Oakland University median real estate price is $505,948, which is more expensive than 90.4% of the neighborhoods in Michigan and 67.0% of the neighborhoods in the U.S.
Average rental prices in the Oakland University neighborhood are currently unreported, based on NeighborhoodScout's exclusive analysis.
Oakland University is a suburban neighborhood (based on population density) located in Rochester Hills, Michigan.
Oakland University real estate is primarily made up of . Most of the residential real estate is renter occupied. Many of the residences in the Oakland University 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.
In Oakland University, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Oakland University is very tight compared to the demand for property here.
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 Rochester Hills, the Oakland University neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
With a real estate vacancy rate of only 0.0%, the Oakland University neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
In a nation where 1 out of every 4 children lives in poverty, the Oakland University neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, neighborhoodScout's analysis shows that the Oakland University neighborhood has a greater concentration of residents currently enrolled in college than 99.9% of the neighborhoods in the U.S. With 95.4% of the population here attending college, this is very much a college-focused neighborhood.
Also, the Oakland University neighborhood stands out within Michigan for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 6.8% of college-friendly places to live in MI.
More people in Oakland University choose to walk to work each day (40.1%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Oakland University neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Oakland University neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 69.5% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 98.4% of U.S. neighborhoods. Less time commuting means more time for other things in life.
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Oakland University neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 97.0% of all American neighborhoods.
Did you know that the Oakland University neighborhood has more Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.0% of this neighborhood's residents have Canadian ancestry.
Oakland University is also pretty special linguistically. Significantly, 5.9% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 98.8% of the neighborhoods in America.
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the Oakland University neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.7% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Oakland University neighborhood in Rochester Hills are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 100.0% of U.S. neighborhoods. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America'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 Oakland University neighborhood, 43.1% of the working population is employed in clerical, assistant, and tech support 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 40.8% of the residents employed. Other residents here are employed in executive, management, and professional occupations (11.2%), and 4.9% in manufacturing and laborer 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 Oakland University neighborhood is English, spoken by 90.8% of households. Other important languages spoken here include Arabic and Spanish.
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 Oakland University neighborhood in Rochester Hills, MI, residents most commonly identify their ethnicity or ancestry as German (12.2%). There are also a number of people of Polish ancestry (9.3%), and residents who report Irish roots (8.7%), and some of the residents are also of Italian ancestry (5.7%), along with some English ancestry residents (5.3%), among others. In addition, 12.4% 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 Oakland University neighborhood spend under 15 minutes commuting one-way to work (69.5% of working residents), one of the shortest commutes across America.
Here most residents (52.7%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (40.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.