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Real Estate Prices & Overview

Oakridge Estates / Bear Bay Hills median real estate price is $153,160, which is less expensive than 93.5% of Florida neighborhoods and 87.1% of all U.S. neighborhoods.

The average rental price in Oakridge Estates / Bear Bay Hills is currently $1,309, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 97.0% of Florida neighborhoods.

Oakridge Estates / Bear Bay Hills is a remote neighborhood (based on population density) located in Frostproof, Florida.

Oakridge Estates / Bear Bay Hills real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) mobile homes and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Oakridge Estates / Bear Bay Hills 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 Oakridge Estates / Bear Bay Hills. The current real estate vacancy rate here is 25.8%. This is higher than the rate of vacancies in 92.4% 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

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.

Real Estate

The Oakridge Estates / Bear Bay Hills neighborhood stands out for having the majority of its residential real estate made up of mobile homes. In fact, 64.5% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 99.7% of the neighborhoods in the U.S. If you like mobile homes, this might be a great neighborhood in which to look for real estate.

People

An interesting characteristic about the Oakridge Estates / Bear Bay Hills neighborhood is that there are more incarcerated people living here than 99.6% of neighborhoods in the U.S. The United States has the highest rate of incarceration in the world, currently with 1 out of every 100 adults in the country are incarcerated as a punishment for crimes committed. The extremely high incarceration rate of this neighborhood could mean that a prison, juvenile detention facility or other correctional facility occupies a large proportion of the neighborhood, or contains a large portion of the neighborhood's population.

Occupations

Each year, fewer and fewer Americans make their living as farmers, foresters, or fishers. But the Oakridge Estates / Bear Bay Hills neighborhood truly stands out among U.S. neighborhoods. According to exclusive NeighborhoodScout analysis, this neighborhood has a greater proportion of farmers, foresters, or fishers than 98.2% of all American neighborhoods. This is truly a unique cultural characteristic of this neighborhood.

Diversity

Did you know that the Oakridge Estates / Bear Bay Hills neighborhood has more Cuban and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.1% of this neighborhood's residents have Cuban ancestry and 8.8% have Puerto Rican 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 Oakridge Estates / Bear Bay Hills neighborhood in Frostproof are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 76.7% of U.S. neighborhoods. With 31.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 82.8% 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 Oakridge Estates / Bear Bay Hills neighborhood, 39.3% 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 25.5% of the residents employed. Other residents here are employed in executive, management, and professional occupations (16.0%), and 12.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Oakridge Estates / Bear Bay Hills neighborhood is English, spoken by 64.1% of households. Some people also speak Spanish (34.6%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Oakridge Estates / Bear Bay Hills neighborhood in Frostproof, FL, residents most commonly identify their ethnicity or ancestry as Mexican (22.6%). There are also a number of people of English ancestry (10.2%), and residents who report Puerto Rican roots (8.8%), and some of the residents are also of German ancestry (4.9%), along with some Irish ancestry residents (4.5%), among others. In addition, 13.7% of the residents of this neighborhood were born in another country.

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 Oakridge Estates / Bear Bay Hills neighborhood spend between 15 and 30 minutes commuting one-way to work (31.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (85.6%) 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 (12.1%) . 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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Crime includes:
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