Real Estate Prices & Overview
Oakgrove median real estate price is $228,550, which is less expensive than 71.4% of North Carolina neighborhoods and 74.8% of all U.S. neighborhoods.
The average rental price in Oakgrove is currently $1,145, based on 蘑菇视频's exclusive analysis. Rents here are currently lower in price than 91.0% of North Carolina neighborhoods.
Oakgrove is an urban neighborhood (based on population density) located in Greensboro, North Carolina.
Oakgrove real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Oakgrove neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Oakgrove has a 12.5% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 72.2% 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.
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 Greensboro, the Oakgrove neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Occupations
蘑菇视频's exclusive research identifies the Oakgrove neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 50.8% of its working residents employed in such fields, which is a higher proportion than 99.0% of American neighborhoods.
Modes of Transportation
More people ride the bus in this neighborhood each day to get to work than 98.3% of U.S. neighborhoods.
People
Whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. 蘑菇视频's exclusive analysis reveals that the Oakgrove neighborhood has more single mother households than 98.0% of the neighborhoods in the U.S. Often high concentrations of single mother homes can be a strong indicator of family and social issues such as poverty, high rates of school dropouts, crime, and other societal problems.
In addition, one of the unique characteristics of the Oakgrove neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 96.0% of the neighborhoods in America.
Diversity
Did you know that the Oakgrove neighborhood has more African and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 8.4% of this neighborhood's residents have African ancestry and 8.2% have Puerto Rican ancestry.
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. 蘑菇视频's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Oakgrove neighborhood in Greensboro are low income, making it among the lowest income neighborhoods in America. 蘑菇视频's research shows that this neighborhood has an income lower than 96.0% of U.S. neighborhoods. With 42.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 90.8% 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 Oakgrove neighborhood, 50.8% 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 34.3% of the residents employed. Other residents here are employed in executive, management, and professional occupations (7.7%), and 7.1% in clerical, assistant, and tech support occupations.
Languages
The most common language spoken in the Oakgrove neighborhood is English, spoken by 77.4% of households. Some people also speak Spanish (21.4%).
Ethnicity / Ancestry
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 鈥� some more unique than others 鈥� based on lifestyle, occupations, the types of households 鈥� and importantly 鈥� 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 Oakgrove neighborhood in Greensboro, NC, residents most commonly identify their ethnicity or ancestry as Mexican (11.4%). There are also a number of people of Sub-Saharan African ancestry (8.4%), and residents who report African roots (8.4%), and some of the residents are also of Puerto Rican ancestry (8.2%), along with some English ancestry residents (3.5%), among others.
Getting to Work
How you get to work 鈥� car, bus, train or other means 鈥� 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 Oakgrove neighborhood spend between 15 and 30 minutes commuting one-way to work (56.2% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (65.0%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (17.8%) and 13.0% of residents also carpool with coworkers, friends, or neighbors 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.
