Oldtown median real estate price is $193,117, which is less expensive than 93.1% of Maryland neighborhoods and 81.7% of all U.S. neighborhoods.
The average rental price in Oldtown is currently $1,441, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 95.2% of Maryland neighborhoods.
Oldtown is a densely urban neighborhood (based on population density) located in Baltimore, Maryland.
Oldtown real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) townhomes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Oldtown 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 Oldtown are 4.2%, which is lower than one will find in 70.6% of American neighborhoods. Demand for real estate in Oldtown 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.
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Oldtown neighborhood has a highly unusual pattern of car ownership. 84.4% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.9% of U.S. neighborhoods.
More people ride the bus in this neighborhood each day to get to work than 99.9% of U.S. neighborhoods.
Also, in the Oldtown neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 26.4% of commuters carpool here, which is more than in 97.6% of all U.S. neighborhoods.
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 Oldtown neighborhood could be your paradise. With 60.7% 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 0.7% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.
In addition, renter-occupied real estate is dominant in the Oldtown neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 93.6%, which is higher than 97.7% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Furthermore, if you like crowded places, then you will probably enjoy the the Oldtown neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.6% of neighborhoods in the U.S., with 23,078 people per square mile living here.
The Oldtown neighborhood stands out for having an average per capita income lower than 99.2% of the neighborhoods in the United States. Also of note, 58.3% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.
In addition, single parenting is hard. But you don't have to tell the Oldtown neighborhood about it; they already know. 25.7% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 99.0% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.
Also, neighborhoodScout's exclusive research revealed that 96.2% of the adult residents in the Oldtown neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 98.0% of the neighborhoods in America.
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Oldtown neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 13.2% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 98.0% of all neighborhoods in America.
Did you know that the Oldtown neighborhood has more Jamaican and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 22.9% of this neighborhood's residents have Jamaican ancestry and 19.7% have Sub-Saharan African ancestry.
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 Oldtown neighborhood in Baltimore are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.2% of U.S. neighborhoods. With 58.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 96.6% of U.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 Oldtown neighborhood, 28.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 27.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (22.6%), and 20.8% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
Languages
The most common language spoken in the Oldtown neighborhood is English, spoken by 98.2% of households.
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 Oldtown neighborhood in Baltimore, MD, residents most commonly identify their ethnicity or ancestry as Jamaican (22.9%). There are also a number of people of Sub-Saharan African ancestry (19.7%), and residents who report African roots (4.3%), and some of the residents are also of Irish ancestry (1.3%).
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 Oldtown neighborhood spend between 15 and 30 minutes commuting one-way to work (37.1% of working residents), which is shorter than the time spent commuting to work for most Americans. However, there is also a significant group of residents (13.2%) who commute over an hour in each direction.
Here most residents (38.1%) ride the bus to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (26.4%) and 20.6% of residents also drive alone in a private automobile for their daily commute. The bus provides a valuable service in the Oldtown neighborhood of Baltimore by getting a lot of residents to and from work daily, reducing the costs of commuting and reducing some congestion on the roads as well.
