University median real estate price is $640,076, which is more expensive than 92.7% of the neighborhoods in Mississippi and 58.8% of the neighborhoods in the U.S.
The average rental price in University is currently $1,939, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 86.2% of the neighborhoods in Mississippi.
University is a suburban neighborhood (based on population density) located in Oxford, Mississippi.
University real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 University neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in University. The current real estate vacancy rate here is 52.7%. This is higher than the rate of vacancies in 99.0% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (38.4%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.
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 Oxford, the University neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the University neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 73.5% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 99.0% of U.S. neighborhoods. Less time commuting means more time for other things in life.
NeighborhoodScout's analysis shows that the University neighborhood has a greater concentration of residents currently enrolled in college than 99.0% of the neighborhoods in the U.S. With 39.8% of the population here attending college, this is very much a college-focused neighborhood.
In addition, one of the most interesting things about the University neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 49.4% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 95.1% of the neighborhoods in America.
Also, with a nice mix of college students, safety from crime, and decent walkability, the University neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 89.3% of the neighborhoods in MS. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.
Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 52.7% of the residential real estate vacant, the University neighborhood claims the distinction of having a higher vacancy rate than 99.0% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.
If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 4.8% of residents in the University neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 98.1% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
American households most often have a car, and regularly they have two or three. But households in the University neighborhood buck this trend. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 37.5% of the households here have four, five, or more cars. That is more cars per household than in 97.3% of the neighborhoods in the nation.
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 University neighborhood in Oxford are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 82.2% of U.S. neighborhoods. With 11.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 54.5% 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 University neighborhood, 40.4% of the working population is employed in executive, management, and professional 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 32.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (26.7%).
The most common language spoken in the University neighborhood is English, spoken by 94.0% of households.
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 University neighborhood in Oxford, MS, residents most commonly identify their ethnicity or ancestry as English (9.9%). There are also a number of people of German ancestry (7.5%), and residents who report Irish roots (5.9%), and some of the residents are also of Scottish ancestry (4.3%), along with some Asian ancestry residents (3.2%), among others.
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 University neighborhood spend under 15 minutes commuting one-way to work (73.5% of working residents), one of the shortest commutes across America.
Here most residents (74.3%) 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 (6.5%) and 5.1% of residents also hop out the door and walk to work 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.