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Real Estate Prices & Overview

Griffith Park / Golf Estates median real estate price is $779,685, which is more expensive than 90.0% of the neighborhoods in Maryland and 87.5% of the neighborhoods in the U.S.

The average rental price in Griffith Park / Golf Estates is currently $1,577, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 91.3% of Maryland neighborhoods.

Griffith Park / Golf Estates is a suburban neighborhood (based on population density) located in Gaithersburg, Maryland.

Griffith Park / Golf 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 mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Griffith Park / Golf 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.

In Griffith Park / Golf Estates, the current vacancy rate is 3.1%, which is a lower rate of vacancies than 80.7% of all neighborhoods in the U.S. This means that the housing supply in Griffith Park / Golf Estates is very tight compared to the demand for property here.

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 get around.

Real Estate

Real estate in the Griffith Park / Golf Estates neighborhood is almost exclusively owner-occupied. NeighborhoodScout's analysis reveals that this neighborhood has a higher rate of owner-occupied housing than is found in 98.7% of U.S. neighborhoods. If you are seeking to rent, this neighborhood may not have many options, but high rates of ownership often indicate stability in a neighborhood.

In addition, one way that the Griffith Park / Golf Estates neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 98.6% 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 Griffith Park / Golf Estates neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 14.1% of its workforce, this neighborhood has a greater concentration of government workers than 96.3% 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 Griffith Park / Golf Estates neighborhood is wealthier than 95.9% 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 are planning to retire in Maryland, this neighborhood should be on your must-see list. For many reasons, Griffith Park / Golf Estates may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Maryland, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 95.4% of neighborhoods in MD. If a Maryland retirement is in your future, this neighborhood should be one of the places you visit. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for urban sophisticates and families with school-aged children.

Diversity

Did you know that the Griffith Park / Golf Estates neighborhood has more Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.7% of this neighborhood's residents have Armenian ancestry.

Griffith Park / Golf Estates is also pretty special linguistically. Significantly, 0.7% 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 96.7% of the neighborhoods in America.

The Neighbors

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 Griffith Park / Golf Estates neighborhood in Gaithersburg 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 95.9% of the neighborhoods in America. In addition, 3.0% 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 71.9% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Griffith Park / Golf Estates neighborhood, 53.7% 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 25.2% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (14.1%), and 11.3% 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 Griffith Park / Golf Estates neighborhood is English, spoken by 74.6% of households. Other important languages spoken here include Spanish, Langs. of India and Korean.

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 Griffith Park / Golf Estates neighborhood in Gaithersburg, MD, residents most commonly identify their ethnicity or ancestry as Asian (13.0%). There are also a number of people of Italian ancestry (10.0%), and residents who report Irish roots (10.0%), and some of the residents are also of English ancestry (8.9%), along with some German ancestry residents (8.6%), among others. In addition, 18.9% 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 Griffith Park / Golf Estates neighborhood spend between 15 and 30 minutes commuting one-way to work (41.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (74.3%) drive alone in a private automobile to get to work. 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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