Naval Academy median real estate price is $506,541, which is more expensive than 58.2% of the neighborhoods in Maryland and 67.1% of the neighborhoods in the U.S.
The average rental price in Naval Academy is currently $4,444, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 96.4% of the neighborhoods in Maryland.
Naval Academy is a suburban neighborhood (based on population density) located in Annapolis, Maryland. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Naval Academy real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and townhomes. Most of the residential real estate is renter occupied. Many of the residences in the Naval Academy 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 1940 and 1969.
Naval Academy has a 12.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 71.8% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are 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 Annapolis, the Naval Academy neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Real Estate
Do you like a coastal setting? If so, this neighborhood may be to your liking. The Naval Academy neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, Naval Academy is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.
In addition, 100.0% of the real estate in the Naval Academy neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Furthermore, if you love row houses and attached homes, you will probably really like the Naval Academy neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 34.0% of the residential real estate here is classified as row houses and attached homes.
People
Of note is NeighborhoodScout's research finding that the Naval Academy neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Naval Academy community truly stands out from the rest in this regard.
In addition, one of the really interesting characteristics about the Naval Academy neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 0.3% of college-friendly places to live in the state of Maryland.
Also, neighborhoodScout's analysis shows that the Naval Academy neighborhood has a greater concentration of residents currently enrolled in college than 98.2% of the neighborhoods in the U.S. With 24.8% of the population here attending college, this is very much a college-focused neighborhood.
Occupations
With 47.2% of employed workers living in the Naval Academy neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 99.9% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.
Furthermore, from major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Naval Academy neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 97.8% of all American neighborhoods.
Length of Commute
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Naval Academy neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Naval Academy neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 82.4% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 99.7% of U.S. neighborhoods. Less time commuting means more time for other things in life.
Modes of Transportation
More people in Naval Academy choose to walk to work each day (34.9%) 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.
Migration / Stability
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Naval Academy neighborhood. In the Naval Academy neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 97.4% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
Diversity
Did you know that the Naval Academy neighborhood has more Yugoslav ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.4% of this neighborhood's residents have Yugoslav ancestry.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Naval Academy neighborhood in Annapolis are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 83.3% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Naval Academy neighborhood, 47.2% of the working population is employed in the military. 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 42.6% of the residents employed. Other residents here are employed in executive, management, and professional occupations (33.1%), and 15.5% in manufacturing and laborer occupations.
Languages
The most common language spoken in the Naval Academy neighborhood is English, spoken by 86.8% of households. Some people also speak Spanish (8.9%).
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 Naval Academy neighborhood in Annapolis, MD, residents most commonly identify their ethnicity or ancestry as German (16.0%). There are also a number of people of Irish ancestry (10.4%), and residents who report Mexican roots (7.7%), and some of the residents are also of English ancestry (5.2%), along with some Italian ancestry residents (4.0%), among others.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Naval Academy neighborhood spend under 15 minutes commuting one-way to work (82.4% of working residents), one of the shortest commutes across America.
Here most residents (38.6%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (34.9%) and 7.2% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
