Soma North median real estate price is $981,935, which is more expensive than 59.5% of the neighborhoods in California and 90.2% of the neighborhoods in the U.S.
The average rental price in Soma North is currently $2,794, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 65.3% of California neighborhoods.
Soma North is a densely urban neighborhood (based on population density) located in San Francisco, California.
Soma North real estate is primarily made up of small (studio to two bedroom) to large (four, five or more 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 Soma North 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 2000 and the present.
Vacant apartments or homes are a major fact of life in Soma North. The current real estate vacancy rate here is 27.0%. This is higher than the rate of vacancies in 94.1% 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.
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 San Francisco, the Soma North neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
One of the really unique and interesting things about the look and setting of the Soma North neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 91.3% 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 98.4% of all neighborhoods in America.
In addition, the Soma North neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 34,590 persons per square mile in the neighborhood, it is more packed with people than 97.5% 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 Soma North neighborhood is one of the most walkable neighborhoods in America.
Furthermore, 90.3% of the real estate in the Soma North neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Also of note, the Soma North 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 86.7% 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.
More people in Soma North choose to walk to work each day (18.8%) 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.
Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 4.1% of residents in the Soma North neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 97.4% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
Finally, our research revealed that more commuters here take the bus to work (13.3% ride the bus) than 97.1% 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.
American households most often have a car, and regularly they have two or three. But households in the Soma North neighborhood buck this trend. 28.7% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.9% of U.S. neighborhoods.
Did you know that the Soma North neighborhood has more Asian and Belgian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 41.6% of this neighborhood's residents have Asian ancestry and 1.1% have Belgian ancestry.
Soma North is also pretty special linguistically. Significantly, 15.8% of its residents five years old and above primarily speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher than 99.8% of the neighborhoods in America.
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 Soma North neighborhood in San Francisco are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 100.0% of U.S. neighborhoods. With 12.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 56.8% of U.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 Soma North neighborhood, 39.7% 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 31.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (23.8%), and 5.6% in government jobs, whether they are in local, state, or federal positions.
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 Soma North neighborhood is English, spoken by 53.5% of households. Other important languages spoken here include Tagalog (the first language of the Philippine region), Spanish, Chinese and Vietnamese.
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 Soma North neighborhood in San Francisco, CA, residents most commonly identify their ethnicity or ancestry as Asian (41.6%). There are also a number of people of Irish ancestry (5.5%), and residents who report Italian roots (4.9%), and some of the residents are also of Mexican ancestry (4.8%), along with some Arab ancestry residents (3.4%), among others. In addition, 36.9% of the residents of this neighborhood were born in another country.
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 Soma North neighborhood spend under 15 minutes commuting one-way to work (34.8% of working residents), one of the shortest commutes across America.
Here most residents (18.8%) hop out the door and walk to work to get to work. In addition, quite a number also drive alone in a private automobile to get to work (15.0%) and 14.0% of residents also carpool with coworkers, friends, or neighbors 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.
