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Real Estate Prices & Overview

Rosemont median real estate price is $639,746, which is more expensive than 88.5% of the neighborhoods in Maine and 79.4% of the neighborhoods in the U.S.

The average rental price in Rosemont is currently $2,533, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 89.8% of the neighborhoods in Maine.

Rosemont is an urban neighborhood (based on population density) located in Portland, Maine.

Rosemont real estate 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 occupied by a mixture of owners and renters. Many of the residences in the Rosemont 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 1940 and 1969.

Real estate vacancies in Rosemont are 3.3%, which is lower than one will find in 78.5% of American neighborhoods. Demand for real estate in Rosemont 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

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

People

One of the really interesting characteristics about the Rosemont 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 2.5% of college-friendly places to live in the state of Maine. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for highly educated executives and urban sophisticates.

In addition, with more than 1.7% of residents living with a same sex partner, Rosemont is truly a neighborhood that stands out from the rest in this regard. In fact, exclusive analysis by NeighborhoodScout reveals that this neighborhood has a greater concentration of same sex couples than 95.5% of U.S. neighborhoods.

Real Estate

If you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 58.5% of the residential real estate in the Rosemont neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 96.1% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Diversity

Did you know that the Rosemont neighborhood has more English and Lithuanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 30.3% of this neighborhood's residents have English ancestry and 2.3% have Lithuanian 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 Rosemont neighborhood in Portland are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 69.7% of the neighborhoods in America. In addition, 9.2% 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 52.8% 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 Rosemont neighborhood, 57.4% 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 20.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (12.6%), and 9.2% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Rosemont neighborhood is English, spoken by 93.7% 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 Rosemont neighborhood in Portland, ME, residents most commonly identify their ethnicity or ancestry as English (30.3%). There are also a number of people of Irish ancestry (13.4%), and residents who report French roots (6.1%), and some of the residents are also of Italian ancestry (5.4%), along with some German ancestry residents (5.1%), 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 Rosemont neighborhood spend under 15 minutes commuting one-way to work (48.3% of working residents), one of the shortest commutes across America.

Here most residents (69.8%) 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 (8.5%) . 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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