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 Newton,
the Watertown St / Washington St neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: People
If you come to know the people here, you will recognize that you're
in the company of one of the wealthiest communities in the nation. In
fact, a mere 2.5% of America's neighborhoods are wealthier than the
Watertown St / Washington St neighborhood. Real estate here is exceedingly
well-maintained, and similarly, tends to maintain its value over time.
The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and
Lexus. If the public schools aren't up to snuff, the residents of this
neighborhood preferentially send their children to private preparatory
schools. Vacation to Disney? Yes, but equally popular are summers in Europe.
As one would expect in a considerably wealthy neighborhood such as this,
Watertown St / Washington St also has one of the lowest ratings of child
poverty in the nation.
In addition, 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 Watertown St / Washington St neighborhood: a neighborhood in which more
"urban sophisticates" live than 99.5% 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 highly educated executives and active retirees.
Also, some neighborhoods have residents that are more educated than others. But
in this neighborhood there is a dramatic difference. NeighborhoodScout's
exclusive analysis reveals that 38.4% of the adults here have
earned a Masters degree, medical degree, Ph.D. or law degree. This is a
higher rate of people with a graduate degree than is found in
97.9% of U.S. neighborhoods, where the average American
neighborhood has 8.4% of its adults with a graduate degree. If you are
highly educated, you may have much in common with many of your neighbors here.
Notable & Unique: Diversity
Did you know that the Watertown St / Washington St neighborhood has more
Eastern European and Armenian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 1.6% of
this neighborhood's residents have Eastern European ancestry and 1.0% have Armenian ancestry.
Watertown St / Washington St is also pretty special linguistically. Significantly, 2.7% 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 98.6% of the neighborhoods in America.
Notable & Unique: Occupations
The Watertown St / Washington St neighborhood has a higher proportion of
its residents employed as executives, managers and professionals than
97.6% of the neighborhoods in American. In fact, 68.7%
of the employed people here make a living as an executive, a manager, or
other professional. With such a high concentration, this truly shapes
the character of this neighborhood, and to a large degree defines what
this neighborhood is about.
Notable & Unique: Real Estate
In addition, this neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.5% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Watertown St / Washington St neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.