Median real estate price in the City Center of New Bedford is $341,562, which is less expensive than 92.6% of Massachusetts neighborhoods and 54.6% of all U.S. neighborhoods.
The average rental price in New Bedford City Center is currently $1,426, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 98.0% of Massachusetts neighborhoods.
New Bedford City Center is a densely urban neighborhood (based on population density) located in New Bedford, Massachusetts.
Real estate in the City Center of New Bedford, MA 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 City Center 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 New Bedford City Center, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in New Bedford City Center is very tight compared to the demand for property here.
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 New Bedford, the City Center neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
85.5% of the real estate in the New Bedford City Center neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America. This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the New Bedford City Center neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
In addition, even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The New Bedford City Center neighborhood is among the top 5% of American neighborhoods in terms of walkability.
Of particular note, 5.3% of the people in the City Center neighborhood currently reside in a correction facility, held due to punishment for a crime.
In addition, the New Bedford City Center neighborhood stands out for having an average per capita income lower than 97.8% of the neighborhoods in the United States.
Did you know that the New Bedford City Center neighborhood has more Portuguese and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 10.6% of this neighborhood's residents have Portuguese ancestry and 29.6% have Puerto Rican ancestry.
New Bedford City Center is also pretty special linguistically. Significantly, 7.0% 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 99.5% of the neighborhoods in America.
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 City Center neighborhood in New Bedford are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 97.8% of U.S. neighborhoods. With 31.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 82.8% 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 New Bedford City Center neighborhood, 32.9% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 32.1% of the residents employed. Other residents here are employed in executive, management, and professional occupations (22.4%), and 12.5% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
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 New Bedford City Center neighborhood is English, spoken by 69.2% of households. Other important languages spoken here include Spanish and Portuguese.
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 City Center neighborhood in New Bedford, MA, residents most commonly identify their ethnicity or ancestry as Puerto Rican (29.6%). There are also a number of people of Sub-Saharan African ancestry (15.5%), and residents who report English roots (11.1%), and some of the residents are also of Portuguese ancestry (10.6%), along with some Irish ancestry residents (5.7%), among others.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in New Bedford City Center neighborhood spend under 15 minutes commuting one-way to work (48.5% of working residents), one of the shortest commutes across America.
Here most residents (61.7%) 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 (17.2%) and 9.9% of residents also hop out the door and walk to work 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.