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Real Estate Prices & Overview

Prospect Hill Back Bay East median real estate price is $467,808, which is less expensive than 73.1% of Massachusetts neighborhoods and 36.1% of all U.S. neighborhoods.

The average rental price in Prospect Hill Back Bay East is currently $3,171, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 48.9% of Massachusetts neighborhoods.

Prospect Hill Back Bay East is a densely urban neighborhood (based on population density) located in Lawrence, Massachusetts.

Prospect Hill Back Bay East real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) small apartment buildings and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Prospect Hill Back Bay East 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.

Real estate vacancies in Prospect Hill Back Bay East are 5.0%, which is lower than one will find in 66.7% of American neighborhoods. Demand for real estate in Prospect Hill Back Bay East 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

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

Of particular note, 12.8% of the people in the Prospect Hill Back Bay East neighborhood currently reside in a correction facility, held due to punishment for a crime.

Real Estate

Three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Prospect Hill Back Bay East neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 45.2% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 97.9% of America's neighborhoods.

Diversity

Did you know that the Prospect Hill Back Bay East neighborhood has more Dominican and Lebanese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 47.2% of this neighborhood's residents have Dominican ancestry and 4.1% have Lebanese ancestry.

Prospect Hill Back Bay East is also pretty special linguistically. Significantly, 2.7% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 96.1% of the neighborhoods in America.

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 Prospect Hill Back Bay East neighborhood in Lawrence are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 61.4% of U.S. neighborhoods. With 19.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 67.4% of U.S. neighborhoods.

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 Prospect Hill Back Bay East neighborhood, 36.0% of the working population is employed in manufacturing and laborer 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 30.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.1%), and 16.3% in executive, management, and professional occupations.

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 Prospect Hill Back Bay East neighborhood is Spanish, spoken by 55.6% of households. Other important languages spoken here include English, Arabic and Vietnamese.

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 Prospect Hill Back Bay East neighborhood in Lawrence, MA, residents most commonly identify their ethnicity or ancestry as Dominican (47.2%). There are also a number of people of Puerto Rican ancestry (15.9%), and residents who report French roots (6.8%), and some of the residents are also of Irish ancestry (4.7%), along with some Arab ancestry residents (4.1%), among others. In addition, 39.0% of the residents of this neighborhood were born in another country.

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 Prospect Hill Back Bay East neighborhood spend under 15 minutes commuting one-way to work (37.5% of working residents), one of the shortest commutes across America.

Here most residents (69.2%) 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 (20.3%) . 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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