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Real Estate Prices & Overview

Petworth West median real estate price is $930,156, which is more expensive than 59.7% of the neighborhoods in the District Of Columbia and 88.7% of the neighborhoods in the U.S.

The average rental price in Petworth West is currently $2,345, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 65.4% of District Of Columbia neighborhoods.

Petworth West is a densely urban neighborhood (based on population density) located in Washington, District Of Columbia.

Petworth West real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Petworth West neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

In Petworth West, the current vacancy rate is 1.4%, which is a lower rate of vacancies than 89.3% of all neighborhoods in the U.S. This means that the housing supply in Petworth West is very tight compared to the demand for property here.

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 Washington, the Petworth West neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

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 Petworth West neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 98.6% 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 Petworth West neighborhood.

In addition, petworth West has the amazing distinction of housing more same sex couples living together than 98.6% of neighborhoods in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's analysis shows that this is one place that you should consider.

Also, if knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Petworth West neighborhood, where 45.0% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.7% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 98.3% of the neighborhoods in America.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 98.5% of U.S. neighborhoods.

Also, in the Petworth West neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 36.2% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 98.0% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.

Finally, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.5% of residents in the Petworth West neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 96.7% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Real Estate

If you like crowded places, then you will probably enjoy the the Petworth West neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.6% of neighborhoods in the U.S., with 27,826 people per square mile living here. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The Petworth West neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Petworth West neighborhood could be your paradise. With 24.2% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 4.8% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Petworth West neighborhood have a highly unusual car ownership. 19.7% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.1% of U.S. neighborhoods.

Diversity

Did you know that the Petworth West neighborhood has more Austrian and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.8% of this neighborhood's residents have Austrian ancestry and 3.6% have Eastern European ancestry.

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 Petworth West neighborhood in Washington are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 79.4% of the neighborhoods in America. With 20.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 70.9% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Petworth West neighborhood, 69.1% 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 19.1% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (9.1%), and 8.8% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Petworth West neighborhood is English, spoken by 64.7% of households. Some people also speak Spanish (31.4%).

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 Petworth West neighborhood in Washington, DC, residents most commonly identify their ethnicity or ancestry as English (15.4%). There are also a number of people of Austrian ancestry (7.8%), and residents who report Asian roots (5.7%), and some of the residents are also of Jamaican ancestry (5.2%), along with some German ancestry residents (4.6%), among others. In addition, 21.4% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Petworth West neighborhood spend between 30 and 45 minutes commuting one-way to work (47.9% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (29.4%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (18.7%) and 6.6% 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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