Oak Ridge Village median real estate price is $316,442, which is more expensive than 30.4% of the neighborhoods in Florida and 39.7% of the neighborhoods in the U.S.
The average rental price in Oak Ridge Village is currently $1,884, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 76.6% of Florida neighborhoods.
Oak Ridge Village is an urban neighborhood (based on population density) located in Orlando, Florida.
Oak Ridge Village real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Oak Ridge Village neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Oak Ridge Village. The current real estate vacancy rate here is 20.2%. This is higher than the rate of vacancies in 88.6% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually 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 Orlando, the Oak Ridge Village neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
In the Oak Ridge Village neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 32.3% of commuters carpool here, which is more than in 99.1% of all U.S. neighborhoods.
It used to be that most Americans lived on the farm, or otherwise made their living from the land, the forests, or the sea. With global trade and an economy increasingly based on providing services to one another, fewer people farm, fish or harvest timber now than at any time in American history. But according to NeighborhoodScout's leading analysis, the Oak Ridge Village neighborhood stands apart from most American neighborhood due to the proportion of its residents still working in these fields. With 5.8% of the workforce so employed, this neighborhood has a greater concentration of such workers than 97.6% of U.S. neighborhoods.
Single parenting is hard. But you don't have to tell the Oak Ridge Village neighborhood about it; they already know. 18.6% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 96.2% 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.
Did you know that the Oak Ridge Village neighborhood has more Puerto Rican and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 31.4% of this neighborhood's residents have Puerto Rican ancestry and 9.5% have Dominican ancestry.
Oak Ridge Village is also pretty special linguistically. Significantly, 7.3% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 98.5% of the neighborhoods in America.
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 Oak Ridge Village neighborhood in Orlando are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 84.2% of U.S. neighborhoods. With 52.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 95.0% 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 Oak Ridge Village neighborhood, 39.2% of the working population is employed in manufacturing and laborer 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 32.3% of the residents employed. Other residents here are employed in executive, management, and professional occupations (12.0%), and 10.8% 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 Oak Ridge Village neighborhood is Spanish, spoken by 67.6% of households. Other important languages spoken here include English and French.
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Oak Ridge Village neighborhood in Orlando, FL, residents most commonly identify their ethnicity or ancestry as Puerto Rican (31.4%). There are also a number of people of Mexican ancestry (18.7%), and residents who report Dominican roots (9.5%), and some of the residents are also of Italian ancestry (6.6%), along with some South American ancestry residents (5.3%), among others. In addition, 36.7% 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 Oak Ridge Village neighborhood spend between 15 and 30 minutes commuting one-way to work (45.2% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (57.4%) 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 (32.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.