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Real Estate Prices & Overview

Mayfair median real estate price is $222,133, which is more expensive than 35.1% of the neighborhoods in Pennsylvania and 25.3% of the neighborhoods in the U.S.

The average rental price in Mayfair is currently $2,736, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 86.7% of the neighborhoods in Pennsylvania.

Mayfair is a densely urban neighborhood (based on population density) located in Philadelphia, Pennsylvania.

Mayfair real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) townhomes and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Mayfair neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

In Mayfair, the current vacancy rate is 1.5%, which is a lower rate of vacancies than 89.3% of all neighborhoods in the U.S. This means that the housing supply in Mayfair is very tight compared to the demand for property here.

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 Philadelphia, the Mayfair neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Mayfair neighborhood could be your paradise. With 80.8% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 0.2% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.

In addition, most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the 'Baby Boom' generation (1945 - 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the Mayfair neighborhood, is that an incredible 80.8% of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.

Furthermore, if you like crowded places, then you will probably enjoy the the Mayfair neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.8% of neighborhoods in the U.S., with 29,002 people per square mile living here.

People

Whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the Mayfair neighborhood has more single mother households than 99.1% of the neighborhoods in the U.S. Often high concentrations of single mother homes can be a strong indicator of family and social issues such as poverty, high rates of school dropouts, crime, and other societal problems.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 95.2% of U.S. neighborhoods.

Diversity

Did you know that the Mayfair neighborhood has more Puerto Rican and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 13.8% of this neighborhood's residents have Puerto Rican ancestry and 3.8% have Haitian ancestry.

Mayfair is also pretty special linguistically. Significantly, 3.9% of its residents five years old and above primarily speak Vietnamese at home. While this may seem like a small percentage, it is higher than 97.5% 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 Mayfair neighborhood in Philadelphia are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 44.9% of the neighborhoods in America. With 39.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 88.7% of U.S. neighborhoods.

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 Mayfair neighborhood, 28.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 26.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (25.3%), and 19.3% in manufacturing and laborer 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 Mayfair neighborhood is English, spoken by 72.8% of households. Other important languages spoken here include Spanish, Vietnamese and Chinese.

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 Mayfair neighborhood in Philadelphia, PA, residents most commonly identify their ethnicity or ancestry as Irish (17.2%). There are also a number of people of Puerto Rican ancestry (13.8%), and residents who report Italian roots (11.1%), and some of the residents are also of English ancestry (8.8%), along with some German ancestry residents (6.5%), among others. In addition, 14.6% 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 Mayfair neighborhood spend between 45 minutes and one hour commuting one-way to work (27.9% of working residents), longer and tougher than most commutes in America.

Here most residents (71.6%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (10.8%) and 7.5% 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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