About Newton, MA (Chestnut Hill South) Real Estate Prices and Overview Chestnut Hill South median real estate price is $1,476,859, which is more expensive than 86.4% of the neighborhoods in Massachusetts and 93.9% of the neighborhoods in the U.S. The average rental price in Chestnut Hill South is currently $6,278, based on 蘑菇视频's exclusive analysis. The average rental cost in this neighborhood is higher than 99.3% of the neighborhoods in Massachusetts. Chestnut Hill South is a suburban neighborhood (based on population density) located in Newton, Massachusetts. Chestnut Hill South 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 single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Chestnut Hill South neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999. Chestnut Hill South has a 14.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 76.8% of American neighborhoods). A relatively large percentage of housing here is seasonally occupied (7.5%), which can occur in some markets dominated by colleges or vacation homes. If you live here year round, you will find many of the homes or apartments are empty for all or a portion of the year. Notable & Unique Neighborhood Characteristics Notable & Unique: People If you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 3.1% of America's neighborhoods are wealthier than the Chestnut Hill South neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe. As one would expect in a considerably wealthy neighborhood such as this, Chestnut Hill South also has one of the lowest ratings of child poverty in the nation. In addition, some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. 蘑菇视频's exclusive analysis reveals that 51.0% 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 99.2% 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, if you are planning to retire in Massachusetts, this neighborhood should be on your must-see list. For many reasons, Chestnut Hill South 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 Massachusetts, 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 99.2% of neighborhoods in MA. If a Massachusetts retirement is in your future, this neighborhood should be one of the places you visit. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for urban sophisticates and highly educated executives. Notable & Unique: Occupations The Chestnut Hill South neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 97.6% of the neighborhoods in America. In fact, 75.4% 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. Notable & Unique: Modes of Transportation If you like to ride the train to work, this neighborhood may be for you. 蘑菇视频's research revealed that 12.2% of the Chestnut Hill South neighborhood's commuters ride the train to and from work each day, which is more than we found in 96.0% of America's neighborhoods. Notable & Unique: Diversity Did you know that the Chestnut Hill South neighborhood has more Russian and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 14.2% of this neighborhood's residents have Russian ancestry and 9.0% have Eastern European ancestry. Chestnut Hill South is also pretty special linguistically. Significantly, 9.2% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 99.9% of the neighborhoods in America. The Neighbors: Income 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 Chestnut Hill South neighborhood in Newton are wealthy, making it among the 15% highest income neighborhoods in America. 蘑菇视频's exclusive analysis reveals that this neighborhood has a higher income than 96.9% 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 Neighbors: Occupations A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations. In the Chestnut Hill South neighborhood, 75.4% 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 14.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (8.8%). The Neighbors: 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 Chestnut Hill South neighborhood is English, spoken by 79.0% of households. Other important languages spoken here include Russian, Chinese, Spanish and Langs. of India. The Neighbors: Ethnicity / Ancestry Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture 鈥� our learned behavior 鈥� 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 Chestnut Hill South neighborhood in Newton, MA, residents most commonly identify their ethnicity or ancestry as Asian (15.6%). There are also a number of people of Russian ancestry (14.2%), and residents who report English roots (9.1%), and some of the residents are also of Eastern European ancestry (9.0%), along with some German ancestry residents (6.6%), among others. In addition, 19.1% of the residents of this neighborhood were born in another country. 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 Chestnut Hill South neighborhood spend between 30 and 45 minutes commuting one-way to work (33.9% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods. Here most residents (47.5%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (12.2%) and 9.3% 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.