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Real Estate Prices & Overview

New Britain Southeast median real estate price is $247,276, which is less expensive than 89.9% of Connecticut neighborhoods and 70.0% of all U.S. neighborhoods.

The average rental price in New Britain Southeast is currently $2,150, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 70.3% of Connecticut neighborhoods.

New Britain Southeast is an urban neighborhood (based on population density) located in New Britain, Connecticut.

New Britain Southeast real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) small apartment buildings and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the New Britain Southeast 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 1940 and 1969.

Home and apartment vacancy rates are 7.0% in New Britain Southeast. NeighborhoodScout analysis shows that this rate is lower than 54.0% 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 New Britain, the New Britain Southeast neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The New Britain Southeast neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 61.6% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.3% of America's neighborhoods.

Occupations

More people work in manufacturing and as laborers here in the New Britain Southeast neighborhood than in 95.9% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

Diversity

Did you know that the New Britain Southeast neighborhood has more Yugoslav and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.7% of this neighborhood's residents have Yugoslav ancestry and 39.9% have Puerto Rican ancestry.

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 New Britain Southeast neighborhood in New Britain are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 85.1% of U.S. neighborhoods. With 27.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 78.6% of U.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 New Britain Southeast neighborhood, 42.8% of the working population is employed in manufacturing and laborer 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 29.6% of the residents employed. Other residents here are employed in executive, management, and professional occupations (15.7%), and 12.0% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the New Britain Southeast neighborhood is English, spoken by 53.3% of households. Some people also speak Spanish (38.7%).

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 New Britain Southeast neighborhood in New Britain, CT, residents most commonly identify their ethnicity or ancestry as Puerto Rican (39.9%). There are also a number of people of Irish ancestry (7.0%), and residents who report English roots (6.5%), and some of the residents are also of Polish ancestry (5.5%), along with some Italian ancestry residents (4.8%), among others. In addition, 17.1% 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 New Britain Southeast neighborhood spend under 15 minutes commuting one-way to work (53.1% of working residents), one of the shortest commutes across America.

Here most residents (75.4%) 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 (17.3%) . 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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