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Real Estate Prices & Overview

Broadwater Estates median real estate price is $751,474, which is more expensive than 87.2% of the neighborhoods in Maryland and 84.8% of the neighborhoods in the U.S.

The average rental price in Broadwater Estates is currently $3,738, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 91.3% of the neighborhoods in Maryland.

Broadwater Estates is a suburban neighborhood (based on population density) located in Fort Washington, Maryland.

Broadwater Estates real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Broadwater Estates 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.

Home and apartment vacancy rates are 7.6% in Broadwater Estates. NeighborhoodScout analysis shows that this rate is lower than 50.6% 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 Fort Washington, the Broadwater Estates neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

One way that the Broadwater Estates neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.6% 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.

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 Broadwater Estates neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 15.4% of its workforce, this neighborhood has a greater concentration of government workers than 97.3% of U.S. neighborhoods.

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 Broadwater Estates neighborhood is wealthier than 95.4% 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.

In addition, if you're planning where to retire, the Broadwater Estates neighborhood in Fort Washington is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in MD, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 89.2% of the neighborhoods in Maryland. If you are considering retiring to Maryland, this is a good neighborhood to look at. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for highly educated executives.

Diversity

Did you know that the Broadwater Estates neighborhood has more Arab and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.4% of this neighborhood's residents have Arab ancestry and 8.2% have Haitian ancestry.

Broadwater Estates is also pretty special linguistically. Significantly, 4.9% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 98.5% of the neighborhoods in America.

The Neighbors

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 Broadwater Estates neighborhood in Fort Washington 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 95.4% of the neighborhoods in America. In addition, 1.8% 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 75.9% of America's neighborhoods.

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 Broadwater Estates neighborhood, 56.0% 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 22.1% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (15.4%), and 11.4% 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 Broadwater Estates neighborhood is English, spoken by 66.2% of households. Other important languages spoken here include Spanish, Arabic and French.

Ethnicity / Ancestry

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 Broadwater Estates neighborhood in Fort Washington, MD, residents most commonly identify their ethnicity or ancestry as Haitian (8.2%). There are also a number of people of Arab ancestry (7.4%), and residents who report Jamaican roots (5.8%), and some of the residents are also of Asian ancestry (5.2%), along with some Sub-Saharan African ancestry residents (3.9%), among others. In addition, 21.9% of the residents of this neighborhood were born in another country.

Getting to Work

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 Broadwater Estates neighborhood spend between 45 minutes and one hour commuting one-way to work (41.7% of working residents), longer and tougher than most commutes in America.

Here most residents (75.4%) 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 (6.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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