Neighborhood · Waltham, MA

Banks Square Eviction Risk: Lower

1 census tracts · pop 5,687 · pop-weighted Eviction Risk Score 3.3/10 · range 3.3–3.3

Banks Square is a white-hispanic neighborhood in Waltham with 1 census tract and a population of 5,687 residents. The neighborhood's pop-weighted eviction-risk score of 3.3/10 (Lower tier) blends state law, county-level filing rates, parent-city politics, and tract-specific rent-to-income ratios + poverty. 46% of renters here pay at least 30% of household income on rent, and 14% are severely cost-burdened (≥50% of income). Average gross rent of $1,808/month sits 20% lower than the Waltham citywide average ($2,268).

Risk score

3.3

Lower

1 tracts · population-weighted

Banks Square vs Waltham How this neighborhood stacks against the citywide average

% of income on rent

45.7% +64%

Waltham: 27.8%

Average gross rent

$1,808 -20%

Waltham: $2,268

Average HH income

$98,375 -16%

Waltham: $116,560

Poverty rate

11.7% +36%

Waltham: 8.6%

Renter share

48.6% -3%

Waltham: 50.3%

Peer neighborhoods

Neighborhoods with similar eviction risk

Same county, closest by Eviction Risk Score.

Geographic context

Risk heat across Banks Square and the region

Click any tract to drill in · 1 tracts span score 3.3–3.3

Why Banks Square scores 3.3

9 axes · pop-weighted · 1 = landlord-friendly

State political climate

legislature & governorship · Range 6.2–6.2 across tracts

6.2

Regional political climate

County-level mix · 2024 presidential margin · Range 7.3–7.3 across tracts

7.3

Local political climate

Parent city governance · Range 7.5–7.5 across tracts

7.5

Rent control risk

46% of income on rent · Range 5.1–5.1 across tracts

5.1

Eviction process difficulty

State notice requirements & court backlog · Range 5.7–5.7 across tracts

5.7

Tenant organizing strength

49% renter households · Range 9.2–9.2 across tracts

9.2

Housing court bias

County bench composition · Range 4.9–4.9 across tracts

4.9

Economic stress

11.7% below poverty line · Range 2.9–2.9 across tracts

2.9

Supply constraint

Rent-to-FMR gap & zoning friction · Range 1.4–1.4 across tracts

1.4

Risk score comparison

Banks Square vs. parent city, state, U.S.

Eviction Risk Score (0–10 scale).

Census tracts

1 tracts in Banks Square

Ranked highest-risk first. Click for per-tract detail.

Tract↕	Score↕	Pop↕	% over 30% on rent↕	Average rent↕
25017368300	3.3	5,687	46%	$1,808

Social Vulnerability Index

CDC SVI percentile: 44

Pop-weighted across 1 tracts. Higher = more vulnerable to disaster, displacement, and rent shocks. Source: CDC/ATSDR SVI 2022.

Socioeconomic status 42%ile

Poverty, unemployment, no-HS-diploma, housing cost burden

Household characteristics 8%ile

Single-parent HH, disability, language barriers, age 17- / 65+

Racial/ethnic minority 66%ile

Hispanic + non-white share of population

Housing & transport 73%ile

Multi-unit structures, mobile homes, crowding, no vehicle

Eviction filings · Princeton Eviction Lab

Court-record eviction history in Banks Square

Aggregated across 1 validated constituent tract. Filing rate is filings per 100 renter households, pop-weighted.

Historic baseline (2000–2018)

87Total filings (sum)
1.42%Avg annual filing rate
2.0%Peak year (2016)
2.01%Latest filed (2016)

CDC PLACES 2023 · pop-weighted

Eviction-adjacent indicators in Banks Square

Average across all constituent tracts, population-weighted. Source: CDC PLACES (cwsq-ngmh) crude prevalence.

13.2%Housing insecurity
7.7%Utility shutoff threat
14.2%Food insecurity
15.6%SNAP enrollment
6.5%No health insurance
25.6%Any disability

Frequently asked

About Banks Square

What is the eviction-risk score for Banks Square?

Banks Square scores 3.3/10 (Lower tier) across 1 census tracts. The pop-weighted Eviction Risk Score blends state law, county filing rates, parent-city politics, and tract-specific rent-to-income and poverty signals.

How does Banks Square compare to Waltham overall?

Banks Square scores 2.3 points lower than Waltham overall (5.6/10). Renters spend 46% of income on rent vs 28% citywide. Average rent: $1,808 vs $2,268.

What is the average rent in Banks Square?

Average gross rent in Banks Square is $1,808/month (pop-weighted across 1 census tracts, ACS 5-year 2023). 46% of renter households are cost-burdened.

What percentage of Banks Square residents are renters?

49% of Banks Square households are renter-occupied (vs 50% in Waltham). The neighborhood has 5,687 residents.

Is Banks Square a high social-vulnerability area?

Banks Square sits in the 44th percentile nationally on the CDC Social Vulnerability Index (less vulnerable). The index combines poverty, unemployment, household composition, racial/ethnic minority share, and housing/transportation factors across all US census tracts.

How safe is Banks Square for landlords?

Banks Square carries a lower-tier eviction-risk profile for landlords (3.3/10). Pop-weighted across 1 constituent tracts, the score blends parent-city rent-control posture, county eviction-process timelines, and tract-specific rent-to-income / poverty signals. Compared to Waltham as a whole (5.6/10), this neighborhood is lower-risk.

What is the demographic breakdown of Banks Square?

Banks Square has 5,992 residents (White-Hispanic Neighborhood). Top groups: White (non-Hispanic) (39.9%), Hispanic / Latino (36.9%), Asian (non-Hispanic) (18.3%). Source: ACS 5-year 2023, table B03002.

Nearby

Other neighborhoods near Banks Square

4.8 Central Square 6 tracts · pop 26,701 2.2 The Island 2 tracts · pop 10,930 3.1 The Bleachery 2 tracts · pop 8,616 4.1 Pigeon Hill 2 tracts · pop 9,727 1.3 Night Caps Corner 2 tracts · pop 9,960 2.3 Lakeview 2 tracts · pop 10,777

Sibling neighborhoods

Other neighborhoods inside Waltham

Same parent city, ranked by score similarity to Banks Square.

3.4 South Side 1 tracts · pop 3,052 3.6 Pigeon Hill 2 tracts · pop 9,727 2.8 The Bleachery 2 tracts · pop 8,616 2.3 Prospectville 1 tracts · pop 3,892 2.3 Cedarwood 1 tracts · pop 7,836 2.3 Lakeview 2 tracts · pop 10,777

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