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Real Estate Prices & Overview

Oakgrove median real estate price is $204,177, which is less expensive than 75.3% of North Carolina neighborhoods and 77.8% of all U.S. neighborhoods.

The average rental price in Oakgrove is currently $1,182, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 92.2% 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 14.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 75.7% 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.

People

Single parenting is hard. But you don't have to tell the Oakgrove neighborhood about it; they already know. 32.3% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 99.7% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

In addition, the Oakgrove neighborhood stands out for having an average per capita income lower than 97.1% of the neighborhoods in the United States. Also of note, 71.5% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

Also, neighborhoodScout's analysis shows that the Oakgrove neighborhood has a greater concentration of residents currently enrolled in college than 96.7% of the neighborhoods in the U.S. With 14.1% of the population here attending college, this is very much a college-focused neighborhood.

Finally, the Oakgrove neighborhood stands out within North Carolina 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 9.8% of college-friendly places to live in NC.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (15.5% ride the bus) than 97.5% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Diversity

Did you know that the Oakgrove neighborhood has more Jamaican and African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.4% of this neighborhood's residents have Jamaican ancestry and 8.0% have African 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 Oakgrove neighborhood in Greensboro are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 97.1% of U.S. neighborhoods. With 71.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 98.7% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Oakgrove neighborhood, 35.5% 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 34.8% of the residents employed. Other residents here are employed in executive, management, and professional occupations (15.2%), and 14.6% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Oakgrove neighborhood is English, spoken by 93.6% of households. Some people also speak Spanish (5.8%).

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 Oakgrove neighborhood in Greensboro, NC, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (8.0%). There are also a number of people of African ancestry (8.0%), and residents who report Jamaican roots (6.4%), and some of the residents are also of Mexican ancestry (4.3%).

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 Oakgrove neighborhood spend between 15 and 30 minutes commuting one-way to work (48.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (67.8%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (15.5%) and 11.2% 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.


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