Somerville, MA (Broadway / Wallace St)




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Broadway / Wallace St

NEIGHBORHOOD REPORT
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640 Vital Statistics. 29 Condition Alerts found.

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Real Estate


44

Statistics

alerts 4 Alerts

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Demographics alerts

Demographics


136

Statistics

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Crimes alerts

Crimes


67

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Schools alerts

Schools


65

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328

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About Somerville, MA (Broadway / Wallace St)


Real Estate Prices and Overview

Broadway / Wallace St median real estate price is $891,320, which is more expensive than 94.9% of the neighborhoods in Massachusetts and 96.5% of the neighborhoods in the U.S.

The average rental price in Broadway / Wallace St is currently $2,430, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 92.6% of the neighborhoods in Massachusetts.

Broadway / Wallace St is a densely urban neighborhood (based on population density) located in Somerville, Massachusetts.

Broadway / Wallace St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Broadway / Wallace St 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 Broadway / Wallace St are 7.0%, which is lower than one will find in 63.2% of American neighborhoods. Demand for real estate in Broadway / Wallace St 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

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 Somerville, the Broadway / Wallace St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Notable & Unique: People

In a nation where 1 out of every 4 children lives in poverty, the Broadway / Wallace St 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 4.5% of the households are same sex couples. According to NeighborhoodScout's analysis, this is a higher proportion of same sex households than in 99.5% 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 Broadway / Wallace St neighborhood should definitely be on your list of places to consider.

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 Broadway / Wallace St neighborhood: a neighborhood in which more "urban sophisticates" live than 98.8% 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 young, single professionals and highly educated executives.

Finally, the rate of college educated adults in the Broadway / Wallace St neighborhood is a unique characteristic of the neighborhood. 75.9% 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.

Notable & Unique: Real Estate

Corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the Broadway / Wallace St neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 70.1% of the real estate here is made up of such dwellings, which is higher than 99.7% of all U.S. neighborhoods.

In addition, 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 Broadway / Wallace St neighborhood is one of the most walkable neighborhoods in America.

Furthermore, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 80.9% of the residential real estate in the Broadway / Wallace St neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 99.5% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Notable & Unique: Diversity

Did you know that the Broadway / Wallace St neighborhood has more British and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.5% of this neighborhood's residents have British ancestry and 2.5% have Eastern European ancestry.

Broadway / Wallace St is also pretty special linguistically. Significantly, 3.7% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 98.7% of the neighborhoods in America.

Notable & Unique: Occupations

Executives, managers and professionals make up 75.6% of the workforce in the Broadway / Wallace St neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 99.3% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Notable & Unique: Modes of Transportation

If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 6.5% of residents in the Broadway / Wallace St neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 98.4% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Also, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 37.3% of the Broadway / Wallace St neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.0% of America's neighborhoods.

Finally, a unique way of commuting is simply not to. And in the Broadway / Wallace St neighborhood, analysis shows that 12.2% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 96.4% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.


The Neighbors

The Neighbors: Income

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Broadway / Wallace St neighborhood in Somerville 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 89.3% 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 Neighbors: Occupations

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Broadway / Wallace St neighborhood, 75.6% 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 10.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (8.1%), and 5.4% in manufacturing and laborer occupations.

The Neighbors: 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 Broadway / Wallace St neighborhood in Somerville, MA, residents most commonly identify their ethnicity or ancestry as Irish (21.2%). There are also a number of people of German ancestry (16.7%), and residents who report English roots (13.1%), and some of the residents are also of Italian ancestry (12.6%), along with some Asian ancestry residents (4.9%), among others. In addition, 11.7% of the residents of this neighborhood were born in another country.

The Neighbors: Languages

The most common language spoken in the Broadway / Wallace St neighborhood is English, spoken by 91.6% of households. Some people also speak French (3.7%).

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 Broadway / Wallace St neighborhood spend between 30 and 45 minutes commuting one-way to work (33.5% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (37.3%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (35.3%) and 8.6% of residents also hop out the door and walk to work for their daily commute. This neighborhood is distinguished by the high number of residents who take the train to work each day, which can be a very good way to get to work at a lower cost and with less pollution.

Neighborhood Real Estate Data

44 Vital Statistics. 4 Condition Alerts found.

Average Home Values

 

Median Home Value:
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Neighborhood Home Prices

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years of average rent needed to buy average home in this neighborhood
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Average Market Rent

 

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MEDIAN MONTHLY RENT BY NUMBER OF BEDROOMS

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Neighborhood Look and Feel

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Housing Market Details

 

AGE OF Somerville, MA (Broadway / Wallace St) HOMES

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TYPE OF Somerville, MA (Broadway / Wallace St) HOMES

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SIZE OF Somerville, MA (Broadway / Wallace St) HOMES

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SIZE OF Somerville, MA (Broadway / Wallace St) HOMES

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homeownership

 
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Neighborhood Demographics Data

136 Vital Statistics. 2 Condition Alerts found.

Lifestyle

 
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Age / Marital Status

 

Age

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Household Types

 

One person households

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Married Couple with Child

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Single Parent with Child

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Employment Industries in Broadway / Wallace St

 
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Commute to work

 

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Vehicles Per Household

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Migration & Mobility

 
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Race & Ethnic Diversity

 
Diversity Index

(100 is the most diverse)


More diverse than of U.S. neighborhoods.

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Occupations

 
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Ancestries & Languages Spoken

 

Ancestry (top 20)

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Education

 

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income & education

 
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Neighborhood Crime Data

67 Vital Statistics. 2 Condition Alerts found.

Neighborhood Crime Data

 
total Crime Index

(100 is safest)


Safer than of U.S. neighborhoods.

Neighborhood Annual Crimes
  Violent Property Total
Number of Crimes
Crime Rate
(per 1,000 residents)

Neighborhood Violent Crime

violent Crime Index

(100 is safest)


Safer than of U.S. neighborhoods.

Violent Crime Index By Type
Murder
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Rape
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Robbery
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Assault
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100 is safest

100 is safest

100 is safest

100 is safest

violent Crime Comparison (per 1,000 residents)

Crime
Broadway / Wallace St 0.101011101001110
Somerville 0.101011101001110
Massachusetts 3.91
My Chances of Becoming a Victim of a Violent Crime

1 in

in Broadway / Wallace St

1 in

in Somerville

1 in 256

in Massachusetts
Somerville VIOLENT CRIMES
Population:
Murder Rape Robbery Assault
Report Total
Rate per 1,000
United States VIOLENT CRIMES
Population:
Murder Rape Robbery Assault
Report Total
Rate per 1,000

Neighborhood Property Crime

property Crime Index

(100 is safest)


Safer than of U.S. neighborhoods.

Property Crime Index By Type
Burglary
Index
Theft
Index
Motor Vehicle
Theft

100 is safest

100 is safest

100 is safest

property Crime Comparison (per 1,000 residents)

Crime
Broadway / Wallace St 0.101011101001110
Somerville 0.101011101001110
Massachusetts 16.91
My Chances of Becoming a Victim of a Property Crime

1 in

in Broadway / Wallace St

1 in

in Somerville

1 in 59

in Massachusetts
Somerville Property CRIMES
Population:
burglary theft motor vehicle theft
Report Total
Rate per 1,000
United States Property CRIMES
Population:
burglary theft motor vehicle theft
Report Total
Rate per 1,000

Crimes Per Square Mile

Crime
Broadway / Wallace St 0.101011101001110
Somerville 0.101011101001110
Massachusetts 27

Neighborhood Public School Data

65 Vital Statistics. 11 Condition Alerts found.

School Rating Information

 
School Quality

(100 is best)

Better than of U.S. schools.

Neighborhood School Quality Rating

Rates the quality of all K-12 public schools that your children would be exposed to if you lived in this neighborhood. Info

Schools In This Neighborhood

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Neighborhood Educational Environment

Adults In Neighborhood With College Degree Or Higher
Children In The Neighborhood Living In Poverty

This neighborhood is served by 1 district:

SOMERVILLE


Students Enrolled in This District


Schools in District


Students Per Classroom

District Quality Compared to Massachusetts

(10 is best)

Better than of MA school districts.

District Quality Compared to U.S. info

(10 is best)

Better than of US school districts.

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Public School Test Scores (No Child Left Behind)

Discipline District State
Proficiency in Reading and Math 0.101011101001110 0.101011101001110
Proficiency in Reading 0.101011101001110 0.101011101001110
Proficiency in Math 0.101011101001110 0.101011101001110

School District Enrollment By Group

Ethnic/racial Groups This District This State
White (non-hispanic)
Black
Hispanic
Asian Or Pacific Islander
American Indian Or Native Of Alaska
Economic Groups This District This State
ECONOMICALLY DISADVANTAGED
FREE LUNCH ELIGIBLE
REDUCED LUNCH ELIGIBLE

Educational Expenditures

For This District Per Student Total % Of Total
Instructional Expenditures
Support Expenditures
Student
Staff
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Total Support
Non-instructional Expenditures
Total Expenditures

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