Real Estate Prices and Overview
East Boston median real estate prices are $308,502, which is more expensive than 47.1% of the neighborhoods
in Massachusetts and 78.9% of the
neighborhoods in the U.S.
Average rental prices in East Boston are currently
$1,148, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 46.8% of Massachusetts neighborhoods.
East Boston is a densely urban neighborhood (based on population
density) located in Boston, Massachusetts.
East Boston real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 East Boston 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 1970 and 1999.
Real estate vacancies in East Boston are 5.3%,
which is lower than one will find in 74.7% of American
neighborhoods. Demand for real estate in East Boston
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 Boston,
the East Boston neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Real Estate
The East Boston neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 55,692 persons per square mile in the neighborhood, it is more packed with people than 98.8% of the nation's neighborhoods. Even if you drive or take transit to your place of employment, many
people enjoy being able to walk in their neighborhood. What many people
don't realize is that most of America's premier vacation locations are
also very walkable. The East Boston neighborhood is among
the top 5% of American neighborhoods in terms of walkability.
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 East Boston 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 71.3% of the real estate here is made up of such dwellings, which is higher than 99.7% of all U.S. neighborhoods.
Furthermore, 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 89.4% of the residential real estate in the East Boston neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 99.9% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
Notable & Unique: Diversity
Did you know that the East Boston neighborhood has more
Brazilian and South American ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 3.9% of
this neighborhood's residents have Brazilian ancestry and 9.7% have South American ancestry.
East Boston is also pretty special linguistically. Significantly, 4.8% of its residents five years old and above primarily
speak Portuguese at home. While this may seem like a small percentage, it is higher
than 99.2% of the neighborhoods in America.
Notable & Unique: Migration/Stability
The freedom of moving to new places versus the comfort of home. How much
and how often people move not only can create diverse and worldly neighborhoods,
but simultaneously it can produce a loss of intimacy with one's surroundings
and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive
research has identified this neighborhood as unique with regard to the
transience of its populace.
What is interesting to note, is that the East Boston
neighborhood has a greater percentage of residents born in another country
(56.9%) than are found in 98.9% of all U.S. neighborhoods.
Notable & Unique: Occupations
There are more people living in the East Boston neighborhood
employed as sales and service workers (50.3%) than almost any neighborhood
in the country. From fast-food service workers to major sales accounts,
sales and service workers make up the largest proportion of our national
employment picture. But despite that size and importance nationally, this
neighborhood still stands out as unique due to the dominance of people
living here who work in such occupations.
Notable & Unique: Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you.
NeighborhoodScout's research revealed that 45.1% of the
East Boston neighborhood's commuters ride the train to and from work each
day, which is more than we found in 98.5% of America's
Notable & Unique: Car Ownership
Most American households own a car or other vehicle. Many own two cars
or perhaps three. In the United States, it is useful to have an automobile
not only for commuting, but also for shopping and getting to other services
one needs. But NeighborhoodScout's analysis revealed that households in
the East Boston neighborhood have a highly unusual car ownership.
27.8% of the households in this neighborhood don't own a car at
all. This is more carless households than NeighborhoodScout found in
96.3% of U.S. neighborhoods.
The Neighbors: Income
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 East Boston neighborhood in Boston are middle-income, making it a moderate income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 50.1% of the neighborhoods in America.
In addition, 14.3% 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.
The Neighbors: Occupations
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 East Boston neighborhood, 49.7%
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 31.9% of the residents employed.
Other residents here are employed in executive, management, and professional occupations
(11.0%), and 5.6% in clerical, assistant, and tech support occupations.
The Neighbors: 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 East Boston neighborhood in Boston, MA, residents
most commonly identify their ethnicity or ancestry as South American
(9.7%). There are also a number of people of Italian ancestry (8.4%) , and residents who report Mexican roots (4.0%) , and some of the residents are also of Brazilian ancestry (3.9%) , along with some Puerto Rican ancestry residents (3.8%), among others. In addition, 56.9% of the residents of this neighborhood were born in another country.
The Neighbors: Languages
The languages spoken by people in this neighborhood are diverse. These are
tabulated as the languages people preferentially speak when they are
at home with their families.
The most common language spoken in the East Boston
neighborhood is Spanish, spoken by 65.4% of households. Other important languages spoken here include English, Portuguese and Arabic.
Getting to Work
How you get to work – car, bus, train or other means – and how much of your
day it takes to do so is a large quality of life and financial issue. Especially
with gasoline prices rising and expected to continue doing so, the length and
means of one's commute can be a financial burden. Some neighborhoods are physically
located so that many residents have to drive in their own car, others are set
up so many walk to work, or can take a train, bus, or bike.
The greatest number of commuters in East Boston neighborhood spend
between 30 and 45 minutes commuting one-way to work (36.0% of working
residents), which is at or a bit above the average length of a commute across all U.S.
Here most residents (45.1%) take the train to get to work.
In addition, quite a number also drive alone in a private automobile to get to work (24.6%) and 14.2% of residents also carpool with coworkers, friends, or neighbors for their daily commute. This neighborhood is distinguished by the high number of residents who take
the train to work each day, which can be a very good way to get to work at
a lower cost and with less pollution.