Each week we will highlight a community in Massachusetts and Rhode Island. We will tell you how many home are currently on the market, median price for the month and the year and we will give you some additional facts about the community.
Dedham
Active Single Family Listings: 18
2020 Median Sale Price: $588,500
Median Sale Price for November: $570,000
Closed Sales for 2020: 253
Pending Sales to Date: 281
Cumulative Days On Market: 28
Neighborhood Scout Report On Dedham: Dedham is a medium-sized town located in the state of Massachusetts. With a population of 25,334 people and six constituent neighborhoods, Dedham is the 75th largest community in Massachusetts.
Housing costs in Dedham are among some of the highest in the nation, although real estate prices here don’t compare to real estate prices in the most expensive communities in Massachusetts.
Dedham is a decidedly white-collar town, with fully 87.79% of the workforce employed in white-collar jobs, well above the national average. Overall, Dedham is a town of professionals, sales and office workers, and managers. There are especially a lot of people living in Dedham who work in management occupations (13.10%), office and administrative support (12.03%), and sales jobs (9.48%).
Also of interest is that Dedham has more people living here who work in computers and math than 95% of the places in the US.
One downside of living in Dedham, however, is that residents on average have to contend with a long commute, spending on average 31.58 minutes every day commuting to work. However, local public transit is widely used. For those who would prefer to avoid driving entirely and leave their car at home, it may be an option to use the transit instead.
Although the majority of commuting trips in the town are by private automobile, Dedham is somewhat unusual for a town of its size for having a substantial number of people who use public transportation. For a lot of people, the train helps to get to and from their jobs every morning, which benefits everyone in the Dedham area by reducing both traffic and air pollution.
If knowledge is power, Dedham is a pretty powerful place. 51.33% of the adults in Dedham have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Dedham in 2018 was $51,425, which is upper middle income relative to Massachusetts, and wealthy relative to the rest of the US. This equates to an annual income of $205,700 for a family of four.
Dedham is a very ethnically-diverse town. The people who call Dedham home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Dedham residents report their race to be White, followed by Black or African-American. Important ancestries of people in Dedham include Irish, Italian, English, German, and Polish.
The most common language spoken in Dedham is English. Other important languages spoken here include Spanish and French.
Report courtesy of neighborhoodscout.com