Bannockburn / Fairway Hills median real estate price is $1,567,024, which is more expensive than 99.1% of the neighborhoods in Maryland and 97.6% of the neighborhoods in the U.S.
The average rental price in Bannockburn / Fairway Hills is currently $4,610, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 98.4% of the neighborhoods in Maryland.
Bannockburn / Fairway Hills is a suburban neighborhood (based on population density) located in Bethesda, Maryland.
Bannockburn / Fairway Hills real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Bannockburn / Fairway Hills 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 Bannockburn / Fairway Hills are 3.9%, which is lower than one will find in 74.2% of American neighborhoods. Demand for real estate in Bannockburn / Fairway Hills 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.
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 Bethesda, the Bannockburn / Fairway Hills neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Occupations
Executives, managers and professionals make up 84.5% of the workforce in the Bannockburn / Fairway Hills neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 99.7% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
People
Some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 54.4% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 99.5% of U.S. neighborhoods, where the average American neighborhood has 13.4% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.
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 0.5% of America's neighborhoods are wealthier than the Bannockburn / Fairway Hills 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.
Also, if you're a regular supporter of the arts and enjoy outings to the theatre, weekend boutique-ing, or even a finely aged wine with dinner, than you're in good company with the people of the Bannockburn / Fairway Hills neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 98.2% of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, than you'll certainly feel right at home in the Bannockburn / Fairway Hills neighborhood. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for highly educated executives, families with school-aged children and college students.
Finally, priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Bannockburn / Fairway Hills neighborhood may actually hold the key. 70.1% of its residents are married, which is a higher percentage than is found in 96.4% of the neighborhoods in America.
Real Estate
One way that the Bannockburn / Fairway Hills neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.1% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
Modes of Transportation
In the Bannockburn / Fairway Hills neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 30.9% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 97.3% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
Diversity
Did you know that the Bannockburn / Fairway Hills neighborhood has more Eastern European and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.5% of this neighborhood's residents have Eastern European ancestry and 4.7% have Russian ancestry.
Bannockburn / Fairway Hills is also pretty special linguistically. Significantly, 6.3% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 99.8% of the neighborhoods in America.
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 Bannockburn / Fairway Hills neighborhood in Bethesda 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 99.5% of the neighborhoods in America. In addition, 1.2% 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 78.1% 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 Bannockburn / Fairway Hills neighborhood, 84.5% 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 10.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (8.0%), and 5.5% 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 Bannockburn / Fairway Hills neighborhood is English, spoken by 67.1% of households. Other important languages spoken here include Spanish, Japanese 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 Bannockburn / Fairway Hills neighborhood in Bethesda, MD, residents most commonly identify their ethnicity or ancestry as Asian (14.9%). There are also a number of people of English ancestry (13.4%), and residents who report German roots (11.6%), and some of the residents are also of Irish ancestry (9.7%), along with some Italian ancestry residents (5.4%), among others. In addition, 24.7% 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 Bannockburn / Fairway Hills neighborhood spend between 15 and 30 minutes commuting one-way to work (40.7% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (62.8%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
