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Real Estate Prices & Overview

Fairknoll / Paint Branch Farms median real estate price is $729,519, which is more expensive than 83.3% of the neighborhoods in Maryland and 81.7% of the neighborhoods in the U.S.

The average rental price in Fairknoll / Paint Branch Farms is currently $2,009, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 78.1% of Maryland neighborhoods.

Fairknoll / Paint Branch Farms is a suburban neighborhood (based on population density) located in Silver Spring, Maryland.

Fairknoll / Paint Branch Farms 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 Fairknoll / Paint Branch Farms neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Fairknoll / Paint Branch Farms are 3.7%, which is lower than one will find in 75.4% of American neighborhoods. Demand for real estate in Fairknoll / Paint Branch Farms 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

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.

Real Estate

One way that the Fairknoll / Paint Branch Farms neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 98.4% 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.

Diversity

Did you know that the Fairknoll / Paint Branch Farms neighborhood has more Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.7% of this neighborhood's residents have Eastern European ancestry.

Fairknoll / Paint Branch Farms is also pretty special linguistically. Significantly, 5.8% 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 99.0% 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 Fairknoll / Paint Branch Farms neighborhood in Silver Spring are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 82.2% of the neighborhoods in America. In addition, 3.3% 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 70.5% 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 Fairknoll / Paint Branch Farms neighborhood, 47.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 28.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.5%), and 11.6% in government jobs, whether they are in local, state, or federal positions.

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 Fairknoll / Paint Branch Farms neighborhood is English, spoken by 53.1% of households. Other important languages spoken here include Spanish, French, African languages and Langs. of India.

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 Fairknoll / Paint Branch Farms neighborhood in Silver Spring, MD, residents most commonly identify their ethnicity or ancestry as Asian (11.6%). There are also a number of people of Sub-Saharan African ancestry (7.7%), and residents who report Irish roots (6.3%), and some of the residents are also of African ancestry (3.7%), along with some German ancestry residents (3.7%), among others. In addition, 33.5% 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 Fairknoll / Paint Branch Farms neighborhood spend between 15 and 30 minutes commuting one-way to work (36.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (55.0%) 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 (17.4%) . 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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