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Real Estate Prices & Overview

Cheverly West / Cheverly- Springmill median real estate price is $538,377, which is more expensive than 66.5% of the neighborhoods in Maryland and 72.5% of the neighborhoods in the U.S.

The average rental price in Cheverly West / Cheverly- Springmill is currently $3,355, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 85.0% of the neighborhoods in Maryland.

Cheverly West / Cheverly- Springmill is a suburban neighborhood (based on population density) located in Cheverly, Maryland.

Cheverly West / Cheverly- Springmill real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Cheverly West / Cheverly- Springmill neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

In Cheverly West / Cheverly- Springmill, the current vacancy rate is 1.6%, which is a lower rate of vacancies than 88.9% of all neighborhoods in the U.S. This means that the housing supply in Cheverly West / Cheverly- Springmill is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Occupations

The Cheverly West / Cheverly- Springmill neighborhood has a greater proportion of government workers living in it than 99.6% 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.

People

For many reasons, Cheverly West / Cheverly- Springmill is rated by NeighborhoodScout as one of the top 1.1% of ideal neighborhoods for first-time home buyers in the state of Maryland. Homes here are priced below median housing values in the state, yet the neighborhood has a track record according to NeighborhoodScout's exclusive neighborhood home appreciation rates of above average real estate appreciation over the last five years compared to other MD neighborhoods, protecting your investment in your first home, while simultaneously making it less risky for your lender. Not only does this neighborhood stand out for combining price and home value stability or increases, it also is a neighborhood with a high quality resident population according exclusive data, meaning this is likely a good place to buy, live, and enjoy. While many first time home buyers focus purely on low cost and convenient location, which can risk your investment in your first home and put you in a less than desirable neighborhood, this neighborhood is a true standout for a lot of reasons, and definitely worth a look if you are a first time home buyer. In addition to being an excellent choice for first-time home buyers, this neighborhood is also a very good choice for urban sophisticates and highly educated executives.

In addition, 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 4.9% of America's neighborhoods are wealthier than the Cheverly West / Cheverly- Springmill 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.

Real Estate

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 Cheverly West / Cheverly- Springmill 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 98.7% of all American neighborhoods.

In addition, owner-occupied real estate dominates the Cheverly West / Cheverly- Springmill neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 96.2% of neighborhoods in America.

Modes of Transportation

A unique way of commuting is simply not to. And in the Cheverly West / Cheverly- Springmill neighborhood, analysis shows that 33.0% 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 98.2% 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.

Also, in the Cheverly West / Cheverly- Springmill neighborhood, 18.3% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 97.0% of the neighborhoods in America.

Diversity

Did you know that the Cheverly West / Cheverly- Springmill neighborhood has more Swiss and Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.6% of this neighborhood's residents have Swiss ancestry and 1.0% have Canadian 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 Cheverly West / Cheverly- Springmill neighborhood in Cheverly 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 95.1% of the neighborhoods in America. In addition, 5.5% 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 62.9% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Cheverly West / Cheverly- Springmill neighborhood, 68.1% 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 24.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (14.9%), and 13.7% 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 Cheverly West / Cheverly- Springmill neighborhood is English, spoken by 95.5% of households. Other important languages spoken here include Italian, Polish and Chinese.

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 Cheverly West / Cheverly- Springmill neighborhood in Cheverly, MD, residents most commonly identify their ethnicity or ancestry as German (18.0%). There are also a number of people of Irish ancestry (15.1%), and residents who report English roots (11.8%), and some of the residents are also of Sub-Saharan African ancestry (9.1%), along with some Swiss ancestry residents (5.6%), among others.

Getting to Work

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 Cheverly West / Cheverly- Springmill neighborhood spend between 30 and 45 minutes commuting one-way to work (35.1% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (37.7%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (18.3%) and 5.6% of residents also carpool with coworkers, friends, or neighbors 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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