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Real Estate Prices & Overview

Laurel Bowie Rd / Basswood Dr median real estate price is $530,326, which is more expensive than 65.6% of the neighborhoods in Maryland and 71.9% of the neighborhoods in the U.S.

The average rental price in Laurel Bowie Rd / Basswood Dr is currently $2,468, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 48.7% of Maryland neighborhoods.

Laurel Bowie Rd / Basswood Dr is a suburban neighborhood (based on population density) located in Laurel, Maryland.

Laurel Bowie Rd / Basswood Dr 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 Laurel Bowie Rd / Basswood Dr neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

In Laurel Bowie Rd / Basswood Dr, the current vacancy rate is 2.6%, which is a lower rate of vacancies than 82.6% of all neighborhoods in the U.S. This means that the housing supply in Laurel Bowie Rd / Basswood Dr 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.

People

With more than 1.7% of residents living with a same sex partner, Laurel Bowie Rd / Basswood Dr is truly a neighborhood that stands out from the rest in this regard. In fact, exclusive analysis by NeighborhoodScout reveals that this neighborhood has a greater concentration of same sex couples than 95.9% of U.S. neighborhoods.

In addition, for many reasons, Laurel Bowie Rd / Basswood Dr is rated by NeighborhoodScout as one of the top 4.9% 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.

Diversity

Did you know that the Laurel Bowie Rd / Basswood Dr neighborhood has more Haitian and African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.0% of this neighborhood's residents have Haitian ancestry and 11.6% have African ancestry.

Laurel Bowie Rd / Basswood Dr is also pretty special linguistically. Significantly, 8.1% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 99.5% of the neighborhoods in America.

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 Laurel Bowie Rd / Basswood Dr neighborhood in Laurel are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 71.3% of the neighborhoods in America. In addition, 8.5% 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 54.5% 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 Laurel Bowie Rd / Basswood Dr neighborhood, 44.0% 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 26.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (15.0%), and 14.9% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

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 Laurel Bowie Rd / Basswood Dr neighborhood is English, spoken by 83.4% of households. Other important languages spoken here include African languages, Spanish, French and Langs. of India.

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 Laurel Bowie Rd / Basswood Dr neighborhood in Laurel, MD, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (17.4%). There are also a number of people of African ancestry (11.6%), and residents who report Haitian roots (7.0%), and some of the residents are also of German ancestry (3.5%), along with some Asian ancestry residents (3.4%), among others. In addition, 29.9% 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 Laurel Bowie Rd / Basswood Dr neighborhood spend between 45 minutes and one hour commuting one-way to work (32.4% of working residents), longer and tougher than most commutes in America.

Here most residents (62.4%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (8.1%) and 8.0% 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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