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
Notable & Unique: People
Of note is NeighborhoodScout's research finding that the
Belmont Terrace / Abrahams neighborhood has some of the lowest rates of children
living in poverty of any neighborhood in the United States. In a nation
where approximately 1 in 4 children are living in poverty, the
Belmont Terrace / Abrahams community truly stands out from the rest in this regard.
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 Belmont Terrace / Abrahams neighborhood: a neighborhood in which more
"urban sophisticates" live than 95.0% 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 families with school-aged children.
Notable & Unique: Diversity
Did you know that the Belmont Terrace / Abrahams neighborhood has more
Greek ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 3.4% of
this neighborhood's residents have Greek ancestry.
Belmont Terrace / Abrahams is also pretty special linguistically. Significantly, 3.4% of its residents five years old and above primarily
speak Gujarati, which is native to the Indian state of Gujarat, at home. While this may seem like a small percentage, it is higher
than 99.4% of the neighborhoods in America.
Notable & Unique: Migration / Stability
Some neighborhoods have more internal cohesiveness than others. While other
neighborhoods feel like a collection of strangers who just happen to live
near each other. Sometimes this comes down to not only the personalities
of the people in a place, but how long people have been together in that
neighborhood. NeighborhoodScout's research has revealed some interesting
things about the rootedness of people in the Belmont Terrace / Abrahams
More residents of the Belmont Terrace / Abrahams neighborhood live here
today that also were living in this same neighborhood five years ago
than is found in 98.5% of U.S. neighborhoods. This neighborhood
is really made up of people who know each other, don't move often, and
have lived here in this very neighborhood for quite a while.
Notable & Unique: Real Estate
In addition, owner-occupied real estate dominates the Belmont Terrace / Abrahams neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 97.8% of neighborhoods in America. 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 Belmont Terrace / Abrahams 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.
Furthermore, one way that the Belmont Terrace / Abrahams neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 97.1% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
Also of note, some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the Belmont Terrace / Abrahams neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 96.4% of all American neighborhoods.