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Real Estate Prices & Overview

River Terrace median real estate price is $465,204, which is less expensive than 85.3% of District Of Columbia neighborhoods and 35.1% of all U.S. neighborhoods.

The average rental price in River Terrace is currently $2,117, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 65.5% of District Of Columbia neighborhoods.

River Terrace is an urban neighborhood (based on population density) located in Washington, District Of Columbia.

River Terrace real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) townhomes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the River Terrace neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in River Terrace are 4.1%, which is lower than one will find in 72.7% of American neighborhoods. Demand for real estate in River Terrace 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 Washington, the River Terrace neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

If you love row houses and attached homes, you will probably really like the River Terrace neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 84.7% of the residential real estate here is classified as row houses and attached homes.

Modes of Transportation

If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 5.7% of residents in the River Terrace neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 98.5% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Also, more people ride the bus in this neighborhood each day to get to work than 96.9% of U.S. neighborhoods.

Finally, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 13.7% of the River Terrace neighborhood's commuters ride the train to and from work each day, which is more than we found in 96.2% of America's neighborhoods.

Occupations

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 River Terrace neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 17.3% of its workforce, this neighborhood has a greater concentration of government workers than 98.2% of U.S. neighborhoods.

Furthermore, the River Terrace neighborhood stands out nationally for having a greater proportion of its residents active in the military than 95.9% 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.

People

River Terrace has the amazing distinction of housing more same sex couples living together than 97.5% of neighborhoods in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's analysis shows that this is one place that you should consider.

Diversity

Did you know that the River Terrace neighborhood has more Sub-Saharan African and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 14.9% of this neighborhood's residents have Sub-Saharan African ancestry and 2.7% have Jamaican ancestry.

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 River Terrace neighborhood in Washington are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 67.6% of the neighborhoods in America. With 11.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 53.8% of U.S. neighborhoods.

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 River Terrace neighborhood, 40.6% 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 28.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (26.0%), and 17.3% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the River Terrace neighborhood is English, spoken by 92.4% of households. Some people also speak Spanish (5.0%).

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 River Terrace neighborhood in Washington, DC, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (14.9%). There are also a number of people of African ancestry (4.6%), and residents who report Jamaican roots (2.7%), and some of the residents are also of German ancestry (2.0%).

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 River Terrace neighborhood spend between 30 and 45 minutes commuting one-way to work (38.4% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (45.8%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (14.0%) and 13.7% 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.


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