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Real Estate Prices & Overview

Framingham Center / Framingham State University median real estate price is $876,058, which is more expensive than 66.6% of the neighborhoods in Massachusetts and 85.3% of the neighborhoods in the U.S.

The average rental price in Framingham Center / Framingham State University is currently $3,274, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 51.1% of Massachusetts neighborhoods.

Framingham Center / Framingham State University is an urban neighborhood (based on population density) located in Framingham, Massachusetts.

Framingham Center / Framingham State University real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Framingham Center / Framingham State University neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In Framingham Center / Framingham State University, 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 Framingham Center / Framingham State University is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Real Estate

With a real estate vacancy rate of only 0.0%, the Framingham Center / Framingham State University 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.

People

Of note is NeighborhoodScout's research finding that the Framingham Center / Framingham State University 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 Framingham Center / Framingham State University community truly stands out from the rest in this regard.

In addition, neighborhoodScout's analysis shows that the Framingham Center / Framingham State University neighborhood has a greater concentration of residents currently enrolled in college than 98.5% of the neighborhoods in the U.S. With 28.8% of the population here attending college, this is very much a college-focused neighborhood.

Also, one of the really interesting characteristics about the Framingham Center / Framingham State University 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 4.0% of college-friendly places to live in the state of Massachusetts.

Modes of Transportation

More people in Framingham Center / Framingham State University choose to walk to work each day (11.7%) 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.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Framingham Center / Framingham State University neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 95.5% of all American neighborhoods.

Diversity

Did you know that the Framingham Center / Framingham State University neighborhood has more Brazilian and Czechoslovakian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 12.1% of this neighborhood's residents have Brazilian ancestry and 1.2% have Czechoslovakian ancestry.

Framingham Center / Framingham State University is also pretty special linguistically. Significantly, 3.7% 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 98.9% of the neighborhoods in America.

The Neighbors

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 Framingham Center / Framingham State University neighborhood in Framingham are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 70.4% 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 Framingham Center / Framingham State University neighborhood, 41.2% 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 38.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.7%), and 5.7% 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 Framingham Center / Framingham State University neighborhood is English, spoken by 59.0% of households. Other important languages spoken here include Spanish, Chinese and Portuguese.

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 Framingham Center / Framingham State University neighborhood in Framingham, MA, residents most commonly identify their ethnicity or ancestry as Irish (12.9%). There are also a number of people of Asian ancestry (12.8%), and residents who report Brazilian roots (12.1%), and some of the residents are also of Italian ancestry (8.2%), along with some English ancestry residents (5.7%), among others. In addition, 34.5% of the residents of this neighborhood were born in another country.

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 Framingham Center / Framingham State University neighborhood spend under 15 minutes commuting one-way to work (30.7% of working residents), one of the shortest commutes across America.

Here most residents (61.0%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (11.7%) and 10.0% of residents also carpool with coworkers, friends, or neighbors 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.


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