Real Estate Prices and Overview
East Boston median real estate prices are $308,502, which is more expensive than 47.3% of the neighborhoods
in Massachusetts and 79.0% of the
neighborhoods in the U.S.
Average rental prices in East Boston are currently
$983, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 49.2% 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
When you see a neighborhood for the first time, the most important thing
is often the way it looks, like its homes and its setting. Some places look
the same, but they only reveal their true character after living in them for
a while because they contain a unique mix of occupational or cultural groups.
This neighborhood is very unique in some important ways, according to
NeighborhoodScout's exclusive exploration and analysis.
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, three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The East Boston neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 71.3% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.7% of America's neighborhoods.
Furthermore, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The East Boston neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 89.4% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 99.9% of the neighborhoods in the United States.
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
From major sales accounts to fast-food workers, sales and service employees
are often the backbone of the local economy. In the East Boston
neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis
identifies this neighborhood as having a higher percentage of sales and
service workers than 98.8% of all American neighborhoods.
Notable & Unique: Modes of Transportation
In the East Boston neighborhood, 45.1% of people
ride the train to work each day. This is a very high percentage compared
to most places. In fact, NeighborhoodScout's analysis reveals that this
is a higher level of train ridership than in 98.5% of the
neighborhoods in America.
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 complimentary 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
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 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 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 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.