College Park / Franklin and Marshall College median real estate price is $361,886, which is more expensive than 66.6% of the neighborhoods in Pennsylvania and 49.0% of the neighborhoods in the U.S.
The average rental price in College Park / Franklin and Marshall College is currently $1,705, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 51.5% of Pennsylvania neighborhoods.
College Park / Franklin and Marshall College is a densely urban neighborhood (based on population density) located in Lancaster, Pennsylvania.
College Park / Franklin and Marshall College real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) townhomes and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the College Park / Franklin and Marshall College 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 6.7% in College Park / Franklin and Marshall College. NeighborhoodScout analysis shows that this rate is lower than 55.7% of the neighborhoods in the nation, approximately near the middle range for vacancies.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
People
For many reasons, College Park / Franklin and Marshall College is rated by NeighborhoodScout as one of the top 0.8% of ideal neighborhoods for first-time home buyers in the state of Pennsylvania. Homes here are priced below median housing values in the state, yet the neighborhood has a track record according to NeighborhoodScout's exclusive neighborhood home appreciation rates of above average real estate appreciation over the last five years compared to other PA neighborhoods, protecting your investment in your first home, while simultaneously making it less risky for your lender. Not only does this neighborhood stand out for combining price and home value stability or increases, it also is a neighborhood with a high quality resident population according exclusive data, meaning this is likely a good place to buy, live, and enjoy. While many first time home buyers focus purely on low cost and convenient location, which can risk your investment in your first home and put you in a less than desirable neighborhood, this neighborhood is a true standout for a lot of reasons, and definitely worth a look if you are a first time home buyer. In addition to being an excellent choice for first-time home buyers, this neighborhood is also a very good choice for college students and highly educated executives.
In addition, neighborhoodScout's analysis shows that the College Park / Franklin and Marshall College neighborhood has a greater concentration of residents currently enrolled in college than 98.8% of the neighborhoods in the U.S. With 36.4% of the population here attending college, this is very much a college-focused neighborhood.
Also, with more than 1.9% of residents living with a same sex partner, College Park / Franklin and Marshall College is truly a neighborhood that stands out from the rest in this regard. In fact, exclusive analysis by NeighborhoodScout reveals that this neighborhood has a greater concentration of same sex couples than 96.5% of U.S. neighborhoods.
Modes of Transportation
More people in College Park / Franklin and Marshall College choose to walk to work each day (30.0%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Also, would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the College Park / Franklin and Marshall College neighborhood is a fantastic option for bicycle commuters, as 5.4% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 98.4% of the neighborhoods in America.
Real Estate
Many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the College Park / Franklin and Marshall College neighborhood could be your paradise. With 43.0% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 1.6% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.
In addition, 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 College Park / Franklin and Marshall College neighborhood is one of the most walkable neighborhoods in America.
Furthermore, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 70.9% of the residential real estate in the College Park / Franklin and Marshall College neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 98.7% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
Diversity
Did you know that the College Park / Franklin and Marshall College neighborhood has more Swiss and Scottish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.0% of this neighborhood's residents have Swiss ancestry and 5.2% have Scottish ancestry.
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 College Park / Franklin and Marshall College neighborhood in Lancaster are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 49.4% of the neighborhoods in America. In addition, 8.6% 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 54.2% 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 College Park / Franklin and Marshall College neighborhood, 45.6% 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 27.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (13.8%), and 13.6% in manufacturing and laborer 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 College Park / Franklin and Marshall College neighborhood is English, spoken by 86.6% of households. Other important languages spoken here include Spanish and Polish.
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 College Park / Franklin and Marshall College neighborhood in Lancaster, PA, residents most commonly identify their ethnicity or ancestry as German (29.7%). There are also a number of people of Irish ancestry (9.7%), and residents who report Puerto Rican roots (8.3%), and some of the residents are also of Italian ancestry (7.1%), along with some English ancestry residents (5.4%), 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 College Park / Franklin and Marshall College neighborhood spend under 15 minutes commuting one-way to work (52.3% of working residents), one of the shortest commutes across America.
Here most residents (54.1%) 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 (30.0%) and 5.4% of residents also bicycle 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.
