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Real Estate Prices & Overview

Narragansett Pier median real estate price is $1,003,165, which is more expensive than 95.6% of the neighborhoods in Rhode Island and 92.2% of the neighborhoods in the U.S.

The average rental price in Narragansett Pier is currently $2,627, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 64.5% of the neighborhoods in Rhode Island.

Narragansett Pier is a rural neighborhood (based on population density) located in Narragansett, Rhode Island. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Narragansett Pier 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 Narragansett Pier neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.

Vacant apartments or homes are a major fact of life in Narragansett Pier. The current real estate vacancy rate here is 40.0%. This is higher than the rate of vacancies in 97.5% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (35.6%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

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

Narragansett Pier 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, Narragansett Pier 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, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 40.0% of the residential real estate vacant, the Narragansett Pier neighborhood claims the distinction of having a higher vacancy rate than 97.5% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

People

Of note is NeighborhoodScout's research finding that the Narragansett Pier 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 Narragansett Pier community truly stands out from the rest in this regard.

In addition, if you are planning to retire in Rhode Island, this neighborhood should be on your must-see list. For many reasons, Narragansett Pier may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Rhode Island, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 98.4% of neighborhoods in RI. If a Rhode Island retirement is in your future, this neighborhood should be one of the places you visit. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for college students and highly educated executives.

Also, an extraordinary 13.2% of the residents of the Narragansett Pier neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.

Diversity

Did you know that the Narragansett Pier neighborhood has more Irish and French Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 29.4% of this neighborhood's residents have Irish ancestry and 5.0% have French Canadian ancestry.

Narragansett Pier is also pretty special linguistically. Significantly, 2.7% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 96.0% 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 Narragansett Pier neighborhood in Narragansett are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 61.9% 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 Narragansett Pier neighborhood, 58.1% 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 17.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (13.6%), and 10.6% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Narragansett Pier neighborhood is English, spoken by 93.1% of households. Some people also speak Arabic (2.7%).

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 Narragansett Pier neighborhood in Narragansett, RI, residents most commonly identify their ethnicity or ancestry as Irish (29.4%). There are also a number of people of Italian ancestry (22.7%), and residents who report English roots (12.5%), and some of the residents are also of French ancestry (10.3%), along with some German ancestry residents (7.9%), 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 Narragansett Pier neighborhood spend under 15 minutes commuting one-way to work (39.9% of working residents), one of the shortest commutes across America.

Here most residents (79.8%) 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 (8.4%) . 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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