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Real Estate Prices & Overview

Lower South Providence median real estate price is $220,229, which is less expensive than 90.1% of Rhode Island neighborhoods and 75.0% of all U.S. neighborhoods.

The average rental price in Lower South Providence is currently $2,251, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 65.4% of Rhode Island neighborhoods.

Lower South Providence is a suburban neighborhood (based on population density) located in Providence, Rhode Island. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Lower South Providence real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Lower South Providence 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 2000 and the present.

Real estate vacancies in Lower South Providence are 4.6%, which is lower than one will find in 69.2% of American neighborhoods. Demand for real estate in Lower South Providence is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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

Lower South Providence 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, Lower South Providence 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, corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the Lower South Providence neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 69.0% of the real estate here is made up of such dwellings, which is higher than 99.7% of all U.S. neighborhoods.

Modes of Transportation

In the Lower South Providence neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 34.3% of commuters carpool here, which is more than in 99.4% of all U.S. neighborhoods.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Lower South Providence neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 17.5% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 99.2% of all neighborhoods in America.

Occupations

Each year, fewer and fewer Americans make their living as farmers, foresters, or fishers. But the Lower South Providence neighborhood truly stands out among U.S. neighborhoods. According to exclusive NeighborhoodScout analysis, this neighborhood has a greater proportion of farmers, foresters, or fishers than 96.2% of all American neighborhoods. This is truly a unique cultural characteristic of this neighborhood.

People

One of the unique characteristics of the Lower South Providence neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 95.9% of the neighborhoods in America.

In addition, divorcees may find friendship and understanding in this neighborhood, as 20.1% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 95.6% of the neighborhoods in America.

Diversity

Did you know that the Lower South Providence neighborhood has more Dominican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 55.3% of this neighborhood's residents have Dominican ancestry and 8.0% have Puerto Rican ancestry.

Lower South Providence is also pretty special linguistically. Significantly, 57.8% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 95.3% of all U.S. neighborhoods.

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 Lower South Providence neighborhood. What is interesting to note, is that the Lower South Providence neighborhood has a greater percentage of residents born in another country (52.4%) than are found in 98.1% of all U.S. neighborhoods.

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 Lower South Providence neighborhood in Providence are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 95.9% of U.S. neighborhoods. With 20.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 69.3% of U.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 Lower South Providence neighborhood, 36.7% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 21.3% of the residents employed. Other residents here are employed in executive, management, and professional occupations (20.2%), and 17.4% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Lower South Providence neighborhood is Spanish, spoken by 57.8% of households. Some people also speak English (30.3%).

Ethnicity / Ancestry

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 Lower South Providence neighborhood in Providence, RI, residents most commonly identify their ethnicity or ancestry as Dominican (55.3%). There are also a number of people of Puerto Rican ancestry (8.0%), and residents who report Sub-Saharan African roots (3.7%), and some of the residents are also of Irish ancestry (2.8%), along with some African ancestry residents (2.6%), among others. In addition, 52.4% 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 Lower South Providence neighborhood spend between 15 and 30 minutes commuting one-way to work (28.8% of working residents), which is shorter than the time spent commuting to work for most Americans. However, there is also a significant group of residents (17.5%) who commute over an hour in each direction.

Here most residents (59.4%) 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 (34.3%) and 5.3% of residents also hop out the door and walk to work 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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