Real Estate Prices and Overview
Oak Forest median real estate prices are $66,468, which is less expensive than 76.0% of Arkansas neighborhoods
and 92.5% of all U.S. neighborhoods.
Average rental prices in Oak Forest are currently
$713, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 70.3%
of the neighborhoods in Arkansas.
Oak Forest is a suburban neighborhood (based on population
density) located in Little Rock, Arkansas.
Oak Forest 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 occupied by a mixture of owners and renters. Many of
the residences in the Oak Forest neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Oak Forest has a 15.6% vacancy rate, which is
well above average compared to other U.S. neighborhoods (higher than
75.4% of American neighborhoods). This could either
signal that there is weak demand for real estate in the neighborhood,
or that much of the housing stock is seasonally occupied,
which can occur in some markets dominated by colleges or vacation homes.
Either way, 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
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 Little Rock,
the Oak Forest neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: People
One of the unique characteristics of the Oak Forest
neighborhood revealed by analysis is that the per capita income of
residents here is lower than that found in 96.2% of the neighborhoods
The Oak Forest neighborhood also has a greater percentage
of children living in poverty (62.5%) than found in
96.1% of all U.S. neighborhoods. Children living in poverty
is one of the challenges facing America, and the world, and in this
neighborhood in particular, the problem can be considered acute.
In addition, with a nice mix of college students, safety from crime, and decent
walkability, the Oak Forest 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% of the neighborhoods in
AR. This often also means that the area has certain amenities
and services geared towards college students, from undergraduates to
In addition to being an excellent choice for college students, this
neighborhood is also a very good choice for first-time home buyers.
Notable & Unique: Occupations
The government often provides some of the more stable jobs in the economy.
From local, to state, to federal government workers, the government can
also be a major employer. What NeighborhoodScout's analysis revealed, is
that the Oak Forest neighborhood in particular stands out
when compared nationally for the proportion of its working residents who
are employed by the government. At 13.6% of its workforce, this
neighborhood has a greater concentration of government workers than
95.7% of U.S. neighborhoods.
The Neighbors: Income
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 Oak Forest neighborhood in Little Rock are low income, making it among the lowest income neighborhoods in America.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 96.2% of U.S. neighborhoods.
With 62.5% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 96.1%
of U.S. neighborhoods.
The Neighbors: Occupations
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 Oak Forest neighborhood, 30.2%
of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is
executive, management, and professional occupations, with 30.2% of the residents employed.
Other residents here are employed in manufacturing and laborer occupations
(23.9%), and 15.7% in clerical, assistant, and tech support occupations.
The Neighbors: 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 Oak Forest neighborhood in Little Rock, AR, residents
most commonly identify their ethnicity or ancestry as German
(4.5%). There are also a number of people of Irish ancestry (2.9%) .
The Neighbors: Languages
The most common language spoken in the Oak Forest
neighborhood is English, spoken by 95.9% of households. Some people also speak Spanish (3.8%).
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 Oak Forest neighborhood spend
between 15 and 30 minutes commuting one-way to work (46.3% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (83.8%) 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 (16.2%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.