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Real Estate Prices & Overview

Musk Ox / University of Alaska Fairbanks median real estate price is $396,410, which is more expensive than 56.4% of the neighborhoods in Alaska and 55.9% of the neighborhoods in the U.S.

The average rental price in Musk Ox / University of Alaska Fairbanks is currently $1,751, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 54.5% of Alaska neighborhoods.

Musk Ox / University of Alaska Fairbanks is a rural neighborhood (based on population density) located in Fairbanks, Alaska.

Musk Ox / University of Alaska Fairbanks real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Musk Ox / University of Alaska Fairbanks neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Musk Ox / University of Alaska Fairbanks has a 12.5% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 71.0% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

Of note is NeighborhoodScout's research finding that the Musk Ox / University of Alaska Fairbanks neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Musk Ox / University of Alaska Fairbanks community truly stands out from the rest in this regard.

In addition, an extraordinary 13.7% of the residents of the Musk Ox / University of Alaska Fairbanks neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.

Also, if you're nearing retirement age, or in retirement, the Musk Ox / University of Alaska Fairbanks is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 5.6% of retiree-friendly neighborhoods in Alaska, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in Alaska. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for college students and highly educated executives.

Occupations

With 4.4% of employed workers living in the Musk Ox / University of Alaska Fairbanks neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 98.5% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

Modes of Transportation

More people in Musk Ox / University of Alaska Fairbanks choose to walk to work each day (10.8%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Diversity

Did you know that the Musk Ox / University of Alaska Fairbanks neighborhood has more Scottish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.0% of this neighborhood's residents have Scottish ancestry.

Musk Ox / University of Alaska Fairbanks is also pretty special linguistically. Significantly, 2.0% of its residents five years old and above primarily speak Native American languages at home. While this may seem like a small percentage, it is higher than 99.0% of the neighborhoods in America.

The Neighbors

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 Musk Ox / University of Alaska Fairbanks neighborhood in Fairbanks are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 79.1% of the neighborhoods in America. In addition, 0.0% 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 100.0% 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 Musk Ox / University of Alaska Fairbanks neighborhood, 51.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 15.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.2%), and 14.5% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Musk Ox / University of Alaska Fairbanks neighborhood is English, spoken by 84.8% of households. Other important languages spoken here include Spanish, Chinese and Vietnamese.

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 Musk Ox / University of Alaska Fairbanks neighborhood in Fairbanks, AK, residents most commonly identify their ethnicity or ancestry as German (17.3%). There are also a number of people of Asian ancestry (11.5%), and residents who report Irish roots (9.7%), and some of the residents are also of English ancestry (9.4%), along with some Scottish ancestry residents (5.0%), among others. In addition, 11.3% of the residents of this neighborhood were born in another country.

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 Musk Ox / University of Alaska Fairbanks neighborhood spend between 15 and 30 minutes commuting one-way to work (55.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (65.7%) 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 (13.6%) and 10.8% of residents also hop out the door and walk to work for their daily commute. 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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