The total population of Midtown Terrace is 2,176, where the median age is 41.3 and the average household income sits at $231,109 per year according to data provided the U.S Census Bureau.
TOTAL POPULATION
MEDIAN AGE
HOMEOWNERSHIP RATE
MEDIAN HOUSEHOLD INCOME
Midtown Terrace is a great location for the residents. The neighborhood is located close to various amenities while the flourishing commercial and office space provides various job opportunities for the residents. Additionally, the accessibility to public transportation hubs makes it easier for the people to commute to school, work, and entertainment venues.
Midtown Terrace is situated in the middle of a city. However, the atmosphere of the neighborhood exudes a small town vibe. The lower population density, access to basic amenities such as school, pharmacy, transportation hubs, floursing of the local business and a quiet suburban atmosphere catering to the inhabitants displays the Midtown Terrace to be a small-town within the clasp of a city.
Residents of Midtown Terrace experience a unique and pleasant microclimate. It has cool summers with foggy mornings and clear skies during midday. However, with winters being mild, it also witnesses rainfall especially during the winters. Occurrences of frost and snow are extremely rare as the temperature of the area ranges between 15 to 17 degree Celsius during the winter.
Midtown Terrace is graced with homes constructed during the 1950s, designed to provide residents with panoramic views of the mountainous landscape surrounding the neighborhood. The predominant architectural style consists of charming mid-century stucco-walled bungalows, which lend a timeless appeal to the neighborhood’s streetscape. However, interspersed among these classic homes are residences that have undergone contemporary renovations, adding a modern twist to the area’s homes.
In a fluctuating housing market influenced by various factors such as market conditions, limited space, and demand, Midtown Terrace emerges as a more affordable alternative compared to San Francisco as a whole. With its fair median sales prices, Midtown Terrace provides a budget-friendly option for prospective homebuyers seeking a desirable neighborhood without the steep costs associated with the broader city.
In 2023, the median home prices in San Francisco experienced a decline of 6.7% compared to the previous year, with properties selling for a median price of $1.2 million. However, in Midtown Terrace, home prices rose to 17.9% compared to last year, selling for a median price of $1.6M.
The average number of days a house remains on the market is influenced by various factors, including market conditions and neighborhood dynamics, which can lead to either longer or shorter selling periods.
In the context of San Francisco, homes typically sell within an average of 52 days. However, when we specifically consider Midtown Terrace, houses tend to sell at a faster pace, with an average of 32 days on the market.
The “Percent of Original Price” is a metric calculated by dividing the final sale price of a property by its most recent listing price.
In general, factors such as high demand, limited housing supply, and the desirability of a neighborhood can influence whether properties sell below or above their most recent listing listing price.
Midtown Terrace’s Community Spirit and Lifestyle Treasures
Midtown Terrace exudes an exceptionally friendly atmosphere, where residents frequently come together to enjoy the myriad amenities and activities available in the area. Whether dining at local restaurants, shopping at nearby stores, or commuting to school or work, neighbors often engage in shared experiences.
Midtown Terrace is celebrated for its residential charm, characterized by well-maintained homes dating back to the 1950s. Alongside these beautiful residences, families in the area are drawn to the neighborhood’s intimate park, which offers a range of recreational amenities. The park features a play area for children, a basketball court for friendly games, and a spacious lawn ideal for picnics and outdoor gatherings.
Within easy reach Midtown Terrace’s residents have a plethora of dining and beverage options with renowned establishments like ChouChou French Bistro, Sushi Shoh, Rin’s Thai, and My Pot. ChouChou French Bistro is rated as the top French restaurant while the exquisite sushi creations along with desserts at Sushi Shoh tempts every palate. Meanwhile, Rin’s Thai serves up authentic Thai flavors while My Pot offers hot pot experience perfect for sharing with friends and family.
Midtown Terrace plays a role in fostering cultural and arts integration within the larger San Francisco community. It may not have cultural institutions within its immediate vicinity, but the residents actively engage with the city’s rich cultural landscape. They frequently partake in events and activities hosted in nearby neighborhoods, such as concerts, art exhibitions, and festivals.
Midtown Terrace cherishes tradition that brings together residents for a day of festivities and community bonding. Typically organized by the Midtown Terrace Homeowners Association (MTHOA), such community events are emblematic of the vibrant neighborhood spirit that thrives within Midtown Terrace. From lively block parties to festive picnics and holiday celebrations, these gatherings offer residents an opportunity to connect, socialize, and strengthen their relationships in this close-knit community.
Midtown Terrace is reputed as a safe and well-connected neighborhood. While no area is immune to crime, Midtown Terraces boasts relatively low crime rates compared to other parts of the city. The community’s commitment to safety, along with collaborative efforts between residents and local authorities, plays a significant role in maintaining a sense of security for all.
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