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Real Estate Prices & Overview

Montgomery Chase / Grand Bel median real estate price is $323,359, which is more expensive than 28.8% of the neighborhoods in Maryland and 45.3% of the neighborhoods in the U.S.

The average rental price in Montgomery Chase / Grand Bel is currently $2,369, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 54.6% of Maryland neighborhoods.

Montgomery Chase / Grand Bel is a densely urban neighborhood (based on population density) located in Silver Spring, Maryland.

Montgomery Chase / Grand Bel real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and townhomes. Most of the residential real estate is renter occupied. Many of the residences in the Montgomery Chase / Grand Bel neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Montgomery Chase / Grand Bel are 3.8%, which is lower than one will find in 74.8% of American neighborhoods. Demand for real estate in Montgomery Chase / Grand Bel is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Real Estate

The real estate in the Montgomery Chase / Grand Bel neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 91.5% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 98.4% of American neighborhoods.

In addition, if you like crowded places, then you will probably enjoy the the Montgomery Chase / Grand Bel neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.6% of neighborhoods in the U.S., with 27,817 people per square mile living here.

Furthermore, the Montgomery Chase / Grand Bel neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 81.9% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Modes of Transportation

Our research shows that more people carpool to work here in the Montgomery Chase / Grand Bel (24.5%) than in 96.8% of the neighborhoods in America.

Diversity

Did you know that the Montgomery Chase / Grand Bel neighborhood has more Brazilian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 10.8% of this neighborhood's residents have Brazilian ancestry.

Montgomery Chase / Grand Bel is also pretty special linguistically. Significantly, 6.6% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 99.5% of the neighborhoods in America.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the Montgomery Chase / Grand Bel neighborhood has a greater percentage of residents born in another country (49.3%) than are found in 97.5% of all U.S. neighborhoods.

The Neighbors

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 Montgomery Chase / Grand Bel neighborhood in Silver Spring are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 41.1% of the neighborhoods in America. With 20.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 69.5% of U.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 Montgomery Chase / Grand Bel neighborhood, 36.1% of the working population is employed in manufacturing and laborer 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 29.0% of the residents employed. Other residents here are employed in executive, management, and professional occupations (23.1%), and 11.9% in clerical, assistant, and tech support occupations.

Languages

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 Montgomery Chase / Grand Bel neighborhood is Spanish, spoken by 45.2% of households. Other important languages spoken here include English, African languages and Portuguese.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Montgomery Chase / Grand Bel neighborhood in Silver Spring, MD, residents most commonly identify their ethnicity or ancestry as Brazilian (10.8%). There are also a number of people of Asian ancestry (8.9%), and residents who report Sub-Saharan African roots (6.8%), and some of the residents are also of South American ancestry (4.8%), along with some Irish ancestry residents (3.6%), among others. In addition, 49.3% of the residents of this neighborhood were born in another country.

Getting to Work

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 Montgomery Chase / Grand Bel neighborhood spend between 45 minutes and one hour commuting one-way to work (47.8% of working residents), longer and tougher than most commutes in America.

Here most residents (52.2%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (24.5%) and 8.5% of residents also ride the bus 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.


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