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Real Estate Prices & Overview

Downtown Savage / Annapolis Junction median real estate price is $644,351, which is more expensive than 71.6% of the neighborhoods in Maryland and 75.0% of the neighborhoods in the U.S.

The average rental price in Downtown Savage / Annapolis Junction is currently $3,699, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 88.5% of the neighborhoods in Maryland.

Downtown Savage / Annapolis Junction is a suburban neighborhood (based on population density) located in Savage, Maryland.

Downtown Savage / Annapolis Junction real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) townhomes 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 Downtown Savage / Annapolis Junction neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Real estate vacancies in Downtown Savage / Annapolis Junction are 5.2%, which is lower than one will find in 65.1% of American neighborhoods. Demand for real estate in Downtown Savage / Annapolis Junction 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.

Notable & Unique Neighborhood Characteristics

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.

Occupations

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 Downtown Savage / Annapolis Junction neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 19.9% of its workforce, this neighborhood has a greater concentration of government workers than 98.9% of U.S. neighborhoods.

Furthermore, the Downtown Savage / Annapolis Junction neighborhood stands out nationally for having a greater proportion of its residents active in the military than 98.5% of other U.S. neighborhoods. If you come here, you will notice military people active in their jobs, going to and from work, and in plain clothes out and about the neighborhood.

In addition, executives, managers and professionals make up 71.3% of the workforce in the Downtown Savage / Annapolis Junction neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 96.1% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Real Estate

If you love row houses and attached homes, you will probably really like the Downtown Savage / Annapolis Junction 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, 35.7% of the residential real estate here is classified as row houses and attached homes.

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 36.5% 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 95.7% 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.

Diversity

Did you know that the Downtown Savage / Annapolis Junction neighborhood has more Russian and Lebanese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.1% of this neighborhood's residents have Russian ancestry and 1.2% have Lebanese ancestry.

Downtown Savage / Annapolis Junction is also pretty special linguistically. Significantly, 3.3% 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 97.4% of the neighborhoods in America.

The Neighbors

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 Downtown Savage / Annapolis Junction neighborhood in Savage 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 86.5% of the neighborhoods in America. With 16.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 62.2% of U.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 Downtown Savage / Annapolis Junction neighborhood, 71.3% 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 19.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (10.7%), and 9.2% 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 Downtown Savage / Annapolis Junction neighborhood is English, spoken by 67.2% of households. Other important languages spoken here include Spanish, African languages, Langs. of India and Polish.

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 Downtown Savage / Annapolis Junction neighborhood in Savage, MD, residents most commonly identify their ethnicity or ancestry as German (15.8%). There are also a number of people of Irish ancestry (9.8%), and residents who report Sub-Saharan African roots (9.6%), and some of the residents are also of Asian ancestry (8.5%), along with some English ancestry residents (7.1%), among others. In addition, 21.7% of the residents of this neighborhood were born in another country.

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 Downtown Savage / Annapolis Junction neighborhood spend between 30 and 45 minutes commuting one-way to work (31.0% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (72.6%) 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.


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