Real Estate Prices and Overview
Northwood Park median real estate prices are $354,548, which is more expensive than 75.1% of the neighborhoods
in Maryland and 83.7% of the
neighborhoods in the U.S.
Average rental prices in Northwood Park are currently
$1,989, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 92.6%
of the neighborhoods in Maryland.
Northwood Park is an urban neighborhood (based on population
density) located in Silver Spring, Maryland.
Northwood Park 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 Northwood Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Real estate vacancies in Northwood Park are 5.2%,
which is lower than one will find in 75.3% of American
neighborhoods. Demand for real estate in Northwood Park
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.
Notable & Unique Neighborhood Characteristics
The way a neighborhood looks and feels when you walk or drive around it, from
its setting, its buildings, and its flavor, can make all the difference. This
neighborhood has some really cool things about the way it looks and feels as
revealed by NeighborhoodScout's exclusive research. This might include anything
from the housing stock to the types of households living here to how people
Notable & Unique: Diversity
Did you know that the Northwood Park neighborhood has more
Sub-Saharan African and African ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 16.9% of
this neighborhood's residents have Sub-Saharan African ancestry and 5.8% have African ancestry.
Northwood Park is also pretty special linguistically. Significantly, 14.3% of its residents five years old and above primarily
speak African languages at home. While this may seem like a small percentage, it is higher
than 99.9% of the neighborhoods in America.
Notable & Unique: 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 Northwood Park neighborhood in particular stands out
when compared nationally for the proportion of its working residents who
are employed by the government. At 13.5% of its workforce, this
neighborhood has a greater concentration of government workers than
95.7% of U.S. neighborhoods.
Notable & Unique: Modes of Transportation
In the Northwood Park neighborhood, 12.8% 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.
Notable & Unique: People
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 Northwood Park neighborhood is wealthier than 95.0%
of the neighborhoods in the United States. Residents here are truly in
a unique situation even when compared to other Americans, based on the
shear 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.
Notable & Unique: Real Estate
In addition, most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the 'Baby Boom' generation (1945 - 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the Northwood Park neighborhood, is that an incredible 90.2% of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.
Furthermore, one way that the Northwood Park neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 95.6% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
The Neighbors: Income
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 Northwood Park neighborhood in Silver Spring 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 95.0% of the neighborhoods in America.
In addition, 1.6% 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 86.2%
of America'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 Northwood Park neighborhood, 42.3%
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 34.4% of the residents employed.
Other residents here are employed in manufacturing and laborer occupations
(14.5%), and 13.5% in government jobs, whether they are in local, state, or federal positions.
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 Northwood Park neighborhood in Silver Spring, MD, residents
most commonly identify their ethnicity or ancestry as Sub-Saharan African
(16.9%). There are also a number of people of Asian ancestry (11.3%) , and residents who report Irish roots (10.0%) , and some of the residents are also of African ancestry (5.8%) , along with some German ancestry residents (5.6%), among others. In addition, 34.9% 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 Northwood Park
neighborhood is English, spoken by 60.6% of households. Other important languages spoken here include African languages, Vietnamese, Spanish and French.
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 Northwood Park neighborhood spend
between 45 minutes and one hour commuting one-way to work (29.3% of working
residents), longer and tougher than most commutes in America.
Here most residents (68.6%) drive alone in a private automobile to get to work.
In addition, quite a number also take the train to get to work (12.8%) and 12.2% 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.