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Real Estate Prices & Overview

Median real estate price in the City Center of Oakwood is $331,208, which is more expensive than 50.4% of the neighborhoods in Georgia and 44.6% of the neighborhoods in the U.S.

The average rental price in Oakwood City Center is currently $2,133, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 51.6% of Georgia neighborhoods.

Oakwood City Center is a rural neighborhood (based on population density) located in Oakwood, Georgia.

Real estate in the City Center of Oakwood, GA is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the City Center 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.

Oakwood City Center has a 12.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 70.1% 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

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Modes of Transportation

Our research shows that more people carpool to work here in the Oakwood City Center (25.5%) than in 97.3% of the neighborhoods in America.

Diversity

Did you know that the Oakwood City Center neighborhood has more Ukrainian and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.5% of this neighborhood's residents have Ukrainian ancestry and 5.5% have Cuban 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 City Center neighborhood in Oakwood are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 63.8% of U.S. neighborhoods. With 29.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 80.7% 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 City Center neighborhood, 38.8% 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 27.4% of the residents employed. Other residents here are employed in executive, management, and professional occupations (19.1%), and 14.7% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Oakwood City Center neighborhood is English, spoken by 55.7% of households. Some people also speak Spanish (43.1%).

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 – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – 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 City Center neighborhood in Oakwood, GA, residents most commonly identify their ethnicity or ancestry as Mexican (30.1%). There are also a number of people of Irish ancestry (10.1%), and residents who report South American roots (6.5%), and some of the residents are also of Cuban ancestry (5.5%), along with some English ancestry residents (5.1%), among others. In addition, 25.9% of the residents of this neighborhood were born in another country.

Getting to Work

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 Oakwood City Center neighborhood spend between 15 and 30 minutes commuting one-way to work (41.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (72.3%) 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 (25.5%) . 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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