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Real Estate Prices & Overview

Lochearn South median real estate price is $344,222, which is more expensive than 29.4% of the neighborhoods in Maryland and 47.7% of the neighborhoods in the U.S.

The average rental price in Lochearn South is currently $2,643, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 41.9% of Maryland neighborhoods.

Lochearn South is a suburban neighborhood (based on population density) located in Gwynn Oak, Maryland.

Lochearn South 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 owner occupied. Many of the residences in the Lochearn South neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Lochearn South are 4.1%, which is lower than one will find in 72.5% of American neighborhoods. Demand for real estate in Lochearn South 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

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.

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 Lochearn South neighborhood could be your paradise. With 40.3% 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 1.9% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.

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 Lochearn South neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 15.2% of its workforce, this neighborhood has a greater concentration of government workers than 97.2% of U.S. neighborhoods.

Diversity

Did you know that the Lochearn South neighborhood has more Sub-Saharan African and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 24.1% of this neighborhood's residents have Sub-Saharan African ancestry and 7.5% have Jamaican ancestry.

Lochearn South is also pretty special linguistically. Significantly, 2.8% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 96.8% 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 Lochearn South neighborhood in Gwynn Oak are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 47.2% of the neighborhoods in America. With 15.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 60.8% 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 Lochearn South neighborhood, 39.7% 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 23.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (20.8%), and 15.7% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Lochearn South neighborhood is English, spoken by 97.0% of households. Some people also speak African languages (2.8%).

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 Lochearn South neighborhood in Gwynn Oak, MD, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (24.1%). There are also a number of people of African ancestry (10.5%), and residents who report Jamaican roots (7.5%), and some of the residents are also of Irish ancestry (4.0%), along with some German ancestry residents (1.8%), among others.

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 Lochearn South neighborhood spend between 15 and 30 minutes commuting one-way to work (41.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (71.3%) 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 (10.8%) and 5.1% of residents also ride the bus for their daily commute. 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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