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Real Estate Prices & Overview

Oakwood / Oakland median real estate price is $132,567, which is less expensive than 87.6% of Pennsylvania neighborhoods and 90.6% of all U.S. neighborhoods.

The average rental price in Oakwood / Oakland is currently $1,537, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 61.3% of Pennsylvania neighborhoods.

Oakwood / Oakland is a suburban neighborhood (based on population density) located in New Castle, Pennsylvania.

Oakwood / Oakland real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Oakwood / Oakland neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Home and apartment vacancy rates are 7.8% in Oakwood / Oakland. NeighborhoodScout analysis shows that this rate is lower than 49.4% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

Astoundingly, the Oakwood / Oakland neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 95.5% of U.S. neighborhoods. This may be because people living here divorce more often than others, or that divorced people move here after they become divorced. If you are divorced, you will be in good company in this particular New Castle neighborhood.

Diversity

Did you know that the Oakwood / Oakland neighborhood has more Romanian and Lebanese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.6% of this neighborhood's residents have Romanian ancestry and 2.7% have Lebanese ancestry.

Oakwood / Oakland is also pretty special linguistically. Significantly, 11.1% of its residents five years old and above primarily speak Polish at home. While this may seem like a small percentage, it is higher than 98.5% of the neighborhoods in America.

The Neighbors

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 Oakwood / Oakland neighborhood in New Castle are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 74.9% of U.S. neighborhoods. With 19.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 67.3% 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 Oakwood / Oakland neighborhood, 30.6% 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 executive, management, and professional occupations, with 30.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (23.6%), and 15.2% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Oakwood / Oakland neighborhood is English, spoken by 98.4% of households. Some people also speak Polish (11.1%).

Ethnicity / Ancestry

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 Oakwood / Oakland neighborhood in New Castle, PA, residents most commonly identify their ethnicity or ancestry as German (27.6%). There are also a number of people of Irish ancestry (23.2%), and residents who report Italian roots (19.6%), and some of the residents are also of English ancestry (10.8%), along with some Polish ancestry residents (8.1%), among others.

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 Oakwood / Oakland neighborhood spend under 15 minutes commuting one-way to work (50.3% of working residents), one of the shortest commutes across America.

Here most residents (66.2%) 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 (15.1%) . 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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