It's also interesting to note that while Prince George's County is known as an "affluent African-American county," real estate prices are much lower in Prince George's than in other Washington DC areas where Whites are the majority.
To recap,
Prince George's County is to the east of Washington DC, and is majority
Black (65%), with Whites being 19%, Latinos 15%, and Asian-Americans 4%. The median household income is $81,908.
In comparison,
Fairfax County, Virginia, is to the west of Washington DC, and is majority
White (63%), with Asian-Americans comprising 18%, Latinos 16%, and Blacks 9%. The median household income is $92,146.
Yet, there is a HUGE difference in the real estate prices in both areas.
$500,000 will get you a new large house in Prince George's County. But it will only get you a new condo or a townhouse in Fairfax County (or a fixer upper).
As an example, I found a new home builder who is building essentially the same houses in both areas (PG and Fairfax) and I compared the selling price for a new home with the same floorplan & size. I kept the distances about the same from Washington DC.
NV Homes is building new homes in Prince Georges County (Upper Marlboro; 18 miles east of Washington DC), and in Fairfax County (Vienna; 17 miles west of Washington DC).
The "Wynterhall" floorplan is priced from
$520,000 at their Beechtree community in Upper Marlboro -- PG County.
http://www.nvhomes.com/community/beechtree
But the same "Wynterhall" floorplan is priced from
$1.03 million (twice the amount) at their Cedar Lane community in Vienna -- Fairfax County.
http://www.nvhomes.com/community/cedar-lane
I find it interesting (& maybe a little curious) that real estate in Fairfax County (a majority White county) is significantly more expensive than in Prince George's County (a majority Black county) when the median household income and distance from Washington DC is very similar.