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Real Estate Prices & Overview

Olde Carriage Hill / Montgomery Meadows median real estate price is $340,163, which is less expensive than 70.9% of Maryland neighborhoods and 55.7% of all U.S. neighborhoods.

The average rental price in Olde Carriage Hill / Montgomery Meadows is currently $2,505, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 52.1% of Maryland neighborhoods.

Olde Carriage Hill / Montgomery Meadows is an urban neighborhood (based on population density) located in Gaithersburg, Maryland.

Olde Carriage Hill / Montgomery Meadows 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 Olde Carriage Hill / Montgomery Meadows neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Real estate vacancies in Olde Carriage Hill / Montgomery Meadows are 4.7%, which is lower than one will find in 68.3% of American neighborhoods. Demand for real estate in Olde Carriage Hill / Montgomery Meadows 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

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 Gaithersburg, the Olde Carriage Hill / Montgomery Meadows neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Olde Carriage Hill / Montgomery Meadows neighborhood could be your paradise. With 32.2% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 2.9% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.

Diversity

Did you know that the Olde Carriage Hill / Montgomery Meadows neighborhood has more Brazilian and Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.4% of this neighborhood's residents have Brazilian ancestry and 3.3% have Iranian ancestry.

Olde Carriage Hill / Montgomery Meadows is also pretty special linguistically. Significantly, 8.4% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 98.8% of the neighborhoods in America.

The Neighbors

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 Olde Carriage Hill / Montgomery Meadows neighborhood in Gaithersburg are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 65.0% of the neighborhoods in America. With 12.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 54.0% of U.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 Olde Carriage Hill / Montgomery Meadows neighborhood, 50.1% of the working population is employed in executive, management, and professional 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 25.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (15.3%), and 9.5% 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 Olde Carriage Hill / Montgomery Meadows neighborhood is English, spoken by 44.2% of households. Other important languages spoken here include Spanish, French, Langs. of India and Chinese.

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 Olde Carriage Hill / Montgomery Meadows neighborhood in Gaithersburg, MD, residents most commonly identify their ethnicity or ancestry as Asian (10.9%). There are also a number of people of South American ancestry (9.0%), and residents who report Sub-Saharan African roots (6.9%), and some of the residents are also of German ancestry (4.5%), along with some Brazilian ancestry residents (4.4%), among others. In addition, 40.3% of the residents of this neighborhood were born in another country.

Getting to Work

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 Olde Carriage Hill / Montgomery Meadows neighborhood spend between 15 and 30 minutes commuting one-way to work (34.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (64.9%) 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 (12.3%) . 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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