Real Estate Prices and Overview
Forest Oaks median real estate prices are $177,904, which is more expensive than 73.8% of the neighborhoods
in North Carolina and 55.6% of the
neighborhoods in the U.S.
Average rental prices in Forest Oaks are currently
$954, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 90.5%
of the neighborhoods in North Carolina.
Forest Oaks is a suburban neighborhood (based on population
density) located in Greensboro, North Carolina.
Forest Oaks real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes.
Most of the residential real estate is owner occupied. Many of
the residences in the Forest Oaks neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Real estate vacancies in Forest Oaks are 7.0%,
which is lower than one will find in 63.6% of American
neighborhoods. Demand for real estate in Forest Oaks
is above average for the U.S., and may signal some demand for either
price increases or new construction of residential product for this neighborhood.
Notable & Unique Neighborhood Characteristics
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.
Notable & Unique: Diversity
Did you know that the Forest Oaks neighborhood has more
Scots-Irish and Austrian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 4.4% of
this neighborhood's residents have Scots-Irish ancestry and 1.2% have Austrian ancestry.
Notable & Unique: People
Astoundingly, NeighborhoodScout's research reveals that this single
neighborhood has a higher concentration of married couples living here
than 96.7% of all U.S. neighborhoods. Whether they have
school-aged children or not, married couples are the rule in the
Forest Oaks 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.
In addition, one of the really interesting characteristics about the
Forest Oaks 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 3.5% of college-friendly places to live in
the state of North Carolina.
In addition to being an excellent choice for college students, this
neighborhood is also a very good choice for families with school-aged children and active retirees.
Notable & Unique: Modes of Transportation
While most Americans do drive to work alone each day, the
Forest Oaks neighborhood stands out by having 93.8% of commuters
doing so, which is a higher proportion of people driving alone to work
than NeighborhoodScout found in 96.3% of all American
The Neighbors: Income
There are two complimentary 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 Forest Oaks neighborhood in Greensboro are upper-middle income, making it an above average income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 75.6% of the neighborhoods in America.
With 20.5% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 59.1%
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 Forest Oaks neighborhood, 43.3%
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 21.9% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(18.0%), and 16.9% in manufacturing and laborer 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 Forest Oaks neighborhood in Greensboro, NC, residents
most commonly identify their ethnicity or ancestry as English
(13.3%). There are also a number of people of German ancestry (8.5%) , and residents who report Irish roots (5.3%) , and some of the residents are also of Scots-Irish ancestry (4.4%) , along with some Italian ancestry residents (4.0%), among others.
The Neighbors: Languages
The most common language spoken in the Forest Oaks
neighborhood is English, spoken by 95.9% of households. Some people also speak Spanish (3.0%).
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 Forest Oaks neighborhood spend
between 15 and 30 minutes commuting one-way to work (50.3% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (93.8%) 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 (5.8%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.