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Real Estate Prices & Overview

Parker Farm / Strathmore at Bel Pre median real estate price is $811,969, which is more expensive than 88.4% of the neighborhoods in Maryland and 85.2% of the neighborhoods in the U.S.

The average rental price in Parker Farm / Strathmore at Bel Pre is currently $3,030, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 71.2% of the neighborhoods in Maryland.

Parker Farm / Strathmore at Bel Pre is an urban neighborhood (based on population density) located in Silver Spring, Maryland.

Parker Farm / Strathmore at Bel Pre real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Parker Farm / Strathmore at Bel Pre neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Parker Farm / Strathmore at Bel Pre are 5.9%, which is lower than one will find in 60.8% of American neighborhoods. Demand for real estate in Parker Farm / Strathmore at Bel Pre 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

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 Parker Farm / Strathmore at Bel Pre neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

In the Parker Farm / Strathmore at Bel Pre neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 27.4% of commuters carpool here, which is more than in 98.1% of all U.S. neighborhoods.

Also, our research revealed that more commuters here take the bus to work (11.9% ride the bus) than 95.9% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Diversity

Did you know that the Parker Farm / Strathmore at Bel Pre neighborhood has more Brazilian and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.9% of this neighborhood's residents have Brazilian ancestry and 8.5% have Jamaican ancestry.

Parker Farm / Strathmore at Bel Pre is also pretty special linguistically. Significantly, 2.7% of its residents five years old and above primarily speak Urdu, which is the national language of Pakistan, at home. While this may seem like a small percentage, it is higher than 99.3% of the neighborhoods in America.

Migration / Stability

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. What is interesting to note, is that the Parker Farm / Strathmore at Bel Pre neighborhood has a greater percentage of residents born in another country (45.3%) than are found in 96.2% of all U.S. neighborhoods.

The Neighbors

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 Parker Farm / Strathmore at Bel Pre neighborhood in Silver Spring are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 72.0% of the neighborhoods in America. In addition, 9.1% 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 52.9% of America's neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Parker Farm / Strathmore at Bel Pre neighborhood, 40.4% 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 31.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (20.5%), and 10.4% in government jobs, whether they are in local, state, or federal positions.

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 Parker Farm / Strathmore at Bel Pre neighborhood is English, spoken by 50.0% of households. Other important languages spoken here include Spanish, African languages, Portuguese and Urdu (the national language of Pakistan).

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 Parker Farm / Strathmore at Bel Pre neighborhood in Silver Spring, MD, residents most commonly identify their ethnicity or ancestry as Brazilian (11.9%). There are also a number of people of Jamaican ancestry (8.5%), and residents who report Asian roots (7.3%), and some of the residents are also of German ancestry (5.8%), along with some Sub-Saharan African ancestry residents (4.7%), among others. In addition, 45.3% 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 Parker Farm / Strathmore at Bel Pre neighborhood spend between 30 and 45 minutes commuting one-way to work (31.3% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (42.7%) 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 (27.4%) and 11.9% 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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