Riderwood median real estate price is $670,163, which is more expensive than 72.3% of the neighborhoods in Maryland and 75.5% of the neighborhoods in the U.S.
The average rental price in Riderwood is currently $3,148, based on 蘑菇视频's exclusive analysis. The average rental cost in this neighborhood is higher than 70.8% of the neighborhoods in Maryland.
Riderwood is a suburban neighborhood (based on population density) located in Towson, Maryland.
Riderwood real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Riderwood 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 Riderwood are 4.1%, which is lower than one will find in 71.2% of American neighborhoods. Demand for real estate in Riderwood 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.
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 蘑菇视频's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
In a nation where 1 out of every 4 children lives in poverty, the Riderwood neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. 蘑菇视频's research revealed that a full 76.6% of the adults living in the Riderwood neighborhood have earned at least a bachelor's degree. This is a higher rate than 蘑菇视频 found in 96.6% of U.S. neighborhoods. In this way, this neighborhood truly stands out.
Executives, managers and professionals make up 77.4% of the workforce in the Riderwood neighborhood which, according to 蘑菇视频's exclusive analysis, is a higher proportion of such high-level people than is found in 98.3% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Did you know that the Riderwood neighborhood has more Irish and Swedish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 28.2% of this neighborhood's residents have Irish ancestry and 6.7% have Swedish ancestry.
Riderwood is also pretty special linguistically. Significantly, 3.3% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 99.7% of the neighborhoods in America.
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 Riderwood neighborhood in Towson are wealthy, making it among the 15% highest income neighborhoods in America. 蘑菇视频's exclusive analysis reveals that this neighborhood has a higher income than 93.2% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America's neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Riderwood neighborhood, 77.4% 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 13.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (5.4%), and 4.3% in government jobs, whether they are in local, state, or federal positions.
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 Riderwood neighborhood is English, spoken by 93.4% of households. Other important languages spoken here include Greek and French.
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture 鈥� our learned behavior 鈥� 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 Riderwood neighborhood in Towson, MD, residents most commonly identify their ethnicity or ancestry as Irish (28.2%). There are also a number of people of German ancestry (18.0%), and residents who report English roots (16.5%), and some of the residents are also of Italian ancestry (14.0%), along with some Swedish ancestry residents (6.7%), among others.
How you get to work 鈥� car, bus, train or other means 鈥� 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 Riderwood neighborhood spend under 15 minutes commuting one-way to work (46.0% of working residents), one of the shortest commutes across America.
Here most residents (66.0%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (5.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
SCOUT鈥檚 patented match algorithm identifies the most similar neighborhoods to a subject location, and quantifies the similarity to the subject location. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research.
The algorithm uses 273 neighborhood conditions, identifies the dominant dimensions underlying the conditions and calculates the similarity. This captures the true culture and character of locations, economic conditions, and trends.
The closer to 100% means the locations are nearly identical. 80% is a very good, but not excellent match, and so forth.