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Real Estate Prices & Overview

Adams Morgan Northwest median real estate price is $782,508, which is more expensive than 44.2% of the neighborhoods in the District Of Columbia and 80.1% of the neighborhoods in the U.S.

The average rental price in Adams Morgan Northwest is currently $3,276, based on Ä¢¹½ÊÓÆµ's exclusive analysis. The average rental cost in this neighborhood is higher than 64.7% of the neighborhoods in the District Of Columbia.

Adams Morgan Northwest is a densely urban neighborhood (based on population density) located in Washington, District Of Columbia.

Adams Morgan Northwest 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 small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Adams Morgan Northwest 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 Adams Morgan Northwest are 3.6%, which is lower than one will find in 75.0% of American neighborhoods. Demand for real estate in Adams Morgan Northwest 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 Washington, the Adams Morgan Northwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. Ä¢¹½ÊÓÆµ's research revealed that a full 92.9% of the adults living in the Adams Morgan Northwest neighborhood have earned at least a bachelor's degree. This is a higher rate than Ä¢¹½ÊÓÆµ found in 99.9% of U.S. neighborhoods. In this way, this neighborhood truly stands out.

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 Adams Morgan Northwest neighborhood: a neighborhood in which more "urban sophisticates" live than 99.5% 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 active retirees.

Also, the types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. Ä¢¹½ÊÓÆµ's exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 60.8%. This is a higher percent living alone than we found in 98.9% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse.

Occupations

Executives, managers and professionals make up 84.8% of the workforce in the Adams Morgan Northwest neighborhood which, according to Ä¢¹½ÊÓÆµ's exclusive analysis, is a higher proportion of such high-level people than is found in 99.6% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Furthermore, the Adams Morgan Northwest neighborhood has a greater proportion of government workers living in it than 99.0% of the neighborhoods in America, according to Ä¢¹½ÊÓÆµ's exclusive analysis. This is a unique feature of this neighborhood, and one that shapes its character.

Real Estate

The Adams Morgan Northwest neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 37,660 persons per square mile in the neighborhood, it is more packed with people than 97.7% of the nation's neighborhoods. 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 Adams Morgan Northwest neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, the real estate in the Adams Morgan Northwest neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 71.7% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 95.3% of American neighborhoods.

Furthermore, the Adams Morgan Northwest neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 82.1% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Also of note, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Adams Morgan Northwest neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 79.6% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 99.6% of the neighborhoods in the United States.

Modes of Transportation

In the Adams Morgan Northwest neighborhood, walking to work is a real option for many. In fact, Ä¢¹½ÊÓÆµ's exclusive research reveals walking to and from work is the chosen way to commute for 22.3% of residents here. This is a higher proportion of walking commuters than we found in 98.5% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Also, 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 Adams Morgan Northwest 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 Ä¢¹½ÊÓÆµ's exclusive analysis.

Finally, our research revealed that more commuters here take the bus to work (9.9% ride the bus) than 95.0% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Adams Morgan Northwest neighborhood buck this trend. 31.9% of the households in this neighborhood don't own a car at all. This is more carless households than Ä¢¹½ÊÓÆµ found in 97.3% of U.S. neighborhoods.

Diversity

Did you know that the Adams Morgan Northwest neighborhood has more Eastern European and Brazilian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.3% of this neighborhood's residents have Eastern European ancestry and 2.5% have Brazilian ancestry.

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 Adams Morgan Northwest neighborhood in Washington are wealthy, making it among the 15% highest income neighborhoods in America. Ä¢¹½ÊÓÆµ's exclusive analysis reveals that this neighborhood has a higher income than 92.5% of the neighborhoods in America. With 25.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 76.7% 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 Adams Morgan Northwest neighborhood, 84.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is government jobs, whether they are in local, state, or federal positions, with 20.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (5.2%), and 5.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Adams Morgan Northwest neighborhood is English, spoken by 86.7% of households. Some people also speak Spanish (7.2%).

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 Adams Morgan Northwest neighborhood in Washington, DC, residents most commonly identify their ethnicity or ancestry as German (16.7%). There are also a number of people of English ancestry (16.6%), and residents who report Irish roots (12.8%), and some of the residents are also of Italian ancestry (12.3%), along with some Swedish ancestry residents (6.3%), among others.

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 Adams Morgan Northwest neighborhood spend between 15 and 30 minutes commuting one-way to work (43.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (27.7%) 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 (22.3%) and 9.9% of residents also ride the bus 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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