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Real Estate Prices & Overview

Terrace Hills / Maple Valley Estates median real estate price is $385,273, which is more expensive than 42.9% of the neighborhoods in Maryland and 57.1% of the neighborhoods in the U.S.

The average rental price in Terrace Hills / Maple Valley Estates is currently $2,302, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 54.8% of Maryland neighborhoods.

Terrace Hills / Maple Valley Estates is a suburban neighborhood (based on population density) located in Hagerstown, Maryland.

Terrace Hills / Maple Valley Estates real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Terrace Hills / Maple Valley Estates 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 Terrace Hills / Maple Valley Estates are 6.1%, which is lower than one will find in 60.9% of American neighborhoods. Demand for real estate in Terrace Hills / Maple Valley Estates 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 get around.

Diversity

Did you know that the Terrace Hills / Maple Valley Estates neighborhood has more Brazilian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.9% of this neighborhood's residents have Brazilian ancestry.

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 Terrace Hills / Maple Valley Estates neighborhood in Hagerstown are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 72.8% of the neighborhoods in America. In addition, 2.0% 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 75.4% 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 Terrace Hills / Maple Valley Estates neighborhood, 50.1% 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 29.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.3%), and 10.0% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Terrace Hills / Maple Valley Estates neighborhood is English, spoken by 91.7% of households. Some people also speak Spanish (6.1%).

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 Terrace Hills / Maple Valley Estates neighborhood in Hagerstown, MD, residents most commonly identify their ethnicity or ancestry as German (32.9%). There are also a number of people of English ancestry (14.5%), and residents who report Irish roots (12.8%), and some of the residents are also of Italian ancestry (4.4%), along with some Mexican ancestry residents (4.1%), among others.

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 Terrace Hills / Maple Valley Estates neighborhood spend between 15 and 30 minutes commuting one-way to work (43.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (79.7%) 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 (9.6%) . 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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