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Real Estate Prices & Overview

Historic Oakwood / Saint Augustines University median real estate price is $713,063, which is more expensive than 90.7% of the neighborhoods in North Carolina and 81.0% of the neighborhoods in the U.S.

The average rental price in Historic Oakwood / Saint Augustines University is currently $1,803, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 46.7% of North Carolina neighborhoods.

Historic Oakwood / Saint Augustines University is an urban neighborhood (based on population density) located in Raleigh, North Carolina.

Historic Oakwood / Saint Augustines University real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Historic Oakwood / Saint Augustines University neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 2000 and the present.

Vacant apartments or homes are a major fact of life in Historic Oakwood / Saint Augustines University. The current real estate vacancy rate here is 19.4%. This is higher than the rate of vacancies in 85.9% 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.

People

One of the really interesting characteristics about the Historic Oakwood / Saint Augustines University neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 1.7% of college-friendly places to live in the state of North Carolina.

In addition, an extraordinary 26.3% of the residents of the Historic Oakwood / Saint Augustines University neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.

Modes of Transportation

More people in Historic Oakwood / Saint Augustines University choose to walk to work each day (11.5%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Also, would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the Historic Oakwood / Saint Augustines University neighborhood is a fantastic option for bicycle commuters, as 2.6% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 95.0% of the neighborhoods in America.

Diversity

Did you know that the Historic Oakwood / Saint Augustines University neighborhood has more Slovak and Ukrainian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.7% of this neighborhood's residents have Slovak ancestry and 2.1% have Ukrainian 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 Historic Oakwood / Saint Augustines University neighborhood in Raleigh are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 62.3% of the neighborhoods in America. With 27.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 78.1% 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 Historic Oakwood / Saint Augustines University neighborhood, 42.9% 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 29.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (15.7%), and 12.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Historic Oakwood / Saint Augustines University neighborhood is English, spoken by 84.7% of households. Some people also speak Spanish (7.7%).

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 Historic Oakwood / Saint Augustines University neighborhood in Raleigh, NC, residents most commonly identify their ethnicity or ancestry as English (9.8%). There are also a number of people of Irish ancestry (6.3%), and residents who report Asian roots (5.7%), and some of the residents are also of Sub-Saharan African ancestry (5.3%), along with some African ancestry residents (5.3%), among others.

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 Historic Oakwood / Saint Augustines University neighborhood spend under 15 minutes commuting one-way to work (38.6% of working residents), one of the shortest commutes across America.

Here most residents (54.4%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (11.5%) . 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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