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Real Estate Prices & Overview

Navy Yard West median real estate price is $960,197, which is more expensive than 62.7% of the neighborhoods in the District Of Columbia and 89.5% of the neighborhoods in the U.S.

The average rental price in Navy Yard West is currently $4,118, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 88.9% of the neighborhoods in the District Of Columbia.

Navy Yard West is a densely urban neighborhood (based on population density) located in Washington, District Of Columbia.

Navy Yard West 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 Navy Yard West neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Navy Yard West has a 9.5% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 60.7% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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 Washington, the Navy Yard West neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

In a nation where 1 out of every 4 children lives in poverty, the Navy Yard West neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, the rate of college educated adults in the Navy Yard West neighborhood is a unique characteristic of the neighborhood. 91.4% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 35.0% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 99.8% of all U.S. neighborhoods.

Also, if you're looking for an active nightlife with lots of opportunities to flirt and find romance, then you probably won't have to go too far from the Navy Yard West neighborhood to find it. Only 1.4% of the neighborhoods in the country have a larger proportion of young, single professionals. The nightlife may not be reminiscent of a "Sex and the City" episode, but the people who live here find friendship, romance, fun, and socializing readily available. In addition to being an excellent choice for young, single professionals, this neighborhood is also a very good choice for urban sophisticates.

Finally, one of the most interesting things about the Navy Yard West neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 58.5% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 98.5% of the neighborhoods in America.

Occupations

The Navy Yard West neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 99.9% of the neighborhoods in America. In fact, 90.9% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.

Furthermore, the government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Navy Yard West neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 25.4% of its workforce, this neighborhood has a greater concentration of government workers than 99.7% of U.S. neighborhoods.

In addition, the Navy Yard West neighborhood stands out nationally for having a greater proportion of its residents active in the military than 95.7% of other U.S. neighborhoods. If you come here, you will notice military people active in their jobs, going to and from work, and in plain clothes out and about the neighborhood.

Real Estate

The Navy Yard West 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 98.8% 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.

In addition, one of the really unique and interesting things about the look and setting of the Navy Yard West neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 98.6% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 99.7% of all neighborhoods in America.

Furthermore, homes built from 2000 through today make up a higher proportion of the Navy Yard West neighborhood's real estate landscape than 99.4% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 94.6% of the residential real estate here is classified as newer. In fact, the concentration of newer homes here is so great that they completely dominate the landscape. In most neighborhoods, there is a mixture of ages of residential real estate, but here it is almost completely built during one time frame: 2000 through today.

Also of note, the Navy Yard West neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 60,577 persons per square mile in the neighborhood, it is more packed with people than 98.9% of the nation's neighborhoods.

Finally, renter-occupied real estate is dominant in the Navy Yard West neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 91.6%, which is higher than 97.3% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

Modes of Transportation

More people in Navy Yard West choose to walk to work each day (16.9%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Also, in the Navy Yard West neighborhood, 21.7% 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 97.6% of the neighborhoods in America.

Car Ownership

We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Navy Yard West neighborhood has a highly unusual pattern of car ownership. 28.1% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.9% of U.S. neighborhoods.

Diversity

Did you know that the Navy Yard West neighborhood has more Danish and French Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.2% of this neighborhood's residents have Danish ancestry and 3.8% have French Canadian ancestry.

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. In the Navy Yard West neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.0% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

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 Navy Yard West neighborhood in Washington are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 94.5% 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 Navy Yard West neighborhood, 90.9% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is government jobs, whether they are in local, state, or federal positions, with 25.4% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (4.9%), and 3.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Navy Yard West neighborhood is English, spoken by 91.0% of households. Some people also speak Spanish (5.6%).

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 Navy Yard West neighborhood in Washington, DC, residents most commonly identify their ethnicity or ancestry as German (21.4%). There are also a number of people of English ancestry (16.6%), and residents who report Irish roots (13.4%), and some of the residents are also of Italian ancestry (12.2%), along with some Polish ancestry residents (5.3%), among others.

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 Navy Yard West neighborhood spend between 15 and 30 minutes commuting one-way to work (43.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (30.3%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (21.7%) and 16.9% of residents also hop out the door and walk to work 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.


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