acorn Terrace / City Center is a suburban neighborhood (based on population density) located in Franklin, Massachusetts.

Acorn Terrace / City Center 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 Acorn Terrace / City Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.

Real estate vacancies in Acorn Terrace / City Center are 5.9%, which is lower than one will find in 60.8% of American neighborhoods. Demand for real estate in Acorn Terrace / City Center 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 Franklin, the Acorn Terrace / City Center neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

The Acorn Terrace / City Center neighborhood stands out within Massachusetts for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 7.9% of college-friendly places to live in MA.

Diversity

Did you know that the Acorn Terrace / City Center neighborhood has more Romanian and Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 10.6% of this neighborhood's residents have Romanian ancestry and 1.0% have Armenian ancestry.

Acorn Terrace / City Center is also pretty special linguistically. Significantly, 1.7% 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 97.1% 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 Acorn Terrace / City Center neighborhood in Franklin are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 75.4% of the neighborhoods in America. In addition, 9.6% 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 51.8% 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 Acorn Terrace / City Center neighborhood, 53.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 18.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (14.3%), and 14.2% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Acorn Terrace / City Center neighborhood is English, spoken by 80.4% of households. Some people also speak Spanish (2.3%).

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 Acorn Terrace / City Center neighborhood in Franklin, MA, residents most commonly identify their ethnicity or ancestry as Italian (20.9%). There are also a number of people of Irish ancestry (20.6%), and residents who report English roots (11.6%), and some of the residents are also of Romanian ancestry (10.6%), along with some German ancestry residents (9.4%), among others. In addition, 15.3% 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 Acorn Terrace / City Center neighborhood spend between 45 minutes and one hour commuting one-way to work (33.5% of working residents), longer and tougher than most commutes in America.

Here most residents (78.8%) 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 (7.0%) . 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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Crime includes:
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Schools include:
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