Boothbay Harbor - Southport, ME - 04538 - Real Estate Market Appreciation & Housing Market Trends

Overview

Boothbay Harbor - Southport is a very small coastal town (i.e. on the ocean, a bay, or inlet) located in the state of Maine. With a population of 2,735 people and just one neighborhood, Boothbay Harbor - Southport is the 176th largest community in Maine. Boothbay Harbor - Southport has an unusually large stock of pre-World War II architecture, making it one of the older and more historic towns.

Boothbay Harbor - Southport real estate is some of the most expensive in Maine, although Boothbay Harbor - Southport house values don't compare to the most expensive real estate in the U.S.

Occupations and Workforce

Unlike some towns where white-collar or blue-collar occupations dominate the local economy, Boothbay Harbor - Southport is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Boothbay Harbor - Southport is a town of professionals, managers, and sales and office workers. There are especially a lot of people living in Boothbay Harbor - Southport who work in management occupations (17.49%), office and administrative support (10.58%), and teaching (10.47%).

Also of interest is that Boothbay Harbor - Southport has more people living here who work in computers and math than 95% of the places in the US.

Telecommuters are a relatively large percentage of the workforce: 13.81% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Setting & Lifestyle

Another notable thing is that Boothbay Harbor - Southport is an extremely popular destination for tourists and seasonal residents. So much of the population is seasonal such that the town鈥檚 population swells significantly during the vacation season, and drops again when the season ends. Because of this, much of the local economy is centered around tourism; some businesses may be operated only during the high season. During the low season, year-round residents will notice that the city is a substantially quieter place to live.

It is a fairly quiet town because there are relatively few of those groups of people who have a tendency to be noisy. (Children, for example, often can't help themselves from being noisy, and being parents ourselves, we know!) Boothbay Harbor - Southport has relatively few families with children living at home, and is quieter because of it. Renters and college students, for their own reasons, can also be noisy. Boothbay Harbor - Southport has few renters and college students. But the biggest reason it is quieter in Boothbay Harbor - Southport than in most places in America, is that there are just simply fewer people living here. If you think trees make good neighbors, Boothbay Harbor - Southport may be for you.

Boothbay Harbor - Southport is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.

Compared to the rest of the country, citizens of Boothbay Harbor - Southport spend much less time in their cars: on average, their commute to work is only 18.77 minutes. This also means that noise and pollution levels in the town are less than they would otherwise be.

Boothbay Harbor - Southport is a small town, and as such doesn't have a public transit system that people use to get to and from their jobs every day.

Demographics

The citizens of Boothbay Harbor - Southport are among the most well-educated in the nation: 46.98% of adults in Boothbay Harbor - Southport have a bachelor's degree or even advanced degree, whereas the average US city has 21.84% holding at least a bachelor's degree.

The per capita income in Boothbay Harbor - Southport in 2022 was $48,608, which is wealthy relative to Maine and the nation. This equates to an annual income of $194,432 for a family of four. However, Boothbay Harbor - Southport contains both very wealthy and poor people as well.

The people who call Boothbay Harbor - Southport home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Boothbay Harbor - Southport residents report their race to be White, followed by Asian. Important ancestries of people in Boothbay Harbor - Southport include English, Irish, French, German, and Scottish.

The most common language spoken in Boothbay Harbor - Southport is English. Other important languages spoken here include Polish and Vietnamese.

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 蘑菇视频's exclusive exploration and analysis.

Real Estate

is a neighborhood that is on the ocean, a bay, or inlet. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. In addition to being coastal, 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.

In addition, despite all of the residential real estate here in the neighborhood, 蘑菇视频 has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 58.9%, which is higher than 99.3% of all U.S. neighborhoods.

People

If you are planning to retire in Maine, this neighborhood should be on your must-see list. For many reasons, may be considered a retiree's dream neighborhood. According to 蘑菇视频's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Maine, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 96.8% of neighborhoods in ME. If a Maine retirement is in your future, this neighborhood should be one of the places you visit.

In addition, with more than 1.9% of residents living with a same sex partner, is truly a neighborhood that stands out from the rest in this regard. In fact, exclusive analysis by 蘑菇视频 reveals that this neighborhood has a greater concentration of same sex couples than 96.5% of U.S. neighborhoods.

Modes of Transportation

In the neighborhood, walking to work is a real option for many. In fact, 蘑菇视频's exclusive research reveals walking to and from work is the chosen way to commute for 11.3% of residents here. This is a higher proportion of walking commuters than we found in 95.7% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Diversity

Did you know that the neighborhood has more English and French ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 28.4% of this neighborhood's residents have English ancestry and 10.0% have French 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. 蘑菇视频's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the neighborhood in Boothbay Harbor - Southport are lower-middle income, making it a below average income neighborhood. 蘑菇视频's research shows that this neighborhood has an income lower than 60.3% of U.S. neighborhoods. With 17.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 64.9% of U.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 neighborhood, 47.9% 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 22.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.0%), and 12.4% in clerical, assistant, and tech support occupations.

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 neighborhood is English, spoken by 92.8% of households. Other important languages spoken here include Polish and Vietnamese.

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 neighborhood in Boothbay Harbor - Southport, ME, residents most commonly identify their ethnicity or ancestry as English (28.4%). There are also a number of people of Irish ancestry (13.3%), and residents who report French roots (10.0%), and some of the residents are also of German ancestry (8.0%), along with some Scottish ancestry residents (4.2%), 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 neighborhood spend under 15 minutes commuting one-way to work (53.0% of working residents), one of the shortest commutes across America.

Here most residents (64.7%) 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 (11.3%) and 10.1% 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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