University Park median real estate price is $564,126, which is more expensive than 35.5% of the neighborhoods in Massachusetts and 71.4% of the neighborhoods in the U.S.
The average rental price in University Park is currently $2,329, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 76.8% of Massachusetts neighborhoods.
University Park is a densely urban neighborhood (based on population density) located in Worcester, Massachusetts.
University Park 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 University Park 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.
Real estate vacancies in University Park are 4.9%, which is lower than one will find in 67.2% of American neighborhoods. Demand for real estate in University Park is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
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
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 University Park 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 62.0% of the real estate here is made up of such dwellings, which is higher than 99.3% of all U.S. neighborhoods.
In addition, if you like crowded places, then you will probably enjoy the the University Park neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.1% of neighborhoods in the U.S., with 20,987 people per square mile living here. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The University Park neighborhood is among the top 5% of American neighborhoods in terms of walkability.
Furthermore, 88.6% of the real estate in the University Park neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Also of note, 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 54.7% of the residential real estate in the University Park neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 95.1% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
People
NeighborhoodScout's analysis shows that the University Park neighborhood has a greater concentration of residents currently enrolled in college than 98.5% of the neighborhoods in the U.S. With 29.1% of the population here attending college, this is very much a college-focused neighborhood.
In addition, one of the unique characteristics of the University Park neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 95.7% of the neighborhoods in America.
Also, the University Park neighborhood stands out within Massachusetts for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 8.2% of college-friendly places to live in MA.
Modes of Transportation
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 University Park neighborhood is a fantastic option for bicycle commuters, as 3.9% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 97.1% of the neighborhoods in America.
Also, more people in University Park choose to walk to work each day (11.0%) 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.
Diversity
Did you know that the University Park neighborhood has more Puerto Rican and French Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 20.7% of this neighborhood's residents have Puerto Rican ancestry and 5.0% have French Canadian ancestry.
University Park is also pretty special linguistically. Significantly, 1.8% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 98.8% of the neighborhoods in America.
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 University Park 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 95.7% of U.S. neighborhoods. With 30.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 81.9% of U.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 University Park neighborhood, 32.9% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 32.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (19.8%), and 13.2% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
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 University Park neighborhood is English, spoken by 50.4% of households. Other important languages spoken here include Spanish, Vietnamese and Chinese.
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 University Park neighborhood in Worcester, MA, residents most commonly identify their ethnicity or ancestry as Puerto Rican (20.7%). There are also a number of people of Irish ancestry (19.2%), and residents who report Asian roots (15.7%), and some of the residents are also of Italian ancestry (7.7%), along with some French Canadian ancestry residents (5.0%), among others. In addition, 28.2% 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 University Park neighborhood spend under 15 minutes commuting one-way to work (46.6% of working residents), one of the shortest commutes across America.
Here most residents (53.6%) 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 (17.5%) and 11.0% of residents also hop out the door and walk to work 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.
