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Real Estate Prices & Overview

Colonial Park median real estate price is $214,056, which is less expensive than 91.9% of Maryland neighborhoods and 78.3% of all U.S. neighborhoods.

The average rental price in Colonial Park is currently $2,076, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 71.5% of Maryland neighborhoods.

Colonial Park is a rural neighborhood (based on population density) located in Gwynn Oak, Maryland.

Colonial Park 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Colonial Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In Colonial Park, the current vacancy rate is 0.2%, which is a lower rate of vacancies than 93.1% of all neighborhoods in the U.S. This means that the housing supply in Colonial Park is very tight compared to the demand for property here.

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

In a nation where 1 out of every 4 children lives in poverty, the Colonial Park neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, an extraordinary 17.7% of the residents of the Colonial Park neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.

Occupations

The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Colonial Park neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 26.7% of its workforce, this neighborhood has a greater concentration of government workers than 99.8% of U.S. neighborhoods.

Modes of Transportation

Our research reveals that 92.7% of commuters who live in the Colonial Park neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 99.2% of U.S. neighborhoods.

Diversity

Did you know that the Colonial Park neighborhood has more Sub-Saharan African and Portuguese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 32.9% of this neighborhood's residents have Sub-Saharan African ancestry and 2.5% have Portuguese ancestry.

Colonial Park is also pretty special linguistically. Significantly, 5.2% 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 99.0% 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 Colonial Park neighborhood in Gwynn Oak are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 61.7% 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.

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 Colonial Park neighborhood, 32.7% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 32.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (29.3%), and 26.7% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Colonial Park neighborhood is English, spoken by 78.8% of households. Some people also speak Korean (5.2%).

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 Colonial Park neighborhood in Gwynn Oak, MD, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (32.9%). There are also a number of people of English ancestry (8.3%), and residents who report Asian roots (5.3%), and some of the residents are also of German ancestry (2.6%), along with some Portuguese ancestry residents (2.5%), among others. In addition, 30.6% 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 Colonial Park neighborhood spend between 15 and 30 minutes commuting one-way to work (41.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (92.7%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


Real Estate includes:
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Economics & Demographics include:
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Race & Ethnic Diversity
Employment Industries & Occupations
Income & Unemployment Rate
Higher Education Attainment
Crime includes:
Neighborhood Crime Index
Crimes Per Square Mile
Property Crime Comparison
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Schools include:
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