640 Vital Statistics. 22 Condition Alerts found.
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Luxmanor / Old Farm median real estate price is $1,029,599, which is more expensive than 98.4% 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 $2,814, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 91.3% 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 2.0%, which is a lower rate of vacancies than 91.6% 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 1.5% 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, some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 51.0% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 99.5% of U.S. neighborhoods, where the average American neighborhood has 8.4% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.
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 99.5% 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 active retirees, urban sophisticates 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, 77.2% 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 government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Luxmanor / Old Farm neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 14.2% of its workforce, this neighborhood has a greater concentration of government workers than 97.1% of U.S. neighborhoods.
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 98.9% 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.
In the Luxmanor / Old Farm neighborhood, 14.8% 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 95.2% of the neighborhoods in America.
Did you know that the Luxmanor / Old Farm neighborhood has more Greek and Austrian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.7% of this neighborhood's residents have Greek ancestry and 1.4% have Austrian ancestry.
Luxmanor / Old Farm is also pretty special linguistically. Significantly, 0.9% 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 97.3% 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 98.5% 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.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Luxmanor / Old Farm neighborhood, 77.2% 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 14.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (13.8%), and 8.1% 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 73.2% of households. Other important languages spoken here include Chinese, Spanish and French.
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Luxmanor / Old Farm neighborhood in Rockville, MD, residents most commonly identify their ethnicity or ancestry as German (16.0%). There are also a number of people of Irish ancestry (15.6%), and residents who report Asian roots (8.8%), and some of the residents are also of English ancestry (8.2%), along with some Russian ancestry residents (4.2%), among others. In addition, 21.4% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Luxmanor / Old Farm neighborhood spend between 30 and 45 minutes commuting one-way to work (33.5% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (74.3%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (14.8%) and 8.2% 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
44 Vital Statistics. 6 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: 2017 (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. 2 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 2018 calendar year; released from FBI in Sept. 2019 (latest available). Updated annually. Where is 2019 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. 3 Condition Alerts found.
| Crime | |
|---|---|
| Luxmanor / Old Farm | 0.101011101001110 |
| Rockville | 0.101011101001110 |
| Maryland | 4.69 |
| Crime | |
|---|---|
| Luxmanor / Old Farm | 0.101011101001110 |
| Rockville | 0.101011101001110 |
| Maryland | 20.33 |
| Crime | |
|---|---|
| Luxmanor / Old Farm | 0.101011101001110 |
| Rockville | 0.101011101001110 |
| Maryland | 52 |
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. 6 Condition Alerts found.
| Time Period | Total Appreciation | Avg. Annual Rate |
Compared To
Metro* |
Compared To
America* |
|---|---|---|---|---|
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3 Year Forecast:
2019 Q4 - 2022 Q4 |
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Latest Quarter:
2019 Q2 - 2019 Q3 |
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Last 12 Months:
2018 Q3 - 2019 Q3 |
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Last 2 Years:
2017 Q3 - 2019 Q3 |
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Last 5 Years:
2014 Q3 - 2019 Q3 |
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Last 10 Years:
2009 Q3 - 2019 Q3 |
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Since 2000:
2000 Q1 - 2019 Q3 |
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| * 10 is highest | ||||
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