When you see a neighborhood for the first time, the most important thing
is often the way it looks, like its homes and its setting. Some places look
the same, but they only reveal their true character after living in them for
a while because they contain a unique mix of occupational or cultural groups.
This neighborhood is very unique in some important ways, according to
NeighborhoodScout's exclusive exploration and analysis.
Notable & Unique: Diversity
Did you know that the Olney Town Center neighborhood has more
Eastern European and Lithuanian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 3.5% of
this neighborhood's residents have Eastern European ancestry and 1.3% have Lithuanian ancestry.
Olney Town Center is also pretty special linguistically. Significantly, 3.0% of its residents five years old and above primarily
speak Gujarati, which is native to the Indian state of Gujarat, at home. While this may seem like a small percentage, it is higher
than 99.2% of the neighborhoods in America.
Notable & Unique: People
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 1.7% 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, the Olney Town Center neighborhood is considered a solid choice
for executive lifestyles. NeighborhoodScout's analysis ranks it as
better than 94.6% of Maryland neighborhoods
for executive living, based on the wealthy, educated professionals,
executives, and managers who choose to reside here, the spacious homes
that are prominent features of the real estate in the neighborhood,
and the high real estate appreciation rates found here relative to
other neighborhoods in the state.
In addition to being an excellent choice for highly educated executives, this
neighborhood is also a very good choice for urban sophisticates.
Notable & Unique: Occupations
The Olney Town Center neighborhood has a greater proportion of
government workers living in it than 96.3% 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.
Furthermore, the Olney Town Center neighborhood has a higher proportion of
its residents employed as executives, managers and professionals than
95.3% of the neighborhoods in American. In fact, 63.5%
of the employed people here make a living as an executive, a manager, or
other professional. With such a high concentration, this truly shapes
the character of this neighborhood, and to a large degree defines what
this neighborhood is about.
Notable & Unique: Real Estate
In addition, 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.
Furthermore, 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 98.3% 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.