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Real Estate Prices & Overview

Cardozo median real estate price is $945,936, which is more expensive than 63.8% of the neighborhoods in the District Of Columbia and 88.6% of the neighborhoods in the U.S.

The average rental price in Cardozo is currently $4,153, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 90.1% of the neighborhoods in the District Of Columbia.

Cardozo is a densely urban neighborhood (based on population density) located in Washington, District Of Columbia.

Cardozo 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 occupied by a mixture of owners and renters. Many of the residences in the Cardozo neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Cardozo are 4.0%, which is lower than one will find in 71.3% of American neighborhoods. Demand for real estate in Cardozo 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

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.

People

Wealth makes most things in life easier, and a few things harder. If you are wealthy and enjoy keeping up with the Jones', this neighborhood will interest you. In fact, according to NeighborhoodScout's research, the Cardozo neighborhood is wealthier than 98.4% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood. As one would expect in a considerably wealthy neighborhood such as this, Cardozo also has one of the lowest ratings of child poverty in the nation.

In addition, the first thing that you'll notice if you moved to this neighborhood is that an astounding 5.6% of the households are same sex couples. According to NeighborhoodScout's analysis, this is a higher proportion of same sex households than in 99.9% of the neighborhoods in America. This is one indicator that this neighborhood is likely a gay-friendly neighborhood. So if you are looking for such a neighborhood, the Cardozo neighborhood should definitely be on your list of places to consider.

Also, do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. NeighborhoodScout's research revealed that a full 92.9% of the adults living in the Cardozo neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 99.9% of U.S. neighborhoods. In this way, this neighborhood truly stands out.

Finally, if you're a regular supporter of the arts and enjoy outings to the theatre, weekend boutique-ing, or even a finely aged wine with dinner, than you're in good company with the people of the Cardozo neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 99.0% of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, than you'll certainly feel right at home in the Cardozo neighborhood. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for young, single professionals.

Occupations

The Cardozo neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 99.8% of the neighborhoods in America. In fact, 86.6% 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 Cardozo neighborhood has a greater proportion of government workers living in it than 99.1% 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.

Real Estate

The Cardozo 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 95.0% 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.

In addition, the Cardozo neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 35,982 persons per square mile in the neighborhood, it is more packed with people than 97.6% of the nation's neighborhoods.

Furthermore, one of the really unique and interesting things about the look and setting of the Cardozo neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 76.5% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 96.1% of all neighborhoods in America.

Also of note, if you like the look and ambience of new homes and newly built neighborhoods, you will love the Cardozo neighborhood. A whopping 70.1% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 95.1% of the neighborhoods in the U.S. Everything here just feels new.

Modes of Transportation

In the Cardozo neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 42.5% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 98.8% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.

Also, in the Cardozo neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 20.3% of residents here. This is a higher proportion of walking commuters than we found in 98.3% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Finally, in the Cardozo neighborhood, 9.6% 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 95.6% of the neighborhoods in America.

Car Ownership

We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Cardozo neighborhood has a highly unusual pattern of car ownership. 34.9% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.6% of U.S. neighborhoods.

Diversity

Did you know that the Cardozo neighborhood has more Belgian and Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.6% of this neighborhood's residents have Belgian ancestry and 0.9% have Iranian ancestry.

Cardozo is also pretty special linguistically. Significantly, 3.2% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 97.9% of the neighborhoods in America.

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 Cardozo neighborhood in Washington 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 98.4% 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.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Cardozo neighborhood, 86.6% 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 20.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (5.3%), and 4.7% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

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 Cardozo neighborhood is English, spoken by 78.2% of households. Other important languages spoken here include Spanish, Korean and African languages.

Ethnicity / Ancestry

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 Cardozo neighborhood in Washington, DC, residents most commonly identify their ethnicity or ancestry as German (15.2%). There are also a number of people of Irish ancestry (12.7%), and residents who report English roots (10.2%), and some of the residents are also of Italian ancestry (8.1%), along with some Sub-Saharan African ancestry residents (7.8%), among others. In addition, 14.3% 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 Cardozo neighborhood spend between 15 and 30 minutes commuting one-way to work (38.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (20.3%) hop out the door and walk to work to get to work. In addition, quite a number also drive alone in a private automobile to get to work (17.9%) and 9.6% of residents also take the train for their daily commute. This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.


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