New Mark Commons median real estate price is $1,059,150, which is more expensive than 93.6% of the neighborhoods in Maryland and 90.5% of the neighborhoods in the U.S.
The average rental price in New Mark Commons is currently $2,629, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 53.6% of Maryland neighborhoods.
New Mark Commons is a suburban neighborhood (based on population density) located in Rockville, Maryland.
New Mark Commons real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the New Mark Commons 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 New Mark Commons, the current vacancy rate is 0.7%, which is a lower rate of vacancies than 92.1% of all neighborhoods in the U.S. This means that the housing supply in New Mark Commons 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.
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 New Mark Commons neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 18.1% of its workforce, this neighborhood has a greater concentration of government workers than 98.5% of U.S. neighborhoods.
Furthermore, executives, managers and professionals make up 73.8% of the workforce in the New Mark Commons neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 96.9% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
In the New Mark Commons neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 35.2% 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 97.6% 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.
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 New Mark Commons neighborhood could be your paradise. With 27.3% 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 3.8% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.
Did you know that the New Mark Commons neighborhood has more Iranian and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.0% of this neighborhood's residents have Iranian ancestry and 4.3% have Eastern European ancestry.
New Mark Commons is also pretty special linguistically. Significantly, 3.4% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 99.6% of the neighborhoods in America.
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 New Mark Commons 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 92.7% of the neighborhoods in America. With 15.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 61.7% of U.S. neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the New Mark Commons neighborhood, 73.8% 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 18.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (12.6%), and 6.7% in clerical, assistant, and tech support occupations.
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 New Mark Commons neighborhood is English, spoken by 62.5% of households. Other important languages spoken here include Spanish, Chinese, Korean and Persian.
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 New Mark Commons neighborhood in Rockville, MD, residents most commonly identify their ethnicity or ancestry as Asian (13.3%). There are also a number of people of German ancestry (10.3%), and residents who report Irish roots (10.2%), and some of the residents are also of South American ancestry (5.5%), along with some Russian ancestry residents (5.2%), among others. In addition, 28.5% 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 New Mark Commons neighborhood spend between 30 and 45 minutes commuting one-way to work (29.0% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (51.2%) 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 (6.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.