In addition, corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Newton Corner neighborhood, and/or an issue with creating enough supply for the demand. This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. This means that the housing supply in Newton Corner is very tight compared to the demand for property here. In Newton Corner, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. A number of residences were also built between 19. Many of the residences in the Newton Corner neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. Most of the residential real estate is occupied by a mixture of owners and renters. Newton Corner real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and apartment complexes/high-rise apartments. Newton Corner is a densely urban neighborhood (based on population density) located in Watertown, Massachusetts. The average rental cost in this neighborhood is higher than 83.9% of the neighborhoods in Massachusetts. The average rental price in Newton Corner is currently $4,619, based on NeighborhoodScout's exclusive analysis. Newton Corner median real estate price is $670,268, which is more expensive than 62.4% of the neighborhoods in Massachusetts and 83.8% of the neighborhoods in the U.S. If there was not a name available, we named the census tract by the largest street intersection in the census tract (e.g., Worcester, MA (Lincoln St/Plantation St) ![]() Then we named each census tract to the local colloquially recognized neighborhood name for that spot (e.g., Boston, MA (Dorchester). ![]() Since census tracts are subdivisions of a county, we did a spatial overlay of the census tracts onto city and town boundaries using a geographic information system to properly assign each census tract to its appropriate city or town. ![]() In urban areas, they are small, and in rural areas they can cover an entire small town or even a few small towns in very rural areas. Because census tracts are based on population, they vary in size depending on the density of settlement. This is the most fine-grained area for which detailed information is made available from the government, to protect the individual privacy of each of us. Census tracts usually have 4,000 persons, but can range between 1,500 and 8,000 persons. Census Bureau in conjunction with local authorities all across the country to define real neighborhoods that are bounded to contain areas with homogeneous population characteristics (including economic status, lifestyle, and living conditions). ![]() NeighborhoodScout® uses the official government designation for neighborhoods - the census tract.Ĭensus tracts are small, relatively permanent subdivisions of a county that are defined by the U.S.
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