Marks Village / Oak Ridge Park median real estate price is $87,975, which is more expensive than 35.4% of the neighborhoods in Alabama and 12.7% of the neighborhoods in the U.S.
The average rental price in Marks Village / Oak Ridge Park is currently $970, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 71.4% of the neighborhoods in Alabama.
Marks Village / Oak Ridge Park is a suburban neighborhood (based on population density) located in Birmingham, Alabama.
Marks Village / Oak Ridge Park real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Marks Village / Oak Ridge Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Marks Village / Oak Ridge Park. The current real estate vacancy rate here is 17.9%. This is higher than the rate of vacancies in 81.3% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.