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Real Estate Prices & Overview

Foggy Bottom median real estate price is $766,099, which is more expensive than 45.7% of the neighborhoods in the District Of Columbia and 77.7% of the neighborhoods in the U.S.

The average rental price in Foggy Bottom is currently $2,811, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 44.9% of District Of Columbia neighborhoods.

Foggy Bottom is a densely urban neighborhood (based on population density) located in Washington, District Of Columbia.

Foggy Bottom 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 renter occupied. Many of the residences in the Foggy Bottom neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Foggy Bottom has a 10.9% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 65.2% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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

People

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

In addition, one of the most interesting things about the Foggy Bottom neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 73.0% 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 99.8% of the neighborhoods in America.

Also, 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 90.8% of the adults living in the Foggy Bottom neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 99.8% of U.S. neighborhoods. In this way, this neighborhood truly stands out.

Finally, a unique characteristic about the people in the Foggy Bottom neighborhood is that a majority of them are young, single professionals. In fact, there are more young, single professionals in this one community than 96.9% of neighborhoods in the U.S. Here you'll find an active nightlife nearby with lots of opportunities to flirt and find romance. In addition to being an excellent choice for young, single professionals, this neighborhood is also a very good choice for college students.

Occupations

Executives, managers and professionals make up 85.8% of the workforce in the Foggy Bottom neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 99.8% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Foggy Bottom neighborhood buck this trend. 66.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.5% of U.S. neighborhoods.

Modes of Transportation

In the Foggy Bottom neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 38.5% 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 99.4% 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 Foggy Bottom choose to walk to work each day (34.5%) 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, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 15.3% of the Foggy Bottom neighborhood's commuters ride the train to and from work each day, which is more than we found in 96.5% of America's neighborhoods.

Real Estate

The Foggy Bottom 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 92.8% 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, one of the really unique and interesting things about the look and setting of the Foggy Bottom neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 89.3% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 98.1% of all neighborhoods in America.

Furthermore, the Foggy Bottom neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 40,532 persons per square mile in the neighborhood, it is more packed with people than 98.0% of the nation's neighborhoods.

Also of note, renter-occupied real estate is dominant in the Foggy Bottom neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 84.0%, which is higher than 95.0% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

Diversity

Did you know that the Foggy Bottom neighborhood has more Armenian and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.3% of this neighborhood's residents have Armenian ancestry and 8.1% have South American ancestry.

Foggy Bottom is also pretty special linguistically. Significantly, 4.7% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 97.0% of the neighborhoods in America.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the Foggy Bottom neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.0% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

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 Foggy Bottom neighborhood in Washington are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 55.5% 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.

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 Foggy Bottom neighborhood, 85.8% 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 12.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (7.1%), and 5.5% 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 Foggy Bottom neighborhood is English, spoken by 74.3% of households. Other important languages spoken here include Spanish, Langs. of India, African languages and Chinese.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Foggy Bottom neighborhood in Washington, DC, residents most commonly identify their ethnicity or ancestry as English (12.1%). There are also a number of people of Asian ancestry (11.4%), and residents who report Irish roots (11.2%), and some of the residents are also of German ancestry (10.8%), along with some Italian ancestry residents (9.0%), among others. In addition, 24.2% 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 Foggy Bottom neighborhood spend between 15 and 30 minutes commuting one-way to work (46.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (34.5%) 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 (15.3%) and 7.6% 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.


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