Shady Grove Development Park median real estate price is $745,559, which is more expensive than 82.2% of the neighborhoods in Maryland and 81.1% of the neighborhoods in the U.S.
The average rental price in Shady Grove Development Park is currently $3,622, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 84.0% of the neighborhoods in Maryland.
Shady Grove Development Park is an urban neighborhood (based on population density) located in Rockville, Maryland.
Shady Grove Development 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 townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Shady Grove Development Park neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
In Shady Grove Development Park, the current vacancy rate is 2.4%, which is a lower rate of vacancies than 83.4% of all neighborhoods in the U.S. This means that the housing supply in Shady Grove Development Park is very tight compared to the demand for property here.
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.
The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Shady Grove Development Park neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 20.3% of its workforce, this neighborhood has a greater concentration of government workers than 99.1% of U.S. neighborhoods.
Furthermore, the Shady Grove Development Park neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 96.3% of the neighborhoods in America. In fact, 72.4% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.
If knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Shady Grove Development Park neighborhood, where 46.3% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.7% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 98.6% of the neighborhoods in America.
In addition, if you are planning to retire in Maryland, this neighborhood should be on your must-see list. For many reasons, Shady Grove Development Park may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Maryland, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 96.6% of neighborhoods in MD. If a Maryland retirement is in your future, this neighborhood should be one of the places you visit.
In the Shady Grove Development Park neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 37.8% 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 98.5% 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.
If you like the look and ambience of new homes and newly built neighborhoods, you will love the Shady Grove Development Park neighborhood. A whopping 81.5% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 97.5% of the neighborhoods in the U.S. Everything here just feels new. In fact, the concentration of newer homes here is so great that they completely dominate the landscape. In most neighborhoods, there is a mixture of ages of residential real estate, but here it is almost completely built during one time frame: 2000 through today.
In addition, many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Shady Grove Development Park neighborhood could be your paradise. With 28.2% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 3.7% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.
Did you know that the Shady Grove Development Park neighborhood has more Russian and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.7% of this neighborhood's residents have Russian ancestry and 2.3% have Eastern European ancestry.
Shady Grove Development Park is also pretty special linguistically. Significantly, 5.7% 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 99.1% 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 Shady Grove Development Park neighborhood in Rockville are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 84.6% of the neighborhoods in America. With 21.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 71.3% 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 Shady Grove Development Park neighborhood, 72.4% 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 20.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (11.3%), and 10.8% 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 Shady Grove Development Park neighborhood is English, spoken by 68.6% of households. Other important languages spoken here include Chinese, Spanish, Korean and African languages.
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 Shady Grove Development Park neighborhood in Rockville, MD, residents most commonly identify their ethnicity or ancestry as Asian (21.7%). There are also a number of people of German ancestry (9.1%), and residents who report Irish roots (8.5%), and some of the residents are also of Polish ancestry (5.8%), along with some Russian ancestry residents (5.7%), among others. In addition, 31.7% of the residents of this neighborhood were born in another country.
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 Shady Grove Development Park neighborhood spend between 30 and 45 minutes commuting one-way to work (31.7% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (47.7%) 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 (6.9%) and 6.3% of residents also take the train 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.
