Woodlake median real estate price is $443,527, which is more expensive than 46.7% of the neighborhoods in Maryland and 60.1% of the neighborhoods in the U.S.
The average rental price in Woodlake is currently $2,992, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 69.5% of the neighborhoods in Maryland.
Woodlake is an urban neighborhood (based on population density) located in Germantown, Maryland.
Woodlake 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 owner occupied. Many of the residences in the Woodlake 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 Woodlake are 3.6%, which is lower than one will find in 76.2% of American neighborhoods. Demand for real estate in Woodlake 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.
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.
In a nation where 1 out of every 4 children lives in poverty, the Woodlake neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
Most neighborhoods are composed of a mixture of ages of homes, but the Woodlake stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 93.9% of the residential real estate here was built in this one time period.
In addition, if you love row houses and attached homes, you will probably really like the Woodlake 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, 57.9% of the residential real estate here is classified as row houses and attached homes.
Did you know that the Woodlake neighborhood has more Lebanese and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.3% of this neighborhood's residents have Lebanese ancestry and 3.6% have Jamaican ancestry.
Woodlake is also pretty special linguistically. Significantly, 3.7% of its residents five years old and above primarily speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher than 96.8% 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 Woodlake neighborhood in Germantown are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 80.9% 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 Woodlake neighborhood, 44.1% 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 29.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.5%), and 12.0% in clerical, assistant, and tech support occupations.
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 Woodlake neighborhood is English, spoken by 47.5% of households. Other important languages spoken here include Spanish, Tagalog (the first language of the Philippine region), Arabic and Chinese.
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Woodlake neighborhood in Germantown, MD, residents most commonly identify their ethnicity or ancestry as Asian (25.0%). There are also a number of people of Irish ancestry (9.8%), and residents who report German roots (9.7%), and some of the residents are also of Italian ancestry (4.1%), along with some Sub-Saharan African ancestry residents (3.8%), among others. In addition, 38.7% 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 Woodlake neighborhood spend between 30 and 45 minutes commuting one-way to work (30.7% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (72.4%) 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 (12.3%) and 7.4% 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.