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Real Estate Prices & Overview

Knight Lake / Woodlake median real estate price is $226,338, which is more expensive than 56.6% of the neighborhoods in Oklahoma and 26.0% of the neighborhoods in the U.S.

The average rental price in Knight Lake / Woodlake is currently $1,236, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 66.6% of Oklahoma neighborhoods.

Knight Lake / Woodlake is an urban neighborhood (based on population density) located in Oklahoma City, Oklahoma.

Knight Lake / Woodlake 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Knight Lake / Woodlake 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 Knight Lake / Woodlake. The current real estate vacancy rate here is 22.2%. This is higher than the rate of vacancies in 89.3% 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 Oklahoma City, the Knight Lake / Woodlake neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Knight Lake / Woodlake neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 11.5% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 96.8% of all neighborhoods in America.

People

Divorcees may find friendship and understanding in this neighborhood, as 19.9% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 95.4% of the neighborhoods in America.

Diversity

Did you know that the Knight Lake / Woodlake neighborhood has more Scots-Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 8.1% of this neighborhood's residents have Scots-Irish 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. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Knight Lake / Woodlake neighborhood in Oklahoma City are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 80.0% of U.S. neighborhoods. With 47.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 92.9% 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 Knight Lake / Woodlake neighborhood, 39.3% of the working population is employed in clerical, assistant, and tech support occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 33.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (20.1%), and 7.5% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Knight Lake / Woodlake neighborhood is English, spoken by 74.4% of households. Some people also speak Spanish (19.0%).

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 Knight Lake / Woodlake neighborhood in Oklahoma City, OK, residents most commonly identify their ethnicity or ancestry as Mexican (20.3%). There are also a number of people of Scots-Irish ancestry (8.1%), and residents who report Sub-Saharan African roots (8.0%), and some of the residents are also of Irish ancestry (6.1%), along with some French ancestry residents (3.9%), among others. In addition, 12.0% 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 Knight Lake / Woodlake neighborhood spend under 15 minutes commuting one-way to work (33.9% of working residents), one of the shortest commutes across America. However, there is also a significant group of residents (11.5%) who commute over an hour in each direction.

Here most residents (83.0%) 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 (8.2%) . 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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