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Real Estate Prices & Overview

Brookside Forest / Indian Spring Terrace median real estate price is $715,773, which is more expensive than 81.0% of the neighborhoods in Maryland and 80.1% of the neighborhoods in the U.S.

The average rental price in Brookside Forest / Indian Spring Terrace is currently $2,952, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 64.2% of the neighborhoods in Maryland.

Brookside Forest / Indian Spring Terrace is an urban neighborhood (based on population density) located in Silver Spring, Maryland.

Brookside Forest / Indian Spring Terrace 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 Brookside Forest / Indian Spring Terrace neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

In Brookside Forest / Indian Spring Terrace, the current vacancy rate is 1.7%, which is a lower rate of vacancies than 87.5% of all neighborhoods in the U.S. This means that the housing supply in Brookside Forest / Indian Spring Terrace is very tight compared to the demand for property here.

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 Silver Spring, the Brookside Forest / Indian Spring Terrace neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

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 2.1% of America's neighborhoods are wealthier than the Brookside Forest / Indian Spring Terrace 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. As one would expect in a considerably wealthy neighborhood such as this, Brookside Forest / Indian Spring Terrace also has one of the lowest ratings of child poverty in the nation.

In addition, think about the people you know personally. How many of them would purchase box seats to opening night at the symphony? How many of them regularly attend gallery openings, or are the first to reserve tickets to opening night at the ballet? If they're like most of us, they don't do any of these things. But if you're among an exclusive crowd of wealthy and refined patrons of the arts, then you'll feel right at home in the Brookside Forest / Indian Spring Terrace neighborhood: a neighborhood in which more "urban sophisticates" live than 99.8% of neighborhoods across the U.S. Here, your neighbors are defined as having urbane tastes in literature, music, live theatre and the arts. They are wealthy, educated, travel in style, and live a big city lifestyle whether or not they live in or near a big city. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for highly educated executives.

Also, some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 45.1% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 98.3% of U.S. neighborhoods, where the average American neighborhood has 13.7% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.

Modes of Transportation

A unique way of commuting is simply not to. And in the Brookside Forest / Indian Spring Terrace neighborhood, analysis shows that 43.9% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 99.5% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.

Occupations

The Brookside Forest / Indian Spring Terrace neighborhood has a greater proportion of government workers living in it than 98.1% of the neighborhoods in America, according to NeighborhoodScout's exclusive analysis. This is a unique feature of this neighborhood, and one that shapes its character.

Furthermore, executives, managers and professionals make up 76.0% of the workforce in the Brookside Forest / Indian Spring Terrace neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 97.8% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Diversity

Did you know that the Brookside Forest / Indian Spring Terrace neighborhood has more Welsh and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.5% of this neighborhood's residents have Welsh ancestry and 3.4% have Russian ancestry.

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 Brookside Forest / Indian Spring Terrace 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 97.9% 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 Brookside Forest / Indian Spring Terrace neighborhood, 76.0% 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 16.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (12.1%), and 7.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Brookside Forest / Indian Spring Terrace neighborhood is English, spoken by 79.4% of households. Some people also speak Spanish (10.3%).

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 Brookside Forest / Indian Spring Terrace neighborhood in Silver Spring, MD, residents most commonly identify their ethnicity or ancestry as English (14.2%). There are also a number of people of German ancestry (12.4%), and residents who report Irish roots (10.4%), and some of the residents are also of Sub-Saharan African ancestry (6.2%), along with some Asian ancestry residents (6.2%), among others. In addition, 20.8% 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 Brookside Forest / Indian Spring Terrace neighborhood spend between 45 minutes and one hour commuting one-way to work (30.7% of working residents), longer and tougher than most commutes in America.

Here most residents (37.3%) 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 (9.1%) and 5.9% of residents also take the train 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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