Worcester Polytechnic Institute median real estate price is $537,447, which is more expensive than 33.8% of the neighborhoods in Massachusetts and 70.4% of the neighborhoods in the U.S.
The average rental price in Worcester Polytechnic Institute is currently $2,505, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 69.2% of Massachusetts neighborhoods.
Worcester Polytechnic Institute is a densely urban neighborhood (based on population density) located in Worcester, Massachusetts.
Worcester Polytechnic Institute 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. Most of the residential real estate is renter occupied. Many of the residences in the Worcester Polytechnic Institute 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.
Vacant apartments or homes are a major fact of life in Worcester Polytechnic Institute. The current real estate vacancy rate here is 21.5%. This is higher than the rate of vacancies in 88.6% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.
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 Worcester, the Worcester Polytechnic Institute neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
People
The Worcester Polytechnic Institute neighborhood stands out for having an average per capita income lower than 95.1% of the neighborhoods in the United States. In a nation where 1 out of every 4 children lives in poverty, the Worcester Polytechnic Institute neighborhood also stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, an extraordinary 87.6% of the residents of the Worcester Polytechnic Institute neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.
Also, one of the really interesting characteristics about the Worcester Polytechnic Institute 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 2.0% of college-friendly places to live in the state of Massachusetts.
Modes of Transportation
In the Worcester Polytechnic Institute 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 39.0% of residents here. This is a higher proportion of walking commuters than we found in 99.5% of American neighborhoods. Get ready to put on your walking shoes if you move here!
Real Estate
Corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the Worcester Polytechnic Institute neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 65.2% of the real estate here is made up of such dwellings, which is higher than 99.5% of all U.S. neighborhoods.
In addition, 99.5% of the real estate in the Worcester Polytechnic Institute neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Furthermore, being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Worcester Polytechnic Institute neighborhood is one of the most walkable neighborhoods in America.
Also of note, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Worcester Polytechnic Institute neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 66.3% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 97.9% of the neighborhoods in the United States.
Car Ownership
American households most often have a car, and regularly they have two or three. But households in the Worcester Polytechnic Institute neighborhood buck this trend. 27.1% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.8% of U.S. neighborhoods.
Length of Commute
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Worcester Polytechnic Institute neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 61.0% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 96.4% of U.S. neighborhoods. Less time commuting means more time for other things in life.
Migration / Stability
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the Worcester Polytechnic Institute neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.9% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
Diversity
Did you know that the Worcester Polytechnic Institute neighborhood has more French Canadian and Lebanese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.1% of this neighborhood's residents have French Canadian ancestry and 1.1% have Lebanese ancestry.
Worcester Polytechnic Institute is also pretty special linguistically. Significantly, 7.5% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 96.9% of the neighborhoods in America.
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 Worcester Polytechnic Institute neighborhood in Worcester are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 95.1% of U.S. neighborhoods. 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.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Worcester Polytechnic Institute neighborhood, 53.8% 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 28.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (9.3%), and 8.2% 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 Worcester Polytechnic Institute neighborhood is English, spoken by 77.5% of households. Other important languages spoken here include Chinese and Spanish.
Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Worcester Polytechnic Institute neighborhood in Worcester, MA, residents most commonly identify their ethnicity or ancestry as Italian (17.5%). There are also a number of people of Irish ancestry (17.2%), and residents who report Asian roots (11.7%), and some of the residents are also of German ancestry (8.6%), along with some English ancestry residents (6.7%), among others. In addition, 17.5% of the residents of this neighborhood were born in another country.
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 Worcester Polytechnic Institute neighborhood spend under 15 minutes commuting one-way to work (61.0% of working residents), one of the shortest commutes across America.
Here most residents (39.0%) hop out the door and walk to work to get to work. In addition, quite a number also drive alone in a private automobile to get to work (32.4%) and 10.5% of residents also carpool with coworkers, friends, or neighbors for their daily commute. This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.
