Lakewood Estates / The Willows of Potomac median real estate price is $1,223,865, which is more expensive than 95.8% of the neighborhoods in Maryland and 92.8% of the neighborhoods in the U.S.
The average rental price in Lakewood Estates / The Willows of Potomac is currently $3,379, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 77.9% of the neighborhoods in Maryland.
Lakewood Estates / The Willows of Potomac is a suburban neighborhood (based on population density) located in Rockville, Maryland.
Lakewood Estates / The Willows of Potomac real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) apartment complexes/high-rise apartments 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 Lakewood Estates / The Willows of Potomac 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.
Real estate vacancies in Lakewood Estates / The Willows of Potomac are 5.8%, which is lower than one will find in 60.2% of American neighborhoods. Demand for real estate in Lakewood Estates / The Willows of Potomac is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
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.
If knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Lakewood Estates / The Willows of Potomac neighborhood, where 49.7% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.7% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 99.1% of the neighborhoods in America.
In addition, wealth makes most things in life easier, and a few things harder. If you are wealthy and enjoy keeping up with the Jones', this neighborhood will interest you. In fact, according to NeighborhoodScout's research, the Lakewood Estates / The Willows of Potomac neighborhood is wealthier than 96.9% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood.
Also, the Lakewood Estates / The Willows of Potomac neighborhood stands out within Maryland for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 9.0% of college-friendly places to live in MD. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for highly educated executives.
In the Lakewood Estates / The Willows of Potomac neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 37.6% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 98.5% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
Executives, managers and professionals make up 72.8% of the workforce in the Lakewood Estates / The Willows of Potomac neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 96.4% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Furthermore, the Lakewood Estates / The Willows of Potomac neighborhood has a greater proportion of government workers living in it than 96.4% of the neighborhoods in America, according to NeighborhoodScout's exclusive analysis. This is a unique feature of this neighborhood, and one that shapes its character.
Did you know that the Lakewood Estates / The Willows of Potomac neighborhood has more Iranian and Yugoslav ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.9% of this neighborhood's residents have Iranian ancestry and 1.1% have Yugoslav ancestry.
Lakewood Estates / The Willows of Potomac is also pretty special linguistically. Significantly, 22.1% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 99.4% of the neighborhoods in America.
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 Lakewood Estates / The Willows of Potomac neighborhood. What is interesting to note, is that the Lakewood Estates / The Willows of Potomac neighborhood has a greater percentage of residents born in another country (44.9%) than are found in 96.0% of all U.S. neighborhoods.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Lakewood Estates / The Willows of Potomac neighborhood in Rockville are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 96.9% of the neighborhoods in America. With 18.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 66.5% of U.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 Lakewood Estates / The Willows of Potomac neighborhood, 72.8% of the working population is employed in executive, management, and professional occupations. 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 16.0% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (14.0%), and 9.1% in clerical, assistant, and tech support 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 Lakewood Estates / The Willows of Potomac neighborhood is English, spoken by 46.7% of households. Other important languages spoken here include Chinese, Langs. of India, Spanish and Russian.
Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Lakewood Estates / The Willows of Potomac neighborhood in Rockville, MD, residents most commonly identify their ethnicity or ancestry as Asian (44.7%). There are also a number of people of South American ancestry (4.4%), and residents who report Russian roots (3.6%), and some of the residents are also of Irish ancestry (3.0%), along with some Irania ancestry residents (2.9%), among others. In addition, 44.9% 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 Lakewood Estates / The Willows of Potomac neighborhood spend between 15 and 30 minutes commuting one-way to work (39.2% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (55.3%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
