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Real Estate Prices & Overview

Siasconset median real estate price is $3,189,343, which is more expensive than 99.3% of the neighborhoods in Massachusetts and 99.4% of the neighborhoods in the U.S.

The average rental price in Siasconset is currently $4,998, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 91.9% of the neighborhoods in Massachusetts.

Siasconset is a remote neighborhood (based on population density) located in Nantucket, Massachusetts. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Siasconset real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Siasconset neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Vacant apartments or homes are a major fact of life in Siasconset. The current real estate vacancy rate here is 81.8%. This is higher than the rate of vacancies in 99.9% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (81.8%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

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

Siasconset 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, Siasconset 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, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 81.8% of the residential real estate vacant, the Siasconset neighborhood claims the distinction of having a higher vacancy rate than 99.9% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

People

Of note is NeighborhoodScout's research finding that the Siasconset 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 Siasconset community truly stands out from the rest in this regard.

In addition, if you're nearing retirement age, or in retirement, the Siasconset is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 8.9% of retiree-friendly neighborhoods in Massachusetts, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in Massachusetts. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for urban sophisticates.

Modes of Transportation

If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 6.6% of residents in the Siasconset neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 99.0% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Siasconset neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Siasconset neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 65.7% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 97.7% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Diversity

Did you know that the Siasconset neighborhood has more Canadian and Lebanese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.7% of this neighborhood's residents have Canadian ancestry and 2.3% have Lebanese ancestry.

Siasconset is also pretty special linguistically. Significantly, 10.0% 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 99.6% 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 Siasconset neighborhood in Nantucket 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 86.2% 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.

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 Siasconset neighborhood, 49.1% 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 37.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (7.9%), and 5.3% 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 Siasconset neighborhood is English, spoken by 82.5% of households. Other important languages spoken here include Korean, Spanish and Polish.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Siasconset neighborhood in Nantucket, MA, residents most commonly identify their ethnicity or ancestry as Irish (23.0%). There are also a number of people of Asian ancestry (15.1%), and residents who report English roots (7.2%), and some of the residents are also of Scottish ancestry (4.9%), along with some Scots-Irish ancestry residents (4.1%), among others. In addition, 21.5% 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 Siasconset neighborhood spend under 15 minutes commuting one-way to work (65.7% of working residents), one of the shortest commutes across America.

Here most residents (55.0%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (9.0%) and 6.6% of residents also bicycle 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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