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Real Estate Prices & Overview

Framingham Center / Framingham State University median real estate price is $876,058, which is more expensive than 66.6% of the neighborhoods in Massachusetts and 85.3% of the neighborhoods in the U.S.

The average rental price in Framingham Center / Framingham State University is currently $3,274, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 51.1% of Massachusetts neighborhoods.

Framingham Center / Framingham State University is an urban neighborhood (based on population density) located in Framingham, Massachusetts.

Framingham Center / Framingham State University 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 Framingham Center / Framingham State University neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In Framingham Center / Framingham State University, 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 Framingham Center / Framingham State University is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Real Estate

With a real estate vacancy rate of only 0.0%, the Framingham Center / Framingham State University neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.

People

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

In addition, neighborhoodScout's analysis shows that the Framingham Center / Framingham State University neighborhood has a greater concentration of residents currently enrolled in college than 98.5% of the neighborhoods in the U.S. With 28.8% of the population here attending college, this is very much a college-focused neighborhood.

Also, one of the really interesting characteristics about the Framingham Center / Framingham State University neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 4.0% of college-friendly places to live in the state of Massachusetts.

Modes of Transportation

In the Framingham Center / Framingham State University neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 11.7% of residents here. This is a higher proportion of walking commuters than we found in 95.8% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Framingham Center / Framingham State University neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 95.5% of all American neighborhoods.

Diversity

Did you know that the Framingham Center / Framingham State University neighborhood has more Brazilian and Czechoslovakian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 12.1% of this neighborhood's residents have Brazilian ancestry and 1.2% have Czechoslovakian ancestry.

Framingham Center / Framingham State University is also pretty special linguistically. Significantly, 3.7% 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 98.9% 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 Framingham Center / Framingham State University neighborhood in Framingham are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 70.4% 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.

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 Framingham Center / Framingham State University neighborhood, 41.2% 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 38.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.7%), and 5.7% in clerical, assistant, and tech support occupations.

Languages

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 Framingham Center / Framingham State University neighborhood is English, spoken by 59.0% of households. Other important languages spoken here include Spanish, Chinese and Portuguese.

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 Framingham Center / Framingham State University neighborhood in Framingham, MA, residents most commonly identify their ethnicity or ancestry as Irish (12.9%). There are also a number of people of Asian ancestry (12.8%), and residents who report Brazilian roots (12.1%), and some of the residents are also of Italian ancestry (8.2%), along with some English ancestry residents (5.7%), among others. In addition, 34.5% 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 Framingham Center / Framingham State University neighborhood spend under 15 minutes commuting one-way to work (30.7% of working residents), one of the shortest commutes across America.

Here most residents (61.0%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (11.7%) and 10.0% of residents also carpool with coworkers, friends, or neighbors 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.


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