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Real Estate Prices & Overview

Oil City / Pleasant Valley median real estate price is $171,664, which is less expensive than 74.2% of Michigan neighborhoods and 84.2% of all U.S. neighborhoods.

The average rental price in Oil City / Pleasant Valley is currently $1,220, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 87.8% of Michigan neighborhoods.

Oil City / Pleasant Valley is a remote neighborhood (based on population density) located in Shepherd, Michigan.

Oil City / Pleasant Valley real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Oil City / Pleasant Valley 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.

Oil City / Pleasant Valley has a 12.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 69.9% of American neighborhoods). A relatively large percentage of housing here is seasonally occupied (8.6%), which can occur in some markets dominated by colleges or vacation homes. If you live here year round, you will find many of the homes or apartments are empty for all or a portion of the year.

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.

Real Estate

Unpopulated, and rural, the Oil City / Pleasant Valley neighborhood is one of the least crowded neighborhoods in all of America. If you like open space, no traffic, and lots of room, this neighborhood may be just what you are looking for. According to NeighborhoodScout's leading research, this neighborhood is less densely populated than 91.3% of the neighborhoods in America.

People

Oil City / Pleasant Valley is ranked among the top 9.8% of neighborhoods for first-time home buyers to consider in the state of Michigan according to NeighborhoodScout's exclusive analysis. Homes here are priced below median housing values in the state, yet maintain moderate appreciation rates compared to other communities. Buying into the Oil City / Pleasant Valley neighborhood is not only an accessible option but an investment opportunity for many first-time home buyers.

Diversity

Did you know that the Oil City / Pleasant Valley neighborhood has more Polish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 10.4% of this neighborhood's residents have Polish 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 Oil City / Pleasant Valley neighborhood in Shepherd are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 41.6% of the neighborhoods in America. With 15.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 61.8% 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 Oil City / Pleasant Valley neighborhood, 32.0% 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 30.0% of the residents employed. Other residents here are employed in executive, management, and professional occupations (25.6%), and 11.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Oil City / Pleasant Valley neighborhood is English, spoken by 97.9% of households. Some people also speak Polish (3.9%).

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 Oil City / Pleasant Valley neighborhood in Shepherd, MI, residents most commonly identify their ethnicity or ancestry as German (28.0%). There are also a number of people of Irish ancestry (14.1%), and residents who report English roots (10.7%), and some of the residents are also of Polish ancestry (10.4%), along with some French ancestry residents (3.2%), among others.

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 Oil City / Pleasant Valley neighborhood spend between 15 and 30 minutes commuting one-way to work (46.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (83.1%) 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 (8.8%) . 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:
Neighborhood Crime Index
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Schools include:
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