College Hill East median real estate price is $1,018,369, which is more expensive than 94.2% of the neighborhoods in Rhode Island and 90.7% of the neighborhoods in the U.S.
The average rental price in College Hill East is currently $2,812, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 66.8% of the neighborhoods in Rhode Island.
College Hill East is an urban neighborhood (based on population density) located in Providence, Rhode Island.
College Hill East real estate is primarily made up of small (studio to two bedroom) to large (four, five or more bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the College Hill East 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 1970 and 1999.
College Hill East has a 14.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 76.4% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are 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 Providence, the College Hill East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
People
In a nation where 1 out of every 4 children lives in poverty, the College Hill East 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 College Hill East neighborhood has a greater concentration of residents currently enrolled in college than 99.1% of the neighborhoods in the U.S. With 46.9% of the population here attending college, this is very much a college-focused neighborhood.
Also, one of the really interesting characteristics about the College Hill East 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 4.9% of college-friendly places to live in the state of Rhode Island. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for young, single professionals.
Modes of Transportation
In the College Hill East 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 39.2% 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!
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 Hill East neighborhood is a fantastic option for bicycle commuters, as 3.2% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 96.1% of the neighborhoods in America.
Real Estate
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 Hill East neighborhood is one of the most walkable neighborhoods in America.
In addition, 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 College Hill East neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 86.3% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 99.9% of the neighborhoods in the United States.
Length of Commute
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the College Hill East neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 57.2% 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 95.0% of U.S. neighborhoods. Less time commuting means more time for other things in life.
Diversity
Did you know that the College Hill East neighborhood has more Armenian and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.2% of this neighborhood's residents have Armenian ancestry and 9.6% have Russian ancestry.
College Hill East is also pretty special linguistically. Significantly, 2.8% 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 98.5% of the neighborhoods in America.
Migration / Stability
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the College Hill East neighborhood. In the College Hill East neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 96.6% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
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 College Hill East neighborhood in Providence are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 75.0% 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.
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 College Hill East neighborhood, 60.4% 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 26.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (8.1%), and 5.3% 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 Hill East neighborhood is English, spoken by 67.3% of households. Other important languages spoken here include Chinese, Spanish and Portuguese.
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 Hill East neighborhood in Providence, RI, residents most commonly identify their ethnicity or ancestry as Asian (23.7%). There are also a number of people of Russian ancestry (9.6%), and residents who report Italian roots (7.5%), and some of the residents are also of Armenian ancestry (6.2%), along with some Irish ancestry residents (6.0%), among others. In addition, 26.4% of the residents of this neighborhood were born in another country.
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 College Hill East neighborhood spend under 15 minutes commuting one-way to work (57.2% of working residents), one of the shortest commutes across America.
Here most residents (39.2%) 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 (37.7%) . 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.
