United States Naval Academy / King George St.

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UNITED STATES NAVAL ACADEMY / KING GEORGE ST

Real estate, homes for sale, Annapolis

The neighborhood that feature King George Street and the United States Naval Academy is located in the city of Annapolis, in Anne Arundel County, Maryland. It is a unique urban coastal neighborhood that is heavily influenced by the presence of the naval academy. This means that at its heart it is a nautical/military neighborhood. It features a rich maritime history connected to the school and the sea, as well as waterfront amenities and charms. It is perfect for the students who attend the naval academy, but is also great for other singles, couples and families. However, around 70% of residents are students of the academy. The neighborhood has historic structures, is densely populated and highly walkable, not to mention being full of seaside charm. Real estate in the neighborhood is primarily apartments for rent, but it does feature some single-family homes and attached homes. The neighborhood is somewhat diverse in terms of race and ethnicity, partly due to the mix of students at the academy. However, common ancestries in the neighborhood include German, English, and Italian. English is the primary written and spoken language in the neighborhood, followed by Spanish and Korean.

The undeniable heart of the neighborhood is the U.S. Naval Academy, which was established in the fall of 1845. The campus is a coeducational federal service academy that spans 338 acres. The campus sits on the joining of the Severn River, Chesapeake Bay and the Atlantic Ocean. The academy is currently homes to a student body of approximately 4,576 midshipmen. Most residents of the neighborhood live and work in or nearby the neighborhood making the average commute time less than fifteen minutes. Therefore, the most popular option for the daily commute is walking and the second most popular is traveling in private vehicles.

It is a fairly wealthy neighborhood, where residents live comfortably with a stable and generous economy. In fact, the neighborhood is ranked in the top 15% of U. S. neighborhoods in regard to the income of residents. This is due in part to the fact that 80% of the local workforce is employed by the military/government. However, 40% of the workforce work from home via telecommuting, freelance work and home-based businesses. Housing in the neighborhood ranges from apartments, to townhomes, houses and more. Most residential structures were built before 1940, and the next largest age group of homes is 1940-1965. The neighborhood is primarily renter occupied and has a vacancy rate of over 14%, meaning potential residents have plenty of housing options to choose from. Houses in the neighborhood range in size from 2-7 bedrooms and feature 2-5 bathrooms. Apartments and townhomes also come in a variety of sizes and styles to suit the needs of potential renters/buyers. Houses range in price from around $550,000 to nearly $2,000,000. The approximate average rent in the neighborhood is $2,959 per month. Homes for sale and housing units for rent come in a variety of sizes and styles. So whether you need a studio apartment or a sprawling family home, this neighborhood is perfect for you. To begin your home search in beautiful Annapolis, Maryland and the neighborhood around the naval academy, call local real estate agent (insert name here) today at (insert number here).

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