Prudence Island / Homestead median real estate price is $909,191, which is more expensive than 81.7% of the neighborhoods in Rhode Island and 84.4% of the neighborhoods in the U.S.
The average rental price in Prudence Island / Homestead is currently $2,550, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 41.8% of Rhode Island neighborhoods.
Prudence Island / Homestead is a rural neighborhood (based on population density) located in Portsmouth, Rhode Island. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Prudence Island / Homestead real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Prudence Island / Homestead neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Vacant apartments or homes are a major fact of life in Prudence Island / Homestead. The current real estate vacancy rate here is 41.4%. This is higher than the rate of vacancies in 97.9% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (30.3%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.
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.
Prudence Island / Homestead is a neighborhood that is on the ocean, a bay, or inlet. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. In addition to being coastal, Prudence Island / Homestead is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.
In addition, despite all of the residential real estate here in the Prudence Island / Homestead neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 41.4%, which is higher than 97.9% of all U.S. neighborhoods.
Of note is NeighborhoodScout's research finding that the Prudence Island / Homestead neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Prudence Island / Homestead community truly stands out from the rest in this regard.
In addition, if you're nearing retirement age, or in retirement, the Prudence Island / Homestead is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 8.5% of retiree-friendly neighborhoods in Rhode Island, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in Rhode Island. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for highly educated executives.
Did you know that the Prudence Island / Homestead neighborhood has more Portuguese and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.8% of this neighborhood's residents have Portuguese ancestry and 2.6% have Eastern European ancestry.
Prudence Island / Homestead is also pretty special linguistically. Significantly, 1.2% 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 95.7% 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 Prudence Island / Homestead neighborhood in Portsmouth are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 73.1% 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.
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 Prudence Island / Homestead neighborhood, 62.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 14.4% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (12.2%), and 10.9% in manufacturing and laborer occupations.
The most common language spoken in the Prudence Island / Homestead neighborhood is English, spoken by 93.7% of households. Some people also speak Polish (2.7%).
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 Prudence Island / Homestead neighborhood in Portsmouth, RI, residents most commonly identify their ethnicity or ancestry as Irish (15.5%). There are also a number of people of English ancestry (12.3%), and residents who report German roots (10.6%), and some of the residents are also of Italian ancestry (8.9%), along with some French ancestry residents (8.0%), 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 Prudence Island / Homestead neighborhood spend under 15 minutes commuting one-way to work (35.1% of working residents), one of the shortest commutes across America.
Here most residents (68.0%) 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 (10.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.