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Real Estate Prices & Overview

Town Center / Elmwood median real estate price is $623,858, which is more expensive than 42.8% of the neighborhoods in Massachusetts and 75.5% of the neighborhoods in the U.S.

The average rental price in Town Center / Elmwood is currently $2,812, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 63.7% of Massachusetts neighborhoods.

Town Center / Elmwood is a rural neighborhood (based on population density) located in East Bridgewater, Massachusetts.

Town Center / Elmwood real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Town Center / Elmwood 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.

In Town Center / Elmwood, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Town Center / Elmwood is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

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 East Bridgewater, the Town Center / Elmwood neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

With a real estate vacancy rate of only 0.0%, the Town Center / Elmwood neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.

Diversity

Did you know that the Town Center / Elmwood neighborhood has more Irish and Czechoslovakian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 39.3% of this neighborhood's residents have Irish ancestry and 1.3% have Czechoslovakian ancestry.

Town Center / Elmwood is also pretty special linguistically. Significantly, 1.9% 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 97.5% of the neighborhoods in America.

The Neighbors

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 Town Center / Elmwood neighborhood in East Bridgewater are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 87.3% of the neighborhoods in America. In addition, 2.9% 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 71.7% 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 Town Center / Elmwood neighborhood, 36.1% 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 26.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (24.8%), and 11.5% 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 Town Center / Elmwood neighborhood is English, spoken by 93.0% of households. Other important languages spoken here include Polish and Spanish.

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 Town Center / Elmwood neighborhood in East Bridgewater, MA, residents most commonly identify their ethnicity or ancestry as Irish (39.3%). There are also a number of people of Italian ancestry (14.9%), and residents who report English roots (14.1%), and some of the residents are also of Polish ancestry (8.5%), along with some Swedish ancestry residents (5.8%), among others.

Getting to Work

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 Town Center / Elmwood neighborhood spend under 15 minutes commuting one-way to work (28.1% of working residents), one of the shortest commutes across America.

Here most residents (69.9%) 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 (16.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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