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Real Estate Prices & Overview

Fairmount median real estate price is $796,868, which is more expensive than 61.8% of the neighborhoods in Massachusetts and 83.8% of the neighborhoods in the U.S.

The average rental price in Fairmount is currently $4,055, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 72.5% of the neighborhoods in Massachusetts.

Fairmount is an urban neighborhood (based on population density) located in Boston, Massachusetts.

Fairmount real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Fairmount 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 1940 and 1969.

Real estate vacancies in Fairmount are 3.4%, which is lower than one will find in 77.8% of American neighborhoods. Demand for real estate in Fairmount 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

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 get around.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 16.1% of the Fairmount neighborhood's commuters ride the train to and from work each day, which is more than we found in 96.6% of America's neighborhoods.

People

An extraordinary 11.5% of the residents of the Fairmount neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.

In addition, the Fairmount neighborhood stands out within Massachusetts for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 6.7% of college-friendly places to live in MA. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for urban sophisticates.

Real Estate

Three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Fairmount neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 32.6% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 95.4% of America's neighborhoods.

Diversity

Did you know that the Fairmount neighborhood has more Dominican and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 13.5% of this neighborhood's residents have Dominican ancestry and 5.9% have Haitian ancestry.

Fairmount is also pretty special linguistically. Significantly, 0.8% of its residents five years old and above primarily speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher than 98.5% of the neighborhoods in America.

The Neighbors

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 Fairmount neighborhood in Boston 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 89.5% of the neighborhoods in America. In addition, 2.7% 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 72.7% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Fairmount neighborhood, 53.9% 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 16.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (16.3%), and 13.4% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

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 Fairmount neighborhood is English, spoken by 61.3% of households. Other important languages spoken here include Spanish, French and Italian.

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 Fairmount neighborhood in Boston, MA, residents most commonly identify their ethnicity or ancestry as Irish (14.1%). There are also a number of people of Dominican ancestry (13.5%), and residents who report Italian roots (10.5%), and some of the residents are also of Puerto Rican ancestry (5.9%), along with some Haitian ancestry residents (5.9%), among others. In addition, 26.6% of the residents of this neighborhood were born in another country.

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 Fairmount neighborhood spend between 45 minutes and one hour commuting one-way to work (35.7% of working residents), longer and tougher than most commutes in America.

Here most residents (61.9%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (16.1%) and 6.8% of residents also carpool with coworkers, friends, or neighbors for their daily commute. 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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