Colonial Park median real estate price is $290,137, which is less expensive than 81.5% of Maryland neighborhoods and 62.0% of all U.S. neighborhoods.
The average rental price in Colonial Park is currently $2,394, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 59.1% of Maryland neighborhoods.
Colonial Park is a rural neighborhood (based on population density) located in Gwynn Oak, Maryland.
Colonial 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Colonial Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Real estate vacancies in Colonial Park are 5.6%, which is lower than one will find in 62.5% of American neighborhoods. Demand for real estate in Colonial Park 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.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
In a nation where 1 out of every 4 children lives in poverty, the Colonial Park neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
The Colonial Park neighborhood has a greater proportion of government workers living in it than 97.9% 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.
Our research shows that more people carpool to work here in the Colonial Park (23.8%) than in 96.4% of the neighborhoods in America.
Did you know that the Colonial Park neighborhood has more Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.5% of this neighborhood's residents have Sub-Saharan African ancestry.
Colonial Park is also pretty special linguistically. Significantly, 11.6% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 99.7% 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 Colonial Park neighborhood in Gwynn Oak are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 81.1% of U.S. neighborhoods. 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.
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 Colonial Park neighborhood, 62.9% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 19.0% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (16.5%), and 11.5% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
The most common language spoken in the Colonial Park neighborhood is English, spoken by 86.8% of households. Some people also speak Korean (11.6%).
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 Colonial Park neighborhood in Gwynn Oak, MD, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (11.5%). There are also a number of people of Asian ancestry (11.4%), and residents who report Irish roots (7.3%), and some of the residents are also of Italian ancestry (4.4%), along with some Polish ancestry residents (3.5%), among others. In addition, 15.2% of the residents of this neighborhood were born in another country.
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 Colonial Park neighborhood spend between 15 and 30 minutes commuting one-way to work (55.4% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (66.7%) 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 (23.8%) and 6.0% of residents also hop out the door and walk to work 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.