Luxmanor / Old Farm median real estate price is $1,060,365, which is more expensive than 98.5% of the neighborhoods in Maryland and 96.7% of the neighborhoods in the U.S.
The average rental price in Luxmanor / Old Farm is currently $2,672, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 86.3% of the neighborhoods in Maryland.
Luxmanor / Old Farm is a suburban neighborhood (based on population density) located in Rockville, Maryland.
Luxmanor / Old Farm real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Luxmanor / Old Farm neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Luxmanor / Old Farm, the current vacancy rate is 3.6%, which is a lower rate of vacancies than 82.9% of all neighborhoods in the U.S. This means that the housing supply in Luxmanor / Old Farm 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 Rockville, the Luxmanor / Old Farm neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
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 0.4% of America's neighborhoods are wealthier than the Luxmanor / Old Farm 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. As one would expect in a considerably wealthy neighborhood such as this, Luxmanor / Old Farm also has one of the lowest ratings of child poverty in the nation.
In addition, if knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Luxmanor / Old Farm neighborhood, where 58.1% have earned an advanced degree. Compare that to the average neighborhood in America, where just 12.4% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 99.8% of the neighborhoods in America.
Also, a majority of the adults in the Luxmanor / Old Farm neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for Maryland by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 99.4% of the neighborhoods in Maryland. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for urban sophisticates, active retirees and families with school-aged children.
The Luxmanor / Old Farm neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 99.4% of the neighborhoods in America. In fact, 78.5% 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.
Furthermore, the Luxmanor / Old Farm neighborhood has a greater proportion of government workers living in it than 98.9% 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.
One way that the Luxmanor / Old Farm neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.1% 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.
In the Luxmanor / Old Farm neighborhood, 19.3% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 96.0% of the neighborhoods in America.
Did you know that the Luxmanor / Old Farm neighborhood has more Russian and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.2% of this neighborhood's residents have Russian ancestry and 3.1% have Arab ancestry.
Luxmanor / Old Farm is also pretty special linguistically. Significantly, 5.5% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 95.7% of the neighborhoods in America.
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 Luxmanor / Old Farm neighborhood in Rockville 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 99.6% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America's neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Luxmanor / Old Farm neighborhood, 78.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is government jobs, whether they are in local, state, or federal positions, with 18.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (14.8%), and 5.4% in clerical, assistant, and tech support occupations.
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 Luxmanor / Old Farm neighborhood is English, spoken by 71.5% of households. Other important languages spoken here include Spanish and Chinese.
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 Luxmanor / Old Farm neighborhood in Rockville, MD, residents most commonly identify their ethnicity or ancestry as German (13.1%). There are also a number of people of Irish ancestry (13.1%), and residents who report Asian roots (9.1%), and some of the residents are also of English ancestry (6.8%), along with some Russian ancestry residents (5.2%), among others. In addition, 24.8% of the residents of this neighborhood were born in another country.
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 Luxmanor / Old Farm neighborhood spend between 45 minutes and one hour commuting one-way to work (31.0% of working residents), longer and tougher than most commutes in America.
Here most residents (70.4%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (19.3%) and 6.5% 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.
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
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: 2019 (latest available). Updated annually. Please note: Unemployment data updated February 2021.
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 about Scout's Demographic Data
Analytics built by: Location, Inc.
Raw data sources: 18,000 local law enforcement agencies in the U.S.
Date(s) & Update Frequency: Reflects 2019 calendar year; released from FBI in Sept. 2020 (latest available). Updated annually. Where is 2020 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 about Scout's Crime Data
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 about Scout's School Data
| School Details | Grades | Quality Rating Compared to MD* | Quality Rating Compared to Nation* |
|---|---|---|---|
|
Ashburton Elementary School
6314 Lone Oak Dr Bethesda, MD 20817 |
PK-05 | ||
|
Farmland Elementary School
7000 Old Gate Road Rockville, MD 20852 |
PK-05 | ||
|
Luxmanor Elementary School
5701 Grosvenor Ln Bethesda, MD 20814 |
PK-05 | ||
|
North Bethesda Middle School
8935 Bradmoor Dr Bethesda, MD 20817 |
06-08 | ||
|
Tilden Middle School
11211 Old Georgetown Rd Rockville, MD 20852 |
06-08 | ||
|
Walter Johnson High School
6400 Rock Spring Dr Bethesda, MD 20814 |
09-12 | ||
| * 10 is highest | |||
GET FULL REPORTS FOR ANY SCHOOL IN THIS DISTRICT
SEE ALL SCHOOLSAnalytics 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
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