Union Wharf / Union Wharf W median real estate price is $1,203,830, which is more expensive than 88.0% of the neighborhoods in Massachusetts and 94.2% of the neighborhoods in the U.S.
The average rental price in Union Wharf / Union Wharf W is currently $3,578, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 92.2% of the neighborhoods in Massachusetts.
Union Wharf / Union Wharf W is a densely urban neighborhood (based on population density) located in Boston, Massachusetts. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Union Wharf / Union Wharf W 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 small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Union Wharf / Union Wharf W 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.
Union Wharf / Union Wharf W has a 15.3% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 75.4% 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.
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 Union Wharf / Union Wharf W neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The Union Wharf / Union Wharf W neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 34,464 persons per square mile in the neighborhood, it is more packed with people than 97.6% of the nation's neighborhoods. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Union Wharf / Union Wharf W neighborhood is one of the most walkable neighborhoods in America. Do you like a coastal setting? If so, this neighborhood may be to your liking. The Union Wharf / Union Wharf W neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, Union Wharf / Union Wharf W is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.
In addition, one of the really unique and interesting things about the look and setting of the Union Wharf / Union Wharf W neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 77.5% 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 96.8% of all neighborhoods in America.
Furthermore, the Union Wharf / Union Wharf W 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 84.0% 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.
In a nation where 1 out of every 4 children lives in poverty, the Union Wharf / Union Wharf W 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 Union Wharf / Union Wharf W neighborhood is a unique characteristic of the neighborhood. 78.2% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 22.6% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 98.1% of all U.S. neighborhoods.
Also, think about the people you know personally. How many of them would purchase box seats to opening night at the symphony? How many of them regularly attend gallery openings, or are the first to reserve tickets to opening night at the ballet? If they're like most of us, they don't do any of these things. But if you're among an exclusive crowd of wealthy and refined patrons of the arts, then you'll feel right at home in the Union Wharf / Union Wharf W neighborhood: a neighborhood in which more "urban sophisticates" live than 97.3% of neighborhoods across the U.S. Here, your neighbors are defined as having urbane tastes in literature, music, live theatre and the arts. They are wealthy, educated, travel in style, and live a big city lifestyle whether or not they live in or near a big city. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for college students and young, single professionals.
Finally, the types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. NeighborhoodScout's exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 49.9%. This is a higher percent living alone than we found in 96.9% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse.
In the Union Wharf / Union Wharf W neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 49.7% of residents here. This is a higher proportion of walking commuters than we found in 99.6% of American neighborhoods. Get ready to put on your walking shoes if you move here!
Also, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 16.0% of the Union Wharf / Union Wharf W neighborhood's commuters ride the train to and from work each day, which is more than we found in 95.4% of America's neighborhoods.
American households most often have a car, and regularly they have two or three. But households in the Union Wharf / Union Wharf W neighborhood buck this trend. 46.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.4% of U.S. neighborhoods.
With 2.0% of employed workers living in the Union Wharf / Union Wharf W neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 97.5% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.
Furthermore, executives, managers and professionals make up 69.3% of the workforce in the Union Wharf / Union Wharf W neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 97.2% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Did you know that the Union Wharf / Union Wharf W neighborhood has more Italian and Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 30.9% of this neighborhood's residents have Italian ancestry and 1.6% have Armenian ancestry.
Union Wharf / Union Wharf W is also pretty special linguistically. Significantly, 2.8% 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 98.4% of the neighborhoods in America.
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 Union Wharf / Union Wharf W neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 96.2% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
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 Union Wharf / Union Wharf W neighborhood in Boston 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, 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.
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 Union Wharf / Union Wharf W neighborhood, 69.3% 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 21.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (7.4%), and 3.2% in government jobs, whether they are in local, state, or federal positions.
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 Union Wharf / Union Wharf W neighborhood is English, spoken by 82.8% of households. Other important languages spoken here include Spanish, Italian, Portuguese and Chinese.
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 Union Wharf / Union Wharf W neighborhood in Boston, MA, residents most commonly identify their ethnicity or ancestry as Italian (30.9%). There are also a number of people of Irish ancestry (25.4%), and residents who report English roots (13.3%), and some of the residents are also of German ancestry (11.7%), along with some Polish ancestry residents (5.3%), among others. In addition, 11.1% of the residents of this neighborhood were born in another country.
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 Union Wharf / Union Wharf W neighborhood spend between 15 and 30 minutes commuting one-way to work (43.1% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (49.7%) hop out the door and walk to work to get to work. In addition, quite a number also drive alone in a private automobile to get to work (26.7%) and 16.0% of residents also take the train for their daily commute. This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.
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
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: 2018 (latest available). Updated annually. Please note: Unemployment data updated November 2020.
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 about Scout's Demographic Data
Analytics built by: Location, Inc.
Raw data sources: 18,000 local law enforcement agencies in the U.S.
Date(s) & Update Frequency: Reflects 2019 calendar year; released from FBI in Sept. 2020 (latest available). Updated annually. Where is 2020 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 about Scout's Crime Data
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 about Scout's School Data
There are no schools physically located in this neighborhood.
GET FULL REPORTS FOR ANY SCHOOL IN THIS DISTRICTSEE ALL SCHOOLS
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
|Time Period||Total Appreciation||Avg. Annual Rate||
3 Year Forecast:
2020 Q4 - 2023 Q4
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
2000 Q1 - 2020 Q3
|* 10 is highest|