640 Vital Statistics. 25 Condition Alerts found.
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Median real estate price in the Town Center of Olney is $516,515, which is more expensive than 83.2% of the neighborhoods in Maryland and 85.6% of the neighborhoods in the U.S.
The average rental price in Olney Town Center is currently $1,570, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 58.9% of Maryland neighborhoods.
Olney Town Center is a suburban neighborhood (based on population density) located in Olney, Maryland.
Real estate in the Town Center of Olney, MD 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 Town Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In Olney Town Center, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Olney Town Center is very tight compared to the demand for property here.
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 Olney, the Town Center neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Real estate in the Olney Town Center 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 98.5% 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. This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Olney Town Center neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
In addition, one way that the Olney Town Center neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 96.9% 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.
Furthermore, 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 Olney Town Center neighborhood could be your paradise. With 24.9% 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 4.5% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.
Did you know that the Olney Town Center neighborhood has more Iranian and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.3% of this neighborhood's residents have Iranian ancestry and 5.2% have Russian ancestry.
Olney Town Center is also pretty special linguistically. Significantly, 1.3% 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 98.2% of the neighborhoods in America.
If you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 2.1% of America's neighborhoods are wealthier than the Olney Town Center neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe.
In addition, one of the really interesting characteristics about the Olney Town Center neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 4.9% of college-friendly places to live in the state of Maryland. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for highly educated executives, urban sophisticates and families with school-aged children.
The Olney Town Center neighborhood has a greater proportion of government workers living in it than 96.9% of the neighborhoods in America, according to NeighborhoodScout's exclusive analysis. This is a unique feature of this neighborhood, and one that shapes its character.
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 Town Center neighborhood in Olney 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 97.9% of the neighborhoods in America. In addition, 1.9% 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 86.8% 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 Olney Town Center neighborhood, 58.2% 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 21.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (14.2%), and 14.0% in government jobs, whether they are in local, state, or federal positions.
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 Town Center neighborhood in Olney, MD, residents most commonly identify their ethnicity or ancestry as Asian (16.7%). There are also a number of people of German ancestry (15.5%), and residents who report Irish roots (12.9%), and some of the residents are also of Italian ancestry (9.0%), along with some English ancestry residents (7.9%), among others. In addition, 20.7% of the residents of this neighborhood were born in another country.
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 Olney Town Center neighborhood is English, spoken by 79.3% of households. Other important languages spoken here include Langs. of India, Spanish and Korean.
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 Olney Town Center neighborhood spend between 45 minutes and one hour commuting one-way to work (28.0% of working residents), longer and tougher than most commutes in America.
Here most residents (83.5%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (8.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
Analytics built by: Location, Inc.
Raw data sources: National Agriculture Statistics Service, U.S. Department of Agriculture, Federal Housing Finance Agency, U.S. Department of Housing and Urban Development, U.S. Bureau of the Census, U.S. Geological Service, American Community Survey.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
44 Vital Statistics. 8 Condition Alerts found.
Analytics built by: Location, Inc.
Raw data sources: American Community Survey, U.S. Bureau of the Census, U.S. Department of Education, 50 state departments of education, U.S. Bureau of Labor Statistics, Federal Bureau of Investigation, 18,000+ local law enforcement agencies, Federal Housing Finance Agency, U.S. Geological Service, National Agricultural Statistics Service.
Date(s) & Update Frequency: 2016 (latest available). Updated annually.
Methodology: Unlike standardly available Census demographics, NeighborhoodScout uses dozens of custom models to transform 8.5 million raw demographic data elements from government sources into proprietary indices and insights…. Read more
136 Vital Statistics. 0 Condition Alerts found.
Analytics built by: Location, Inc.
Raw data sources: 18,000 local law enforcement agencies in the U.S.
Date(s) & Update Frequency: Reflects 2016 calendar year; released from FBI in Sept. 2017 (latest available). Updated annually. Where is 2017 data?
Methodology: Our nationwide meta-analysis overcomes the issues inherent in any crime database, including non-reporting and reporting errors. This is possible by associating the 9.4 million reported crimes in the U.S, including over 2 million geocoded point locations…. Read more
67 Vital Statistics. 4 Condition Alerts found.
| Crime | |
|---|---|
| Town Center | 0.101011101001110 |
| Olney | 0.101011101001110 |
| Maryland | 4.72 |
| Crime | |
|---|---|
| Town Center | 0.101011101001110 |
| Olney | 0.101011101001110 |
| Maryland | 22.84 |
| Crime | |
|---|---|
| Town Center | 0.101011101001110 |
| Olney | 0.101011101001110 |
| Maryland | 57 |
Analytics built by: Location, Inc.
Methodology: Only NeighborhoodScout gives you nationally comparable school ranks based on test scores, so you can directly compare the quality of schools in any location. Read more
65 Vital Statistics. 5 Condition Alerts found.
GET FULL REPORTS FOR ANY SCHOOL IN THIS DISTRICT
SEE ALL SCHOOLS| Discipline | District | State |
|---|---|---|
| Proficiency in Reading and Math | 0.101011101001110 | 0.101011101001110 |
| Proficiency in Reading | 0.101011101001110 | 0.101011101001110 |
| Proficiency in Math | 0.101011101001110 | 0.101011101001110 |
Analytics built by: Location, Inc.
Raw data sources: U.S. Department of Education, 50 state departments of education, U.S. Bureau of Labor Statistics, Dow Jones S&P, Federal Bureau of Investigation, 18,000+ local law enforcement agencies, Federal Housing Finance Agency, U.S. Bureau of the Census, American Community Survey, U.S. Department of Housing and Urban Development, U.S. Geological Service, U.S. Department of Transportation, LEHD Origin-Destination Employment Statistics, Federal Highway Administration, National Agricultural Statistics.
Methodology: Scout Vision uniquely solves for investment risk by generating Home Price Appreciation projections with unprecedented geographic granularity and predictive accuracy, for every micro-neighborhood (block group) in the U.S. Read more
328 Vital Statistics. 8 Condition Alerts found.
| Time Period | Total Appreciation | Avg. Annual Rate |
Compared To
Metro* |
Compared To
America* |
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3 Year Forecast:
2018 Q1 - 2021 Q1 |
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Latest Quarter:
2017 Q3 - 2017 Q4 |
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Last 12 Months:
2016 Q4 - 2017 Q4 |
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Last 2 Years:
2015 Q4 - 2017 Q4 |
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Last 5 Years:
2012 Q4 - 2017 Q4 |
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Last 10 Years:
2007 Q4 - 2017 Q4 |
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Since 2000:
2000 Q1 - 2017 Q4 |
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| * 10 is highest | ||||
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