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.
|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|
|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|