Fairview Estates / Hollywood Park median real estate price is $668,307, which is more expensive than 77.8% of the neighborhoods in Maryland and 77.8% of the neighborhoods in the U.S.
The average rental price in Fairview Estates / Hollywood Park is currently $2,861, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 68.1% of the neighborhoods in Maryland.
Fairview Estates / Hollywood Park is a suburban neighborhood (based on population density) located in Silver Spring, Maryland.
Fairview Estates / Hollywood Park real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Fairview Estates / Hollywood Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Fairview Estates / Hollywood Park, the current vacancy rate is 1.4%, which is a lower rate of vacancies than 88.8% of all neighborhoods in the U.S. This means that the housing supply in Fairview Estates / Hollywood Park is very tight compared to the demand for property here.
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 Silver Spring, the Fairview Estates / Hollywood Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Of note is NeighborhoodScout's research finding that the Fairview Estates / Hollywood Park neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Fairview Estates / Hollywood Park community truly stands out from the rest in this regard.
In addition, the Fairview Estates / Hollywood Park neighborhood stands out within Maryland for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 5.2% of college-friendly places to live in MD.
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Fairview Estates / Hollywood Park neighborhood has a highly unusual pattern of car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 33.8% of the households here have four, five, or more cars. That is more cars per household than in 95.4% of the neighborhoods in the nation.
One way that the Fairview Estates / Hollywood Park neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 95.3% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
Did you know that the Fairview Estates / Hollywood Park neighborhood has more West Indian and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.2% of this neighborhood's residents have West Indian ancestry and 14.0% have Sub-Saharan African ancestry.
Fairview Estates / Hollywood Park is also pretty special linguistically. Significantly, 6.9% 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 99.3% of the neighborhoods in America.
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. More residents of the Fairview Estates / Hollywood Park neighborhood live here today that also were living in this same neighborhood five years ago than is found in 95.9% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.
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 Fairview Estates / Hollywood Park neighborhood in Silver Spring are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 93.7% 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.
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 Fairview Estates / Hollywood Park neighborhood, 47.2% 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 28.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (13.8%), and 10.1% 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 Fairview Estates / Hollywood Park neighborhood is English, spoken by 44.1% of households. Other important languages spoken here include Spanish, African languages, French and Vietnamese.
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 Fairview Estates / Hollywood Park neighborhood in Silver Spring, MD, residents most commonly identify their ethnicity or ancestry as Asian (16.1%). There are also a number of people of Sub-Saharan African ancestry (14.0%), and residents who report Irish roots (5.2%), and some of the residents are also of Italian ancestry (4.3%), along with some German ancestry residents (3.4%), among others. In addition, 38.0% 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 Fairview Estates / Hollywood Park neighborhood spend between 30 and 45 minutes commuting one-way to work (34.5% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (66.1%) 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 (10.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.