Real Estate Prices and Overview
Germantown median real estate prices are $309,683, which is more expensive than 47.5% of the neighborhoods
in Massachusetts and 79.0% of the
neighborhoods in the U.S.
Average rental prices in Germantown are currently
$985, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 63.1% of Massachusetts neighborhoods.
Germantown is a densely urban neighborhood (based on population
density) located in Boston, Massachusetts.
Germantown real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and townhomes.
Most of the residential real estate is renter occupied. Many of
the residences in the Germantown neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Germantown, the current vacancy rate is 2.1%,
which is a lower rate of vacancies than 91.7% of all neighborhoods
in the U.S. This means that the housing supply in Germantown
is very tight compared to the demand for property here.
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 Germantown neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Diversity
Did you know that the Germantown neighborhood has more
Lebanese and Arab ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 4.5% of
this neighborhood's residents have Lebanese ancestry and 6.0% have Arab ancestry.
Germantown is also pretty special linguistically. Significantly, 5.5% of its residents five years old and above primarily
speak African languages at home. While this may seem like a small percentage, it is higher
than 99.1% of the neighborhoods in America.
Notable & Unique: People
Whether by choice, divorce, or unplanned pregnancy, single moms may have
the toughest job in the book. NeighborhoodScout's exclusive analysis reveals
that the Germantown neighborhood has more single mother
households than 98.5% of the neighborhoods in the U.S.
Often high concentrations of single mother homes can be a strong indicator
of family and social issues such as poverty, high rates of school dropouts,
crime, and other societal problems.
In addition, an extraordinary 12.0% of the residents of the
Germantown 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.
Also, with a nice mix of college students, safety from crime, and decent
walkability, the Germantown neighborhood rates highly
as a college student friendly place to live, and one that college
students and their parents may want to consider. NeighborhoodScout's
analysis shows that it rates more highly for a good place for college
students to live than 86% of the neighborhoods in
MA. This often also means that the area has certain amenities
and services geared towards college students, from undergraduates to
Notable & Unique: Real Estate
In addition, the Germantown neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 81.0% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
The Neighbors: Income
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 Germantown neighborhood in Boston are low income, making it among the lowest income neighborhoods in America.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 85.7% of U.S. neighborhoods.
With 16.8% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 52.3%
of U.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 Germantown neighborhood, 47.3%
of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is
clerical, assistant, and tech support occupations, with 22.3% of the residents employed.
Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants
(21.9%), and 8.4% in manufacturing and laborer 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 Germantown neighborhood in Boston, MA, residents
most commonly identify their ethnicity or ancestry as Sub-Saharan African
(11.8%). There are also a number of people of Irish ancestry (9.6%) , and residents who report Dominican roots (8.7%) , and some of the residents are also of Puerto Rican ancestry (7.0%) , along with some Arab ancestry residents (6.0%), among others. In addition, 30.7% 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 Germantown
neighborhood is English, spoken by 50.8% of households. Other important languages spoken here include Spanish, African languages, Arabic and French.
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 Germantown neighborhood spend
between 30 and 45 minutes commuting one-way to work (36.3% of working
residents), which is at or a bit above the average length of a commute across all U.S.
Here most residents (71.3%) 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 (15.2%) and 7.3% of residents also take the train 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.