Oldtown median real estate price is $193,117, which is less expensive than 93.1% of Maryland neighborhoods and 81.7% of all U.S. neighborhoods.
The average rental price in Oldtown is currently $1,441, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 95.2% of Maryland neighborhoods.
Oldtown is a densely urban neighborhood (based on population density) located in Baltimore, Maryland.
Oldtown real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) townhomes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Oldtown 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 Oldtown are 4.2%, which is lower than one will find in 70.6% of American neighborhoods. Demand for real estate in Oldtown 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.
American households most often have a car, and regularly they have two or three. But households in the Oldtown neighborhood buck this trend. 84.4% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.9% of U.S. neighborhoods.
Our research revealed that more commuters here take the bus to work (38.1% ride the bus) than 99.9% 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.
Also, in the Oldtown neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 26.4% of commuters carpool here, which is more than in 97.6% of all U.S. neighborhoods.
If you love row houses and attached homes, you will probably really like the Oldtown 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, 60.7% of the residential real estate here is classified as row houses and attached homes.
In addition, 93.6% of the real estate in the Oldtown neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Furthermore, if you like crowded places, then you will probably enjoy the the Oldtown neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.6% of neighborhoods in the U.S., with 23,078 people per square mile living here.
The Oldtown neighborhood stands out for having an average per capita income lower than 99.2% of the neighborhoods in the United States. The Oldtown neighborhood also has a greater percentage of children living in poverty (58.3%) than found in 96.6% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.
In addition, whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the Oldtown neighborhood has more single mother households than 99.0% of the neighborhoods in the U.S. Often high concentrations of single mother homes can be a strong indicator of family and social issues such as poverty, high rates of school dropouts, crime, and other societal problems.
Also, neighborhoodScout's exclusive research revealed that 96.2% of the adult residents in the Oldtown neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 98.0% of the neighborhoods in America.
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Oldtown neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 13.2% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 98.0% of all neighborhoods in America.
Did you know that the Oldtown neighborhood has more Jamaican and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 22.9% of this neighborhood's residents have Jamaican ancestry and 19.7% have Sub-Saharan African ancestry.
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 Oldtown neighborhood in Baltimore are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.2% of U.S. neighborhoods. With 58.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 96.6% of U.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 Oldtown neighborhood, 28.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 27.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (22.6%), and 20.8% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
Languages
The most common language spoken in the Oldtown neighborhood is English, spoken by 98.2% of households.
Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Oldtown neighborhood in Baltimore, MD, residents most commonly identify their ethnicity or ancestry as Jamaican (22.9%). There are also a number of people of Sub-Saharan African ancestry (19.7%), and residents who report African roots (4.3%), and some of the residents are also of Irish ancestry (1.3%).
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 Oldtown neighborhood spend between 15 and 30 minutes commuting one-way to work (37.1% of working residents), which is shorter than the time spent commuting to work for most Americans. However, there is also a significant group of residents (13.2%) who commute over an hour in each direction.
Here most residents (38.1%) ride the bus to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (26.4%) and 20.6% of residents also drive alone in a private automobile for their daily commute. The bus provides a valuable service in the Oldtown neighborhood of Baltimore by getting a lot of residents to and from work daily, reducing the costs of commuting and reducing some congestion on the roads as well.
