Prescott median real estate price is $1,064,882, which is more expensive than 65.2% of the neighborhoods in California and 91.8% of the neighborhoods in the U.S.
The average rental price in Prescott is currently $2,541, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 75.3% of California neighborhoods.
Prescott is a densely urban neighborhood (based on population density) located in Oakland, California.
Prescott real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Prescott neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.
Prescott has a 13.8% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 77.1% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Oakland, the Prescott neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Our research revealed that more commuters here take the bus to work (25.1% ride the bus) than 99.5% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.
Also, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 11.3% of the Prescott neighborhood's commuters ride the train to and from work each day, which is more than we found in 96.1% of America's neighborhoods.
Corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the Prescott neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 45.8% of the real estate here is made up of such dwellings, which is higher than 98.0% of all U.S. neighborhoods.
In addition, being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Prescott neighborhood is one of the most walkable neighborhoods in America.
Furthermore, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 60.9% of the residential real estate in the Prescott neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 96.9% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
American households most often have a car, and regularly they have two or three. But households in the Prescott neighborhood buck this trend. 24.9% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.3% of U.S. neighborhoods.
Did you know that the Prescott neighborhood has more British and Croatian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.7% of this neighborhood's residents have British ancestry and 1.3% have Croatian 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 Prescott neighborhood in Oakland are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 61.6% of U.S. neighborhoods. With 18.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 66.9% of U.S. neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Prescott neighborhood, 51.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 23.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.6%), and 3.4% in government jobs, whether they are in local, state, or federal positions.
The most common language spoken in the Prescott neighborhood is English, spoken by 68.5% of households. Some people also speak Spanish (25.2%).
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 Prescott neighborhood in Oakland, CA, residents most commonly identify their ethnicity or ancestry as Mexican (19.2%). There are also a number of people of German ancestry (5.5%), and residents who report Asian roots (4.4%), and some of the residents are also of South American ancestry (4.2%), along with some Italian ancestry residents (4.1%), among others. In addition, 11.6% of the residents of this neighborhood were born in another country.
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 Prescott neighborhood spend between 15 and 30 minutes commuting one-way to work (35.7% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (37.5%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (25.1%) and 11.3% 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.