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Real Estate Prices & Overview

Bren Mar Park median real estate price is $652,929, which is more expensive than 75.2% of the neighborhoods in Virginia and 77.1% of the neighborhoods in the U.S.

The average rental price in Bren Mar Park is currently $2,954, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 79.8% of the neighborhoods in Virginia.

Bren Mar Park is an urban neighborhood (based on population density) located in Alexandria, Virginia.

Bren Mar 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 townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Bren Mar Park 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.

Bren Mar Park has a 11.0% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 65.8% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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 Alexandria, the Bren Mar Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

With 2.8% of employed workers living in the Bren Mar Park neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 97.5% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

People

If knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Bren Mar Park neighborhood, where 40.0% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.4% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 97.0% of the neighborhoods in America.

In addition, if you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 4.4% of America's neighborhoods are wealthier than the Bren Mar Park neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe.

Real Estate

If you love row houses and attached homes, you will probably really like the Bren Mar Park 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, 31.4% of the residential real estate here is classified as row houses and attached homes.

Diversity

Did you know that the Bren Mar Park neighborhood has more South American and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.7% of this neighborhood's residents have South American ancestry and 10.6% have Sub-Saharan African ancestry.

Bren Mar Park is also pretty special linguistically. Significantly, 14.2% 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 99.9% 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 Bren Mar Park neighborhood in Alexandria 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 95.6% of the neighborhoods in America. With 21.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 71.2% of U.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 Bren Mar Park neighborhood, 65.8% 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 18.9% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (9.9%), and 8.1% 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 Bren Mar Park neighborhood is English, spoken by 72.3% of households. Other important languages spoken here include African languages, Spanish 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 Bren Mar Park neighborhood in Alexandria, VA, residents most commonly identify their ethnicity or ancestry as Asian (13.3%). There are also a number of people of Sub-Saharan African ancestry (10.6%), and residents who report Irish roots (9.1%), and some of the residents are also of English ancestry (7.5%), along with some South American ancestry residents (6.7%), among others. In addition, 25.2% of the residents of this neighborhood were born in another country.

Getting to Work

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 Bren Mar Park neighborhood spend between 15 and 30 minutes commuting one-way to work (35.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (69.3%) 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 (10.4%) . 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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