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Demographics
Population
Population Density
The Ferryway neighborhood in Malden, Massachusetts, has a population density of 18,527.55 people per square mile as of 2022. This density indicates a compact urban environment.
Population data from 2010 to 2022 shows significant fluctuations. The neighborhood reached a peak population of 5,208 in 2011, followed by a general downward trend with intermittent increases. A notable decline to 4,097 residents occurred in 2020, followed by an increase to 5,120 in 2021. The most recent data for 2022 indicates a decrease to 4,241 residents.
These population changes suggest a dynamic neighborhood potentially influenced by external factors such as economic conditions, housing market changes, or urban development initiatives. The rapid recovery in 2021 followed by a decline in 2022 may indicate temporary displacement or relocation of residents.
The high population density suggests well-developed urban infrastructure, including public transportation, local amenities, and various dining and shopping establishments within walking distance. Residents likely benefit from the convenience of urban living and potentially shorter commute times.
Housing in Ferryway likely consists predominantly of apartments and condominiums, with limited space for single-family homes. The estimated 1,625 housing units for the 2022 population, based on the national average household size, supports this urban residential profile.
Ferryway's location within Malden, a city known for its diverse population and proximity to Boston, likely contributes to its appeal. This location may offer residents more affordable housing options compared to central Boston while providing access to the larger metropolitan area's employment and cultural opportunities.
In conclusion, Ferryway is a densely populated urban neighborhood with a fluctuating population. The area likely attracts residents who value urban living conveniences, including public transportation, diverse amenities, and a vibrant community atmosphere, while potentially offering more affordable housing options than some parts of the greater Boston metropolitan area.