Oakwood West median real estate price is $581,977, which is more expensive than 95.4% of the neighborhoods in Ohio and 73.0% of the neighborhoods in the U.S.
The average rental price in Oakwood West is currently $1,858, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 80.6% of the neighborhoods in Ohio.
Oakwood West is a suburban neighborhood (based on population density) located in Dayton, Ohio.
Oakwood West real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Oakwood West 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 1940 and 1969.
In Oakwood West, the current vacancy rate is 0.6%, which is a lower rate of vacancies than 92.8% of all neighborhoods in the U.S. This means that the housing supply in Oakwood West is very tight compared to the demand for property here.
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.
A majority of the adults in the Oakwood West neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for Ohio by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 99.8% of the neighborhoods in Ohio. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for college students, urban sophisticates and families with school-aged children.
In addition, some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 45.6% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 98.5% of U.S. neighborhoods, where the average American neighborhood has 13.4% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.
Also, wealth makes most things in life easier, and a few things harder. If you are wealthy and enjoy keeping up with the Jones', this neighborhood will interest you. In fact, according to NeighborhoodScout's research, the Oakwood West neighborhood is wealthier than 97.4% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood.
Finally, astoundingly, NeighborhoodScout's research reveals that this single neighborhood has a higher concentration of married couples living here than 95.2% of all U.S. neighborhoods. Whether they have school-aged children or not, married couples are the rule in the Oakwood West neighborhood. If you are a married couple, you may find many people here with a similar lifestyle, and perhaps common interests. But if you are single, you might not find many other singles here.
If you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 57.0% of the residential real estate in the Oakwood West neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 95.7% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
Did you know that the Oakwood West neighborhood has more Armenian and English ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.9% of this neighborhood's residents have Armenian ancestry and 21.1% have English ancestry.
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 Oakwood West neighborhood in Dayton are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 97.4% of the neighborhoods in America. In addition, 4.8% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 65.5% of America'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 Oakwood West neighborhood, 64.9% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 18.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (12.0%), and 5.8% in government jobs, whether they are in local, state, or federal positions.
The most common language spoken in the Oakwood West neighborhood is English, spoken by 96.7% of households.
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 Oakwood West neighborhood in Dayton, OH, residents most commonly identify their ethnicity or ancestry as German (30.8%). There are also a number of people of English ancestry (21.1%), and residents who report Irish roots (15.1%), and some of the residents are also of Italian ancestry (6.2%), along with some Asian ancestry residents (4.9%), 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 Oakwood West neighborhood spend between 15 and 30 minutes commuting one-way to work (53.6% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (80.4%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.