640 Vital Statistics. 21 Condition Alerts found.
Riverside median real estate price is $466,457, which is more expensive than 56.9% of the neighborhoods in Massachusetts and 81.6% of the neighborhoods in the U.S.
The average rental price in Riverside is currently $2,936, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 92.2% of the neighborhoods in Massachusetts.
Riverside is a suburban neighborhood (based on population density) located in Billerica, Massachusetts.
Riverside real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Riverside neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Riverside, the current vacancy rate is 2.7%, which is a lower rate of vacancies than 89.0% of all neighborhoods in the U.S. This means that the housing supply in Riverside is very tight compared to the demand for property here.
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 Billerica, the Riverside neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Of particular note, 12.1% of the people in the Riverside neighborhood currently reside in a correction facility, held due to punishment for a crime.
In addition, if you're looking for a great spot to raise a family, then look no further than the Riverside neighborhood. NeighborhoodScout's analysis found that the combination of good quality public schools, above-average safety from crime, and a high rate of home ownership in predominantly single-family homes, help make this neighborhood among the top 10.1% of family-friendly neighborhoods across the state of Massachusetts. In addition, there are a high proportion of other families with school-aged children living here, making it easy for parents and their children to socialize and develop a sense of community support. In addition, families here highly value education, as is reflected by the strength of the local schools, in part due to the educational attainment of the parents here, who vote in support of the public schools.
Did you know that the Riverside neighborhood has more Portuguese and Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.8% of this neighborhood's residents have Portuguese ancestry and 26.7% have Irish ancestry.
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 Riverside neighborhood in Billerica 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 91.4% of the neighborhoods in America. In addition, 3.4% 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 81.8% of America'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 Riverside neighborhood, 40.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 24.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (18.4%), and 16.0% in clerical, assistant, and tech support occupations.
The most common language spoken in the Riverside neighborhood is English, spoken by 86.4% of households. Some people also speak Spanish (6.6%).
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 Riverside neighborhood in Billerica, MA, residents most commonly identify their ethnicity or ancestry as Irish (26.7%). There are also a number of people of Italian ancestry (23.5%), and residents who report English roots (10.6%), and some of the residents are also of French ancestry (5.1%), along with some Portuguese ancestry residents (4.8%), among others. In addition, 10.3% of the residents of this neighborhood were born in another country.
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 Riverside neighborhood spend between 15 and 30 minutes commuting one-way to work (33.4% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (92.0%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
Analytics built by: Location, Inc.
Raw data sources: National Agriculture Statistics Service, U.S. Department of Agriculture, Federal Housing Finance Agency, U.S. Department of Housing and Urban Development, U.S. Bureau of the Census, U.S. Geological Service, American Community Survey.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
44 Vital Statistics. 6 Condition Alerts found.
Analytics built by: Location, Inc.
Raw data sources: American Community Survey, U.S. Bureau of the Census, U.S. Department of Education, 50 state departments of education, U.S. Bureau of Labor Statistics, Federal Bureau of Investigation, 18,000+ local law enforcement agencies, Federal Housing Finance Agency, U.S. Geological Service, National Agricultural Statistics Service.
Date(s) & Update Frequency: 2016 (latest available). Updated annually.
Methodology: Unlike standardly available Census demographics, NeighborhoodScout uses dozens of custom models to transform 8.5 million raw demographic data elements from government sources into proprietary indices and insights…. Read more
136 Vital Statistics. 0 Condition Alerts found.
Analytics built by: Location, Inc.
Raw data sources: 18,000 local law enforcement agencies in the U.S.
Date(s) & Update Frequency: Reflects 2017 calendar year; released from FBI in Sept. 2018 (latest available). Updated annually. Where is 2018 data?
Methodology: Our nationwide meta-analysis overcomes the issues inherent in any crime database, including non-reporting and reporting errors. This is possible by associating the 9.4 million reported crimes in the U.S, including over 2 million geocoded point locations…. Read more
67 Vital Statistics. 3 Condition Alerts found.
Crime | |
---|---|
Riverside | 0.101011101001110 |
Billerica | 0.101011101001110 |
Massachusetts | 3.58 |
Crime | |
---|---|
Riverside | 0.101011101001110 |
Billerica | 0.101011101001110 |
Massachusetts | 14.37 |
Crime | |
---|---|
Riverside | 0.101011101001110 |
Billerica | 0.101011101001110 |
Massachusetts | 24 |
Analytics built by: Location, Inc.
Methodology: Only NeighborhoodScout gives you nationally comparable school ranks based on test scores, so you can directly compare the quality of schools in any location. Read more
65 Vital Statistics. 1 Condition Alert found.
Discipline | District | State |
---|---|---|
Proficiency in Reading and Math | 0.101011101001110 | 0.101011101001110 |
Proficiency in Reading | 0.101011101001110 | 0.101011101001110 |
Proficiency in Math | 0.101011101001110 | 0.101011101001110 |
School Details | Grades | Quality Rating Compared to MA | Quality Rating Compared to Nation |
---|---|---|---|
Billerica Memorial High School
35 River Street Billerica, MA 01821 |
09-12 | ||
Eugene C Vining School
121 Lexington Road Billerica, MA 01821 |
KG-05 | ||
Frederick J Dutile School
10 Dutile School Road North Billerica, MA 01862 |
KG-05 | ||
Hajjar Elementary School
59 Rogers Street Billerica, MA 01862 |
KG-05 | ||
John F Kennedy School
20 Kimbrough Road Billerica, MA 01821 |
KG-05 | ||
Locke Middle School
110 Allen Road Billerica, MA 01821 |
06-08 | ||
Marshall Middle School
15 Floyd Street Billerica, MA 01821 |
06-08 | ||
Parker School
52 River Street Billerica, MA 01821 |
KG-05 | ||
Thomas Ditson School
39 Cook Street Billerica, MA 01821 |
KG-05 |
Analytics built by: Location, Inc.
Raw data sources: U.S. Department of Education, 50 state departments of education, U.S. Bureau of Labor Statistics, Dow Jones S&P, Federal Bureau of Investigation, 18,000+ local law enforcement agencies, Federal Housing Finance Agency, U.S. Bureau of the Census, American Community Survey, U.S. Department of Housing and Urban Development, U.S. Geological Service, U.S. Department of Transportation, LEHD Origin-Destination Employment Statistics, Federal Highway Administration, National Agricultural Statistics.
Methodology: Scout Vision uniquely solves for investment risk by generating Home Price Appreciation projections with unprecedented geographic granularity and predictive accuracy, for every micro-neighborhood (block group) in the U.S. Read more
328 Vital Statistics. 11 Condition Alerts found.
Time Period | Total Appreciation | Avg. Annual Rate |
Compared To
Metro* |
Compared To
America* |
---|---|---|---|---|
3 Year Forecast:
2018 Q4 - 2021 Q4 |
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Latest Quarter:
2018 Q2 - 2018 Q3 |
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Last 12 Months:
2017 Q3 - 2018 Q3 |
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Last 2 Years:
2016 Q3 - 2018 Q3 |
||||
Last 5 Years:
2013 Q3 - 2018 Q3 |
||||
Last 10 Years:
2008 Q3 - 2018 Q3 |
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Since 2000:
2000 Q1 - 2018 Q3 |
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* 10 is highest |
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