Maymont Estates / Wolftrap Meadows median real estate price is $1,300,023, which is more expensive than 97.0% of the neighborhoods in Virginia and 94.8% of the neighborhoods in the U.S.
The average rental price in Maymont Estates / Wolftrap Meadows is currently $4,851, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 98.7% of the neighborhoods in Virginia.
Maymont Estates / Wolftrap Meadows is a suburban neighborhood (based on population density) located in Vienna, Virginia.
Maymont Estates / Wolftrap Meadows real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Maymont Estates / Wolftrap 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.
In Maymont Estates / Wolftrap Meadows, the current vacancy rate is 2.0%, which is a lower rate of vacancies than 86.7% of all neighborhoods in the U.S. This means that the housing supply in Maymont Estates / Wolftrap Meadows 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 Vienna, the Maymont Estates / Wolftrap Meadows neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Real Estate
One way that the Maymont Estates / Wolftrap Meadows neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.9% 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.
In addition, some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the Maymont Estates / Wolftrap Meadows neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 95.1% of all American neighborhoods.
Occupations
Executives, managers and professionals make up 81.7% of the workforce in the Maymont Estates / Wolftrap Meadows neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 99.4% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Furthermore, 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 Maymont Estates / Wolftrap Meadows neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 16.8% of its workforce, this neighborhood has a greater concentration of government workers than 98.0% of U.S. neighborhoods.
People
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 0.9% of America's neighborhoods are wealthier than the Maymont Estates / Wolftrap Meadows 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.
In addition, the rate of college educated adults in the Maymont Estates / Wolftrap Meadows neighborhood is a unique characteristic of the neighborhood. 85.1% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 34.3% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 99.1% of all U.S. neighborhoods.
Also, according to NeighborhoodScout's exclusive analysis, Maymont Estates / Wolftrap Meadows is among the best neighborhoods for families in Virginia. In fact, this neighborhood is more family-friendly than 96.8% of neighborhoods in the entire state of Virginia. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Maymont Estates / Wolftrap Meadows neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for urban sophisticates and highly educated executives.
Modes of Transportation
In the Maymont Estates / Wolftrap Meadows neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 33.5% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 98.3% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
Diversity
Did you know that the Maymont Estates / Wolftrap Meadows neighborhood has more Arab and Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.8% of this neighborhood's residents have Arab ancestry and 1.8% have Iranian ancestry.
Maymont Estates / Wolftrap Meadows is also pretty special linguistically. Significantly, 2.6% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 99.4% of the neighborhoods in America.
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 Maymont Estates / Wolftrap Meadows neighborhood in Vienna 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 99.1% of the neighborhoods in America. In addition, 1.9% 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 75.5% 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 Maymont Estates / Wolftrap Meadows neighborhood, 81.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is government jobs, whether they are in local, state, or federal positions, with 16.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (11.4%), and 3.8% 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 Maymont Estates / Wolftrap Meadows neighborhood is English, spoken by 65.1% of households. Other important languages spoken here include Chinese, Spanish, Langs. of India and Polish.
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 Maymont Estates / Wolftrap Meadows neighborhood in Vienna, VA, residents most commonly identify their ethnicity or ancestry as Asian (24.4%). There are also a number of people of English ancestry (12.6%), and residents who report Irish roots (9.7%), and some of the residents are also of German ancestry (8.7%), along with some Arab ancestry residents (5.8%), among others. In addition, 35.9% 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 Maymont Estates / Wolftrap Meadows neighborhood spend between 15 and 30 minutes commuting one-way to work (35.6% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (56.7%) 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 (5.7%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
