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Real Estate Prices & Overview

Fairfax Estates / Asheforde Oaks median real estate price is $607,396, which is more expensive than 97.5% of the neighborhoods in Oklahoma and 78.4% of the neighborhoods in the U.S.

The average rental price in Fairfax Estates / Asheforde Oaks is currently $1,287, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 68.6% of Oklahoma neighborhoods.

Fairfax Estates / Asheforde Oaks is a suburban neighborhood (based on population density) located in Edmond, Oklahoma.

Fairfax Estates / Asheforde 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 Fairfax Estates / Asheforde Oaks neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In Fairfax Estates / Asheforde Oaks, the current vacancy rate is 1.5%, which is a lower rate of vacancies than 90.1% of all neighborhoods in the U.S. This means that the housing supply in Fairfax Estates / Asheforde Oaks is very tight compared to the demand for property here.

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 Edmond, the Fairfax Estates / Asheforde Oaks neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

A majority of the adults in the Fairfax Estates / Asheforde Oaks 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 Oklahoma by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 99.6% of the neighborhoods in Oklahoma. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for families with school-aged children, urban sophisticates and active retirees.

In addition, priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Fairfax Estates / Asheforde Oaks neighborhood may actually hold the key. 73.9% of its residents are married, which is a higher percentage than is found in 99.1% of the neighborhoods in America.

Real Estate

One way that the Fairfax Estates / Asheforde Oaks neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 97.1% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.

In addition, the Fairfax Estates / Asheforde Oaks neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 97.9% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 95.9% of all neighborhoods in America.

Furthermore, real estate in the Fairfax Estates / Asheforde Oaks neighborhood is almost exclusively owner-occupied. NeighborhoodScout's analysis reveals that this neighborhood has a higher rate of owner-occupied housing than is found in 95.8% of U.S. neighborhoods. If you are seeking to rent, this neighborhood may not have many options, but high rates of ownership often indicate stability in a neighborhood.

Also of note, homes built from 2000 through today make up a higher proportion of the Fairfax Estates / Asheforde Oaks neighborhood's real estate landscape than 95.0% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 64.0% of the residential real estate here is classified as newer.

The Neighbors

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 Fairfax Estates / Asheforde Oaks neighborhood in Edmond 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 93.9% of the neighborhoods in America. In addition, 2.8% 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 72.6% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Fairfax Estates / Asheforde Oaks neighborhood, 60.4% 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 22.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.8%), and 9.1% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Fairfax Estates / Asheforde Oaks neighborhood is English, spoken by 94.7% of households. Some people also speak Spanish (2.6%).

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 Fairfax Estates / Asheforde Oaks neighborhood in Edmond, OK, residents most commonly identify their ethnicity or ancestry as English (18.5%). There are also a number of people of German ancestry (15.2%), and residents who report Irish roots (7.6%), and some of the residents are also of Italian ancestry (4.4%), along with some Mexican ancestry residents (3.5%), 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 Fairfax Estates / Asheforde Oaks neighborhood spend between 15 and 30 minutes commuting one-way to work (40.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (73.0%) 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 (13.4%) . 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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