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.
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.
If you love row houses and attached homes, you will probably really like the Olde Carriage Hill / Montgomery Meadows neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 32.2% of the residential real estate here is classified as row houses and attached homes.
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.
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.
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 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.
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.
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 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.
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 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.