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Real Estate Prices & Overview

Gunners Lake Village median real estate price is $402,548, which is more expensive than 46.6% of the neighborhoods in Maryland and 61.3% of the neighborhoods in the U.S.

The average rental price in Gunners Lake Village is currently $2,440, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 47.8% of Maryland neighborhoods.

Gunners Lake Village is an urban neighborhood (based on population density) located in Germantown, Maryland.

Gunners Lake Village real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and townhomes. Most of the residential real estate is renter occupied. Many of the residences in the Gunners Lake Village neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Gunners Lake Village are 3.8%, which is lower than one will find in 76.4% of American neighborhoods. Demand for real estate in Gunners Lake Village 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

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 Germantown, the Gunners Lake Village neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Gunners Lake Village neighborhood could be your paradise. With 36.4% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 2.3% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.

In addition, most neighborhoods are composed of a mixture of ages of homes, but the Gunners Lake Village 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, 84.9% of the residential real estate here was built in this one time period.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (14.2% ride the bus) than 96.7% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Gunners Lake Village neighborhood have a highly unusual car ownership. 21.5% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.7% of U.S. neighborhoods.

People

With more than 1.6% of residents living with a same sex partner, Gunners Lake Village is truly a neighborhood that stands out from the rest in this regard. In fact, exclusive analysis by NeighborhoodScout reveals that this neighborhood has a greater concentration of same sex couples than 95.2% of U.S. neighborhoods.

Diversity

Did you know that the Gunners Lake Village neighborhood has more South American and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 16.5% of this neighborhood's residents have South American ancestry and 10.8% have Puerto Rican ancestry.

Gunners Lake Village is also pretty special linguistically. Significantly, 8.1% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 98.8% of the neighborhoods in America.

Migration / Stability

Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Gunners Lake Village neighborhood. What is interesting to note, is that the Gunners Lake Village neighborhood has a greater percentage of residents born in another country (44.8%) than are found in 96.1% of all U.S. neighborhoods.

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 Gunners Lake Village neighborhood in Germantown are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 56.1% of the neighborhoods in America. With 44.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 91.2% of U.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 Gunners Lake Village neighborhood, 34.3% 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 33.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.8%), and 15.0% 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 Gunners Lake Village neighborhood is Spanish, spoken by 41.7% of households. Other important languages spoken here include English, French, Polish 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 Gunners Lake Village neighborhood in Germantown, MD, residents most commonly identify their ethnicity or ancestry as South American (16.5%). There are also a number of people of Sub-Saharan African ancestry (11.1%), and residents who report Puerto Rican roots (10.8%), and some of the residents are also of Asian ancestry (10.1%), along with some German ancestry residents (9.0%), among others. In addition, 44.8% of the residents of this neighborhood were born in another country.

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 Gunners Lake Village neighborhood spend between 15 and 30 minutes commuting one-way to work (37.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (63.6%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (14.2%) and 9.7% 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.


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