Most Expensive Potomac Neighborhoods
Potomac is a medium-sized town located in the state of Maryland. With a population of 47,448 people and nine constituent neighborhoods, Potomac is the 15th largest community in Maryland.
Potomac home prices are not only among the most expensive in Maryland, but Potomac real estate also consistently ranks among the most expensive in America.
Potomac is a decidedly white-collar town, with fully 97.53% of the workforce employed in white-collar jobs, well above the national average. Overall, Potomac is a town of professionals, managers and sales and office workers. There are especially a lot of people living in Potomac who work in management occupations (20.54%), business and financial occupations (10.78%) and healthcare (9.81%).
Also of interest is that Potomac has more people living here who work in computers and math than 95% of the places in the US.
And if you like science, one thing you'll find is that Potomac has lots of scientists living in town - whether they be life scientists, physical scientists (like astronomers), or social scientists (like geographers!). So, if you're scientific-minded, you might like it here too.
Of important note, Potomac is also a town of artists. Potomac has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Potomac’s character.
Telecommuters are a relatively large percentage of the workforce: 10.73% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Potomac is home to many people who could be described as "urban sophisticates". Urban sophisticates are people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel.
Because of many things, Potomac is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Potomac really has some of the features that families look for when choosing a good community to raise children. Is Potomac perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
In Potomac, however, the average commute to work is quite long. On average, people spend 33.35 minutes each day getting to work, which is significantly higher than the national average. One bright side is that local public transit is widely used, so it may be an option to avoid the headache of driving in the heavy traffic by leaving the car at home and taking transit.
Like elsewhere in America, most people in Potomac use a private automobile to get to work. But notably, a substantial number of Potomac‘s citizens do make use of public transit in their daily commute, primarily riding the subway. This helps more people get to work with less air pollution, and require fewer highways to get them there.
Do you like to read, write and learn? If you move to Potomac, you'll likely find that many of your neighbors like to as well. Potomac is one of the more educated communities in America, with a full 80.37% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in Potomac in 2010 was $85,577, which is wealthy relative to Maryland and the nation. This equates to an annual income of $342,308 for a family of four.
Potomac is a very ethnically-diverse town. The people who call Potomac home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Potomac residents report their race to be White, followed by Asian. Important ancestries of people in Potomac include German, Irish, English, Russian, Italian and Polish.
In addition, Potomac has a lot of people living here who were born outside of the US (29.32%).
The languages spoken by people in Potomac are also diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in Potomac is English. Other important languages spoken here include Chinese, Spanish, Persian and Korean.
|NUMBER OF HOMES AND APARTMENTS||16,093|
|POTOMAC HOME OWNERSHIP|
|% OWNER OCCUPIED||86.49%|
|% RENTER OCCUPIED||13.51%|
|TYPE OF POTOMAC HOMES|
|SINGLE FAMILY DETACHED||73.97%|
|ROWHOUSES AND ATTACHED HOMES||15.10%|
|SMALL APARTMENT BUILDINGS||0.59%|
|COMPLEXES OR HIGH RISE APARTMENTS||10.34%|
|SIZE OF POTOMAC HOMES|
|5 OR MORE BEDROOMS||34.00%|
|AGE OF POTOMAC HOMES|
|NEWER HOMES (2000 OR LATER)||5.21%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||61.73%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||32.17%|
|HISTORIC (1939 OR BEFORE)||0.89%|
|POTOMAC REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$947,028|
|MEDIAN RENTAL PRICE||$2,145|
|HOME VALUE RANGE|
|$0 - $55,000||1.04%|
|$55,001 - $109,000||0.45%|
|$109,001 - $218,000||2.37%|
|$218,001 - $327,000||2.70%|
|$327,001 - $436,000||2.30%|
|$436,001 - $545,000||2.44%|
|$545,001 - $818,000||23.43%|
|$818,001 - $1,090,000||29.76%|
|PEOPLE OF POTOMAC||DETAILS|
|UNDER 5 YEARS||4.86%|
|5 TO 17||20.16%|
|18 TO 24||5.53%|
|25 TO 34||5.69%|
|35 TO 54||28.84%|
|55 TO 64||15.67%|
|65 YEARS AND OVER||19.25%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||97.44%|
|MEDIAN HOUSEHOLD INCOME||$181,385|
|PER CAPITA INCOME||$85,577|
|INDIVIDUALS BELOW POVERTY LEVEL||3.51%|
|INDUSTRIES PEOPLE WORK IN||Professional, scientific, and technical services (25.32%)
Public Service (12.69%)
Real estate (3.23%)
Information Technology (2.59%)
|BLACK OR AFRICAN AMERICAN||4.97%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.18%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||0.55%|
|TWO OR MORE RACES||2.68%|
|HISPANIC OR LATINO (OF ANY RACE)||8.26%|
|ETHNICITIES PRESENT||German (10.35%)
Eastern European (2.47%)
|LANGUAGES SPOKEN||English (65.13%)
African languages (1.21%)
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