Warther / Gaithersburg Green Park median real estate price is $536,836, which is more expensive than 63.5% of the neighborhoods in Maryland and 69.8% of the neighborhoods in the U.S.
The average rental price in Warther / Gaithersburg Green Park is currently $2,811, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 62.2% of the neighborhoods in Maryland.
Warther / Gaithersburg Green Park is a suburban neighborhood (based on population density) located in Gaithersburg, Maryland.
Warther / Gaithersburg Green Park real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) townhomes and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Warther / Gaithersburg Green Park neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
In Warther / Gaithersburg Green Park, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Warther / Gaithersburg Green Park is very tight compared to the demand for property here.
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.
Real Estate
With a real estate vacancy rate of only 0.0%, the Warther / Gaithersburg Green Park neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
In addition, many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Warther / Gaithersburg Green Park neighborhood could be your paradise. With 66.1% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 0.5% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.
Furthermore, most neighborhoods are composed of a mixture of ages of homes, but the Warther / Gaithersburg Green Park stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 93.3% of the residential real estate here was built in this one time period.
People
In a nation where 1 out of every 4 children lives in poverty, the Warther / Gaithersburg Green Park neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, the rate of college educated adults in the Warther / Gaithersburg Green Park neighborhood is a unique characteristic of the neighborhood. 80.9% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 34.3% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 98.1% of all U.S. neighborhoods.
Also, warther / Gaithersburg Green Park is ranked among the top 5.6% of neighborhoods for first-time home buyers to consider in the state of Maryland according to NeighborhoodScout's exclusive analysis. Homes here are priced below median housing values in the state, yet maintain moderate appreciation rates compared to other communities. Buying into the Warther / Gaithersburg Green Park neighborhood is not only an accessible option but an investment opportunity for many first-time home buyers.
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 Warther / Gaithersburg Green Park neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 25.1% of its workforce, this neighborhood has a greater concentration of government workers than 99.7% of U.S. neighborhoods.
Modes of Transportation
In the Warther / Gaithersburg Green Park neighborhood, 10.2% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 95.1% of the neighborhoods in America.
Diversity
Did you know that the Warther / Gaithersburg Green Park neighborhood has more Brazilian and Romanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 23.0% of this neighborhood's residents have Brazilian ancestry and 2.2% have Romanian ancestry.
Warther / Gaithersburg Green Park is also pretty special linguistically. Significantly, 7.0% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 99.3% of the neighborhoods in America.
Migration / Stability
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the Warther / Gaithersburg Green Park neighborhood has a greater percentage of residents born in another country (46.3%) than are found in 96.6% of all U.S. neighborhoods.
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 Warther / Gaithersburg Green Park neighborhood in Gaithersburg are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 68.9% 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 Warther / Gaithersburg Green Park neighborhood, 61.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is government jobs, whether they are in local, state, or federal positions, with 25.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.7%), and 13.3% in manufacturing and laborer occupations.
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 Warther / Gaithersburg Green Park neighborhood is English, spoken by 54.5% of households. Other important languages spoken here include Chinese, Korean, African languages and Langs. of India.
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 Warther / Gaithersburg Green Park neighborhood in Gaithersburg, MD, residents most commonly identify their ethnicity or ancestry as Brazilian (23.0%). There are also a number of people of Asian ancestry (22.8%), and residents who report German roots (13.2%), and some of the residents are also of Sub-Saharan African ancestry (9.5%), along with some Irish ancestry residents (7.9%), among others. In addition, 46.3% of the residents of this neighborhood were born in another country.
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 Warther / Gaithersburg Green Park neighborhood spend under 15 minutes commuting one-way to work (29.3% of working residents), one of the shortest commutes across America.
Here most residents (57.8%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (10.2%) and 5.4% 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.
