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.
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 Gaithersburg, the Warther / Gaithersburg Green Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
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, if you love row houses and attached homes, you will probably really like the Warther / Gaithersburg Green Park 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, 66.1% of the residential real estate here is classified as row houses and attached homes.
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
Of note is NeighborhoodScout's research finding that the Warther / Gaithersburg Green Park 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 Warther / Gaithersburg Green Park community truly stands out from the rest in this regard.
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 Warther / Gaithersburg Green Park neighborhood has a greater proportion of government workers living in it than 99.7% 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.
Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 10.2% of the Warther / Gaithersburg Green Park neighborhood's commuters ride the train to and from work each day, which is more than we found in 95.1% of America's neighborhoods.
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
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. 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.
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 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 the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
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.
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 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.
