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Real Estate Prices & Overview

Oak Park median real estate price is $225,576, which is more expensive than 32.2% of the neighborhoods in North Carolina and 27.3% of the neighborhoods in the U.S.

The average rental price in Oak Park is currently $1,894, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 45.1% of North Carolina neighborhoods.

Oak Park is a suburban neighborhood (based on population density) located in Arden, North Carolina.

Oak Park 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 mobile homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Oak Park neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Vacant apartments or homes are a major fact of life in Oak Park. The current real estate vacancy rate here is 28.6%. This is higher than the rate of vacancies in 94.1% 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.

Notable & Unique Neighborhood Characteristics

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 Arden, the Oak Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Divorcees may find friendship and understanding in this neighborhood, as 20.3% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 95.9% of the neighborhoods in America.

Real Estate

The real estate in this neighborhood consists of more mobile homes than 95.9% of all neighborhoods in America, with 32.5% of the occupied housing here being classified as mobile homes. So if you are looking for a mobile home, or you like the look and feel of mobile home parks, this neighborhood might have the setting you desire.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Oak Park neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 95.6% of all American neighborhoods.

Diversity

Did you know that the Oak Park neighborhood has more English ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 21.9% of this neighborhood's residents have English ancestry.

The Neighbors

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 Park neighborhood in Arden are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 89.6% of U.S. neighborhoods. With 27.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 78.4% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Oak Park neighborhood, 38.7% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 29.1% of the residents employed. Other residents here are employed in executive, management, and professional occupations (19.1%), and 13.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Oak Park neighborhood is English, spoken by 69.7% of households. Some people also speak Spanish (28.6%).

Ethnicity / Ancestry

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 Oak Park neighborhood in Arden, NC, residents most commonly identify their ethnicity or ancestry as English (21.9%). There are also a number of people of Mexican ancestry (20.7%), and residents who report German roots (5.7%), and some of the residents are also of Irish ancestry (3.8%), along with some South American ancestry residents (3.7%), among others. In addition, 18.5% of the residents of this neighborhood were born in another country.

Getting to Work

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 Park neighborhood spend between 15 and 30 minutes commuting one-way to work (47.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (82.9%) 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 (10.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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