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Real Estate Prices & Overview

Cheverly Manor / Cheverly Oaks median real estate price is $638,610, which is more expensive than 74.4% of the neighborhoods in Maryland and 76.2% of the neighborhoods in the U.S.

The average rental price in Cheverly Manor / Cheverly Oaks is currently $2,231, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 67.6% of Maryland neighborhoods.

Cheverly Manor / Cheverly Oaks is an urban neighborhood (based on population density) located in Cheverly, Maryland.

Cheverly Manor / Cheverly Oaks real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Cheverly Manor / Cheverly Oaks neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

In Cheverly Manor / Cheverly Oaks, the current vacancy rate is 2.5%, which is a lower rate of vacancies than 83.5% of all neighborhoods in the U.S. This means that the housing supply in Cheverly Manor / Cheverly Oaks is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Occupations

The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Cheverly Manor / Cheverly Oaks neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 14.5% of its workforce, this neighborhood has a greater concentration of government workers than 96.7% of U.S. neighborhoods.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 11.9% of the Cheverly Manor / Cheverly Oaks neighborhood's commuters ride the train to and from work each day, which is more than we found in 95.7% of America's neighborhoods.

Diversity

Did you know that the Cheverly Manor / Cheverly Oaks neighborhood has more Sub-Saharan African and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 18.2% of this neighborhood's residents have Sub-Saharan African ancestry and 2.7% have Jamaican ancestry.

Cheverly Manor / Cheverly Oaks is also pretty special linguistically. Significantly, 4.4% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 98.3% of the neighborhoods in America.

The Neighbors

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 Cheverly Manor / Cheverly Oaks neighborhood in Cheverly are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 75.3% of the neighborhoods in America. In addition, 2.9% 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 71.8% 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 Cheverly Manor / Cheverly Oaks neighborhood, 56.9% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 20.3% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (14.5%), and 12.9% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

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 Cheverly Manor / Cheverly Oaks neighborhood is English, spoken by 80.2% of households. Other important languages spoken here include African languages and Spanish.

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 Cheverly Manor / Cheverly Oaks neighborhood in Cheverly, MD, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (18.2%). There are also a number of people of Asian ancestry (9.2%), and residents who report Irish roots (8.8%), and some of the residents are also of German ancestry (6.3%), along with some English ancestry residents (4.5%), among others. In addition, 25.3% of the residents of this neighborhood were born in another country.

Getting to Work

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 Cheverly Manor / Cheverly Oaks neighborhood spend between 30 and 45 minutes commuting one-way to work (40.6% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (56.1%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (15.5%) and 11.9% of residents also take the train 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.


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