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Real Estate Prices & Overview

Oak Forest median real estate price is $632,510, which is more expensive than 76.4% of the neighborhoods in Maryland and 78.3% of the neighborhoods in the U.S.

The average rental price in Oak Forest is currently $2,485, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 47.6% of Maryland neighborhoods.

Oak Forest is a suburban neighborhood (based on population density) located in Catonsville, Maryland.

Oak Forest real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Oak Forest 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 Oak Forest are 3.4%, which is lower than one will find in 77.8% of American neighborhoods. Demand for real estate in Oak Forest 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.

People

In a nation where 1 out of every 4 children lives in poverty, the Oak Forest neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

Diversity

Did you know that the Oak Forest neighborhood has more Scottish and Lithuanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.3% of this neighborhood's residents have Scottish ancestry and 1.1% have Lithuanian ancestry.

Oak Forest is also pretty special linguistically. Significantly, 0.2% of its residents five years old and above primarily speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher than 96.3% 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 Oak Forest neighborhood in Catonsville 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 89.4% 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 Oak Forest neighborhood, 67.2% 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 17.2% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (7.9%), and 7.6% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Oak Forest neighborhood is English, spoken by 94.5% of households.

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 Catonsville, MD, residents most commonly identify their ethnicity or ancestry as German (29.3%). There are also a number of people of Irish ancestry (19.8%), and residents who report English roots (15.7%), and some of the residents are also of Polish ancestry (5.9%), along with some Italian ancestry residents (5.8%), 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 Oak Forest neighborhood spend between 15 and 30 minutes commuting one-way to work (40.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (79.7%) drive alone in a private automobile to get to work. 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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