Holly Hall Terrace / Elkwood Estates median real estate price is $359,904, which is more expensive than 31.8% of the neighborhoods in Maryland and 48.9% of the neighborhoods in the U.S.
The average rental price in Holly Hall Terrace / Elkwood Estates is currently $1,724, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 90.3% of Maryland neighborhoods.
Holly Hall Terrace / Elkwood Estates is a rural neighborhood (based on population density) located in Elkton, Maryland. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Holly Hall Terrace / Elkwood Estates real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Holly Hall Terrace / Elkwood Estates neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Holly Hall Terrace / Elkwood Estates has a 11.5% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 67.7% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
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 Elkton, the Holly Hall Terrace / Elkwood Estates neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Holly Hall Terrace / Elkwood Estates is a neighborhood that is on the ocean, a bay, or inlet. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. In addition to being coastal, Holly Hall Terrace / Elkwood Estates is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.
Did you know that the Holly Hall Terrace / Elkwood Estates neighborhood has more Austrian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.3% of this neighborhood's residents have Austrian ancestry.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Holly Hall Terrace / Elkwood Estates neighborhood in Elkton are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 59.2% of the neighborhoods in America. With 10.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 51.4% of U.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 Holly Hall Terrace / Elkwood Estates neighborhood, 39.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 22.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (21.5%), and 15.9% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
The most common language spoken in the Holly Hall Terrace / Elkwood Estates neighborhood is English, spoken by 94.7% of households. Some people also speak Spanish (4.2%).
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 Holly Hall Terrace / Elkwood Estates neighborhood in Elkton, MD, residents most commonly identify their ethnicity or ancestry as German (9.7%). There are also a number of people of Italian ancestry (9.7%), and residents who report Irish roots (9.5%), and some of the residents are also of English ancestry (5.7%), along with some Polish ancestry residents (3.7%), among others.
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 Holly Hall Terrace / Elkwood Estates neighborhood spend between 30 and 45 minutes commuting one-way to work (33.9% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (71.5%) 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 (17.5%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.