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Real Estate Prices & Overview

Dionis / Madaket median real estate price is $2,086,114, which is more expensive than 98.5% of the neighborhoods in Massachusetts and 99.0% of the neighborhoods in the U.S.

The average rental price in Dionis / Madaket is currently $4,998, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 91.9% of the neighborhoods in Massachusetts.

Dionis / Madaket is a remote neighborhood (based on population density) located in Nantucket, Massachusetts. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Dionis / Madaket real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Dionis / Madaket neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Vacant apartments or homes are a major fact of life in Dionis / Madaket. The current real estate vacancy rate here is 79.2%. This is higher than the rate of vacancies in 99.9% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (77.2%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

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 Nantucket, the Dionis / Madaket neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Do you like a coastal setting? If so, this neighborhood may be to your liking. The Dionis / Madaket 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, Dionis / Madaket 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. One of the notable things about Dionis / Madaket is that it is one of the quietest neighborhoods in America, according to NeighborhoodScout's exclusive analysis and quantitative rating of quietness. When you are here, you will find it to be very quiet. If quiet and peaceful are your cup of tea, you may have found a great place for you.

In addition, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 79.2% of the residential real estate vacant, the Dionis / Madaket neighborhood claims the distinction of having a higher vacancy rate than 99.9% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

People

In a nation where 1 out of every 4 children lives in poverty, the Dionis / Madaket neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, the first thing that you'll notice if you moved to this neighborhood is that an astounding 3.7% of the households are same sex couples. According to NeighborhoodScout's analysis, this is a higher proportion of same sex households than in 99.6% of the neighborhoods in America. This is one indicator that this neighborhood is likely a gay-friendly neighborhood. So if you are looking for such a neighborhood, the Dionis / Madaket neighborhood should definitely be on your list of places to consider.

Also, if you are planning to retire in Massachusetts, this neighborhood should be on your must-see list. For many reasons, Dionis / Madaket may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Massachusetts, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 97.1% of neighborhoods in MA. If a Massachusetts retirement is in your future, this neighborhood should be one of the places you visit.

Diversity

Did you know that the Dionis / Madaket neighborhood has more Irish and British ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 44.0% of this neighborhood's residents have Irish ancestry and 4.6% have British ancestry.

Dionis / Madaket is also pretty special linguistically. Significantly, 7.1% of its residents five years old and above primarily speak Italian at home. While this may seem like a small percentage, it is higher than 96.0% 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 Dionis / Madaket neighborhood in Nantucket are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 100.0% of U.S. neighborhoods. 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 Dionis / Madaket neighborhood, 63.1% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 15.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (11.4%), and 10.3% in clerical, assistant, and tech support 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 Dionis / Madaket neighborhood is English, spoken by 96.6% of households. Other important languages spoken here include Italian, Polish and Spanish.

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 Dionis / Madaket neighborhood in Nantucket, MA, residents most commonly identify their ethnicity or ancestry as Irish (44.0%). There are also a number of people of English ancestry (13.4%), and residents who report Italian roots (9.1%), and some of the residents are also of Polish ancestry (5.5%), along with some Russian ancestry residents (4.8%), among others.

Getting to Work

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 Dionis / Madaket neighborhood spend under 15 minutes commuting one-way to work (41.6% of working residents), one of the shortest commutes across America.

Here most residents (63.0%) 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 (10.1%) . 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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