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Real Estate Prices & Overview

Median real estate price in the Town Center of Charlestown is $673,228, which is more expensive than 77.7% of the neighborhoods in Rhode Island and 77.8% of the neighborhoods in the U.S.

The average rental price in Charlestown Town Center is currently $2,477, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 57.8% of Rhode Island neighborhoods.

Charlestown Town Center is a rural neighborhood (based on population density) located in Charlestown, Rhode Island. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Real estate in the Town Center of Charlestown, RI is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in Charlestown Town Center. The current real estate vacancy rate here is 36.0%. This is higher than the rate of vacancies in 96.7% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (29.0%). 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.

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

Real Estate

Do you like a coastal setting? If so, this neighborhood may be to your liking. The Charlestown Town Center neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, Charlestown Town Center 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 Charlestown Town Center 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 36.0%, which is higher than 96.7% of all U.S. neighborhoods.

People

If you're planning where to retire, the Town Center neighborhood in Charlestown is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in RI, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 87.4% of the neighborhoods in Rhode Island. If you are considering retiring to Rhode Island, this is a good neighborhood to look at.

Diversity

Did you know that the Charlestown Town Center neighborhood has more Portuguese and Italian 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 24.7% have Italian ancestry.

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 neighborhood in Charlestown are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 65.7% of the neighborhoods in America. In addition, 7.3% 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 57.7% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Charlestown Town Center neighborhood, 51.1% 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 18.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (15.3%), and 14.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Charlestown Town Center neighborhood is English, spoken by 97.7% of households.

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 neighborhood in Charlestown, RI, residents most commonly identify their ethnicity or ancestry as Italian (24.7%). There are also a number of people of Irish ancestry (19.8%), and residents who report English roots (18.5%), and some of the residents are also of German ancestry (10.3%), along with some French ancestry residents (7.8%), among others.

Getting to Work

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 Charlestown Town Center neighborhood spend between 15 and 30 minutes commuting one-way to work (43.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (81.7%) drive alone in a private automobile to get to work. 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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