Putnam Ave/Old Church Rd

    Zip Codes 06830, 06831

    Distinguished & Exclusive Neighborhood Characteristics

    What makes a neighborhood? Many things matter, primarily the way a neighborhood looks and its particular character. This particular neighborhood in Greenwich, the Putnam Ave / Old Church Rd neighborhood, has some outstanding things about the way it looks and feels.  the Putnam Ave / Old Church Rd neighborhood is wealthier than 99.9% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the shear amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a remarkable quality of this neighborhood with high appreciation rates.

    Transportation & Commute

    The greatest number of commuters in Putnam Ave / Old Church Rd neighborhood spend under 15 minutes commuting one-way to work (34.4% of working residents), one of the shortest commutes across America. However, there is also a significant group of residents (31.4%) who commute over an hour in each direction.

    Here most residents (52.5%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (22.2%) and 8.6% 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.

    Click to Show Neighborhood Values, Look, Feel & Character

    DETAILS  
    VALUES The median real estate price of $2,223,569 and a rental rate of $1,095.  The apartment vacancy rates in this area are just 9.8%, 43% lower than the national average, which illustrates how coveted this area of Greenwich is for investors and residents.
    THE SETTING Suburban (based on population density)
    TYPE OF HOMES Mostly Single-family homes and a few Complexes/high rise apartments
    SIZE OF HOMES Mostly Large residences (4 or 5 bedrooms), some Medium-sized dwellings (3 or 4 bedrooms) and a few Small dwellings (1, 2, or no bedrooms)
    AGE OF HOMES Mostly Well established older homes (Built 1940 – 1969), some Historic homes (Built 1939 or earlier), some Established but not old (Built 1970 – 1994) and some Newer Homes (Built 1995 or later)
    HOMEOWNERSHIP Mostly Owner occupied – adds to stability and rising values
    SPECIAL CHARACTER Mostly Quiet and Urban Sophisticates, Highly Educated with the Greenwich Library within the neighborhood
    EATERIES Numerous restaurants with one mile, most in walking distance on Greenwich Avenue
    THE NEIGHBORS DETAILS
    AGE & LIFESTYLE Mostly Young singles-upwardly mobile (young, educated, professionally employed, and single), some Families with children (family households with school-aged children), some Mixed ages and some Seniors (people 65 and over)
    EDUCATION LEVEL Rating: 10 (5 is average for the U.S., 10 is most educated)
    INCOME Wealthy (among the 15% most wealthy communities in America)
    OCCUPATIONS Mostly Executive, managerial & professional, some Sales & Service workers and some Clerical, assistants & technical support. Greenwich has many hedge funds and financial services companies which adds to the large demand for office space
    LANGUAGES Mostly English speaking, some Spanish speaking, some French speaking and some Italian speaking