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Real Estate Prices & Overview

Old Oakland median real estate price is $129,955, which is less expensive than 78.9% of Michigan neighborhoods and 88.3% of all U.S. neighborhoods.

The average rental price in Old Oakland is currently $1,802, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 62.0% of the neighborhoods in Michigan.

Old Oakland is an urban neighborhood (based on population density) located in Lansing, Michigan.

Old Oakland 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 owner occupied. Many of the residences in the Old Oakland neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Old Oakland has a 12.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 68.2% 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

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 Lansing, the Old Oakland neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

The Old Oakland neighborhood has a greater proportion of government workers living in it than 97.5% of the neighborhoods in America, according to NeighborhoodScout's exclusive analysis. This is a unique feature of this neighborhood, and one that shapes its character.

People

Divorcees may find friendship and understanding in this neighborhood, as 21.4% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 96.9% of the neighborhoods in America.

Diversity

Did you know that the Old Oakland neighborhood has more Finnish and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.5% of this neighborhood's residents have Finnish ancestry and 4.7% have Cuban ancestry.

Old Oakland is also pretty special linguistically. Significantly, 3.4% of its residents five years old and above primarily speak German/Yiddish at home. While this may seem like a small percentage, it is higher than 98.4% of the neighborhoods in America.

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 Old Oakland neighborhood in Lansing are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 40.1% of the neighborhoods in America. In addition, 5.3% 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 64.3% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Old Oakland neighborhood, 51.6% 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 21.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.3%), and 15.8% in government jobs, whether they are in local, state, or federal positions.

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 Old Oakland neighborhood is English, spoken by 87.0% of households. Other important languages spoken here include Spanish, German/Yiddish and Italian.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Old Oakland neighborhood in Lansing, MI, residents most commonly identify their ethnicity or ancestry as German (34.2%). There are also a number of people of Irish ancestry (11.7%), and residents who report English roots (8.8%), and some of the residents are also of Mexican ancestry (5.8%), along with some Polish ancestry residents (5.5%), 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 Old Oakland neighborhood spend under 15 minutes commuting one-way to work (48.0% of working residents), one of the shortest commutes across America.

Here most residents (68.0%) 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 (14.4%) and 5.2% of residents also ride the bus 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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