Most Expensive Marblehead Neighborhoods
Marblehead is a medium-sized coastal town (i.e. on the ocean, a bay, or inlet) located in the state of Massachusetts. With a population of 20,454 people and four constituent neighborhoods, Marblehead is the 94th largest community in Massachusetts. Marblehead has a large stock of pre-World War II architecture, making it one of the older and more historic towns in the country.
Marblehead home prices are not only among the most expensive in Massachusetts, but Marblehead real estate also consistently ranks among the most expensive in America.
Marblehead is a decidedly white-collar town, with fully 94.08% of the workforce employed in white-collar jobs, well above the national average. Overall, Marblehead is a town of professionals, managers and sales and office workers. There are especially a lot of people living in Marblehead who work in management occupations (18.47%), sales jobs (14.17%) and teaching (11.35%).
Also of interest is that Marblehead has more people living here who work in computers and math than 95% of the places in the US.
Of important note, Marblehead is also a town of artists. Marblehead has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Marblehead’s character.
Telecommuters are a relatively large percentage of the workforce: 11.24% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Marblehead is home to many people who could be described as "urban sophisticates". Urban sophisticates are people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel.
Because of many things, Marblehead is a great place for families with children to consider. First of all, many other families with children live here, making Marblehead a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Marblehead has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Marblehead’s overall crime rate is lower than average for the country.
One of the nice things about Marblehead is that it is nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Because of this, visitors and locals will often go to these areas to take in the scenery or to enjoy waterfront activities.
Although the majority of commuting trips in the town are by private automobile, Marblehead is somewhat unusual for a town of its size for having a substantial number of people who use public transportation. For a lot of people, the train helps to get to and from their jobs every morning, which benefits everyone in the Marblehead area by reducing both traffic and air pollution.
If knowledge is power, Marblehead is a pretty powerful place. 69.79% of the adults in Marblehead have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Marblehead in 2010 was $59,585, which is wealthy relative to Massachusetts and the nation. This equates to an annual income of $238,340 for a family of four.
The people who call Marblehead home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Marblehead residents report their race to be White, followed by Asian. Important ancestries of people in Marblehead include Irish, English, Italian, German, Russian and French.
The most common language spoken in Marblehead is English. Other important languages spoken here include Russian and Spanish.
|NUMBER OF HOMES AND APARTMENTS||8,127|
|MARBLEHEAD HOME OWNERSHIP|
|% OWNER OCCUPIED||79.34%|
|% RENTER OCCUPIED||20.66%|
|TYPE OF MARBLEHEAD HOMES|
|SINGLE FAMILY DETACHED||70.16%|
|ROWHOUSES AND ATTACHED HOMES||5.39%|
|SMALL APARTMENT BUILDINGS||17.91%|
|COMPLEXES OR HIGH RISE APARTMENTS||6.10%|
|SIZE OF MARBLEHEAD HOMES|
|5 OR MORE BEDROOMS||8.21%|
|AGE OF MARBLEHEAD HOMES|
|NEWER HOMES (2000 OR LATER)||2.95%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||18.32%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||35.92%|
|HISTORIC (1939 OR BEFORE)||42.81%|
|MARBLEHEAD REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$660,013|
|MEDIAN RENTAL PRICE||$1,595|
|HOME VALUE RANGE|
|$0 - $58,000||1.70%|
|$58,001 - $117,000||1.19%|
|$117,001 - $234,000||3.47%|
|$234,001 - $350,000||2.85%|
|$350,001 - $467,000||14.20%|
|$467,001 - $584,000||19.29%|
|$584,001 - $876,000||34.63%|
|$876,001 - $1,168,000||10.39%|
|PEOPLE OF MARBLEHEAD||DETAILS|
|UNDER 5 YEARS||4.85%|
|5 TO 17||20.29%|
|18 TO 24||4.15%|
|25 TO 34||5.02%|
|35 TO 54||31.34%|
|55 TO 64||15.01%|
|65 YEARS AND OVER||19.35%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||98.04%|
|MEDIAN HOUSEHOLD INCOME||$100,709|
|PER CAPITA INCOME||$59,585|
|INDIVIDUALS BELOW POVERTY LEVEL||4.89%|
|INDUSTRIES PEOPLE WORK IN||Education (15.42%)
Professional, scientific, and technical services (15.17%)
Real estate (4.25%)
Information Technology (2.12%)
|BLACK OR AFRICAN AMERICAN||0.70%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.00%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||0.26%|
|TWO OR MORE RACES||1.00%|
|HISPANIC OR LATINO (OF ANY RACE)||2.57%|
|ETHNICITIES PRESENT||Irish (28.36%)
French Canadian (3.84%)
|LANGUAGES SPOKEN||English (91.04%)
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