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
$618, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 77.2%
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
The Oak Forest neighborhood stands out for having an
average per capita income lower than 96.2% of the neighborhoods
in the United States.
Also of note, 62.5% of the children in this area
live in poverty; an extraordinarily high percentage compared to other
neighborhoods in the nation. In a nation where approximately one in
four children grows up in poverty, this neighborhood stands out for
the depth of the problem manifested here.
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
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 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 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 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
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 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.