Penn Quarter median real estate price is $961,451, which is more expensive than 63.4% of the neighborhoods in the District Of Columbia and 89.4% of the neighborhoods in the U.S.
The average rental price in Penn Quarter is currently $5,058, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 96.3% of the neighborhoods in the District Of Columbia.
Penn Quarter is an urban neighborhood (based on population density) located in Washington, District Of Columbia.
Penn Quarter 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 Penn Quarter neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Penn Quarter. The current real estate vacancy rate here is 17.8%. This is higher than the rate of vacancies in 84.6% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.
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.
Of note is NeighborhoodScout's research finding that the Penn Quarter neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Penn Quarter community truly stands out from the rest in this regard.
In addition, some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 54.9% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 99.6% of U.S. neighborhoods, where the average American neighborhood has 13.7% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.
Also, one of the most interesting things about the Penn Quarter neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 59.7% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 98.7% of the neighborhoods in America.
The Penn Quarter neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 99.9% of the neighborhoods in America. In fact, 92.1% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.
Furthermore, the government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Penn Quarter neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 30.6% of its workforce, this neighborhood has a greater concentration of government workers than 99.9% of U.S. neighborhoods.
In addition, with 3.7% of employed workers living in the Penn Quarter neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 98.0% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.
In the Penn Quarter neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 38.1% of residents here. This is a higher proportion of walking commuters than we found in 99.5% of American neighborhoods. Get ready to put on your walking shoes if you move here!
Also, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 20.4% of the Penn Quarter neighborhood's commuters ride the train to and from work each day, which is more than we found in 97.4% of America's neighborhoods.
The Penn Quarter 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 96.4% 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.
In addition, the real estate in the Penn Quarter 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, 94.7% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 98.9% of American neighborhoods.
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Penn Quarter neighborhood has a highly unusual pattern of car ownership. 45.7% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.5% of U.S. neighborhoods.
Did you know that the Penn Quarter neighborhood has more West Indian and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.7% of this neighborhood's residents have West Indian ancestry and 3.5% have Haitian ancestry.
Penn Quarter is also pretty special linguistically. Significantly, 3.3% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 97.9% of the neighborhoods in America.
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 Penn Quarter neighborhood in Washington 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 93.1% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America'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 Penn Quarter neighborhood, 92.1% 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 30.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (6.4%), and 3.7% in the military.
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 Penn Quarter neighborhood is English, spoken by 77.3% of households. Other important languages spoken here include Spanish and Korean.
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 Penn Quarter neighborhood in Washington, DC, residents most commonly identify their ethnicity or ancestry as Irish (15.3%). There are also a number of people of Italian ancestry (13.1%), and residents who report Asian roots (11.7%), and some of the residents are also of English ancestry (11.7%), along with some German ancestry residents (11.6%), among others. In addition, 22.3% of the residents of this neighborhood were born in another country.
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 Penn Quarter neighborhood spend between 15 and 30 minutes commuting one-way to work (37.6% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (38.1%) hop out the door and walk to work to get to work. In addition, quite a number also take the train to get to work (20.4%) and 11.5% of residents also drive alone in a private automobile for their daily commute. This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.
