Russian Hill median real estate price is $1,986,947, which is more expensive than 91.4% of the neighborhoods in California and 98.4% of the neighborhoods in the U.S.
The average rental price in Russian Hill is currently $4,860, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 87.8% of the neighborhoods in California.
Russian Hill is a densely urban neighborhood (based on population density) located in San Francisco, California.
Russian Hill 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 small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Russian Hill neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Russian Hill. The current real estate vacancy rate here is 16.5%. This is higher than the rate of vacancies in 81.1% 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.
People
Of note is NeighborhoodScout's research finding that the Russian Hill 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 Russian Hill community truly stands out from the rest in this regard.
In addition, russian Hill has the amazing distinction of housing more same sex couples living together than 98.9% of neighborhoods in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's analysis shows that this is one place that you should consider.
Also, think about the people you know personally. How many of them would purchase box seats to opening night at the symphony? How many of them regularly attend gallery openings, or are the first to reserve tickets to opening night at the ballet? If they're like most of us, they don't do any of these things. But if you're among an exclusive crowd of wealthy and refined patrons of the arts, then you'll feel right at home in the Russian Hill neighborhood: a neighborhood in which more "urban sophisticates" live than 98.1% of neighborhoods across the U.S. Here, your neighbors are defined as having urbane tastes in literature, music, live theatre and the arts. They are wealthy, educated, travel in style, and live a big city lifestyle whether or not they live in or near a big city. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for young, single professionals.
Finally, do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. NeighborhoodScout's research revealed that a full 79.4% of the adults living in the Russian Hill neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 97.6% of U.S. neighborhoods. In this way, this neighborhood truly stands out.
Modes of Transportation
In the Russian Hill neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 42.2% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 99.7% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
Also, more people in Russian Hill choose to walk to work each day (15.3%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Finally, our research revealed that more commuters here take the bus to work (13.0% ride the bus) than 96.5% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.
Occupations
The Russian Hill neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 99.6% of the neighborhoods in America. In fact, 83.8% 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.
Real Estate
The Russian Hill neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 34,206 persons per square mile in the neighborhood, it is more packed with people than 97.4% of the nation's neighborhoods. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Russian Hill neighborhood is one of the most walkable neighborhoods in America.
In addition, the real estate in the Russian Hill 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, 75.9% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 96.1% of American neighborhoods.
Furthermore, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Russian Hill neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 65.8% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 97.8% of the neighborhoods in the United States.
Car Ownership
American households most often have a car, and regularly they have two or three. But households in the Russian Hill neighborhood buck this trend. 37.4% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.9% of U.S. neighborhoods.
Diversity
Did you know that the Russian Hill neighborhood has more British and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.2% of this neighborhood's residents have British ancestry and 2.3% have Eastern European ancestry.
Russian Hill is also pretty special linguistically. Significantly, 0.5% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 95.3% 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 Russian Hill neighborhood in San Francisco 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 93.3% 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 Russian Hill neighborhood, 83.8% 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 12.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (2.5%).
Languages
The most common language spoken in the Russian Hill neighborhood is English, spoken by 89.4% of households. Some people also speak Spanish (5.6%).
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 Russian Hill neighborhood in San Francisco, CA, residents most commonly identify their ethnicity or ancestry as English (20.2%). There are also a number of people of Irish ancestry (7.8%), and residents who report Asian roots (7.1%), and some of the residents are also of German ancestry (5.4%), along with some Mexican ancestry residents (4.8%), among others. In addition, 14.5% 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 Russian Hill neighborhood spend between 30 and 45 minutes commuting one-way to work (40.2% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (16.1%) 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 (15.3%) and 13.0% of residents also ride the bus 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.
