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Real Estate Prices & Overview

Median real estate price in the Town Center of Marblehead is $929,663, which is more expensive than 78.3% of the neighborhoods in Massachusetts and 90.3% of the neighborhoods in the U.S.

The average rental price in Marblehead Town Center is currently $3,390, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 41.4% of Massachusetts neighborhoods.

Marblehead Town Center is an urban neighborhood (based on population density) located in Marblehead, Massachusetts. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Real estate in the Town Center of Marblehead, MA 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 owner occupied. Many of the residences in the Town Center 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.

Home and apartment vacancy rates are 8.2% in Marblehead Town Center. NeighborhoodScout analysis shows that this rate is lower than 47.2% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Real Estate

Do you like a coastal setting? If so, this neighborhood may be to your liking. The Marblehead Town Center 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, Marblehead Town Center 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.

People

If you're a regular supporter of the arts and enjoy outings to the theatre, weekend boutique-ing, or even a finely aged wine with dinner, than you're in good company with the people of the Marblehead Town Center neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 98.5% of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, than you'll certainly feel right at home in the Marblehead Town Center neighborhood.

Diversity

Did you know that the Marblehead Town Center neighborhood has more Irish and Greek ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 35.8% of this neighborhood's residents have Irish ancestry and 3.4% have Greek ancestry.

Marblehead Town Center is also pretty special linguistically. Significantly, 0.2% 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 96.7% 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 Town Center neighborhood in Marblehead 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 88.3% of the neighborhoods in America. In addition, 4.9% 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 65.0% of America's neighborhoods.

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 Marblehead Town Center neighborhood, 62.5% 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 17.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (9.9%), and 9.7% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Marblehead Town Center neighborhood is English, spoken by 95.6% of households.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Town Center neighborhood in Marblehead, MA, residents most commonly identify their ethnicity or ancestry as Irish (35.8%). There are also a number of people of English ancestry (14.0%), and residents who report German roots (12.2%), and some of the residents are also of Italian ancestry (10.9%), along with some Polish ancestry residents (5.8%), among others.

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 Marblehead Town Center neighborhood spend under 15 minutes commuting one-way to work (41.3% of working residents), one of the shortest commutes across America.

Here most residents (54.8%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (9.0%) and 5.3% of residents also take the train 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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