Real Estate Prices and Overview
Loch Raven Heights / Loch Raven Village median real estate prices are $189,042, which is less expensive than 78.0% of Maryland neighborhoods
and 41.5% of all U.S. neighborhoods.
Average rental prices in Loch Raven Heights / Loch Raven Village are currently
$955, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 62.0% of Maryland neighborhoods.
Loch Raven Heights / Loch Raven Village is an urban neighborhood (based on population
density) located in Parkville, Maryland.
Loch Raven Heights / Loch Raven Village real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Loch Raven Heights / Loch Raven Village neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Home and apartment vacancy rates are 8.0% in
Loch Raven Heights / Loch Raven Village. NeighborhoodScout analysis shows that this rate is lower
than 57.2% of the neighborhoods in the nation, approximately
near the middle range for vacancies.
Notable & Unique Neighborhood Characteristics
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 Parkville,
the Loch Raven Heights / Loch Raven Village neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Diversity
Did you know that the Loch Raven Heights / Loch Raven Village neighborhood has more
African and Iranian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 4.4% of
this neighborhood's residents have African ancestry and 1.1% have Iranian ancestry.
Loch Raven Heights / Loch Raven Village is also pretty special linguistically. Significantly, 1.0% of its residents five years old and above primarily
speak Polish at home. While this may seem like a small percentage, it is higher
than 95.4% of the neighborhoods in America.
Notable & Unique: Real Estate
In addition, if you love row houses and attached homes, you will probably really like the Loch Raven Heights / Loch Raven Village neighborhood. The ambiance, the charm, of row houses is something special. And in shear 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, 46.9% of the residential real estate here is classified as row houses and attached homes.
The Neighbors: Income
There are two complimentary 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 Loch Raven Heights / Loch Raven Village neighborhood in Parkville are middle-income, making it a moderate income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 47.5% of the neighborhoods in America.
With 34.8% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 78.9%
of U.S. neighborhoods.
The Neighbors: Occupations
The old saying "you are what you eat" is true. But it is also true that you
are what you do for a living. The types of occupations your neighbors have
shape their character, and together as a group, their collective occupations
shape the culture of a place.
In the Loch Raven Heights / Loch Raven Village neighborhood, 37.7%
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 33.0% of the residents employed.
Other residents here are employed in manufacturing and laborer occupations
(15.0%), and 14.3% in clerical, assistant, and tech support occupations.
The Neighbors: 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 Loch Raven Heights / Loch Raven Village neighborhood in Parkville, MD, residents
most commonly identify their ethnicity or ancestry as German
(11.4%). There are also a number of people of Irish ancestry (10.1%) , and residents who report Italian roots (9.8%) , and some of the residents are also of Asian ancestry (5.4%) , along with some Sub-Saharan African ancestry residents (5.3%), among others. In addition, 12.5% of the residents of this neighborhood were born in another country.
The Neighbors: 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 Loch Raven Heights / Loch Raven Village
neighborhood is English, spoken by 87.4% of households. Other important languages spoken here include Spanish and South Asian languages.
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 Loch Raven Heights / Loch Raven Village neighborhood spend
between 15 and 30 minutes commuting one-way to work (47.2% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (73.0%) 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 (11.8%) and 7.6% of residents also hop out the door and walk to work 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.