Arcadia Lake median real estate price is $1,132,827, which is more expensive than 99.6% of the neighborhoods in Oklahoma and 93.8% of the neighborhoods in the U.S.
The average rental price in Arcadia Lake is currently $2,375, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 92.5% of the neighborhoods in Oklahoma.
Arcadia Lake is a rural neighborhood (based on population density) located in Edmond, Oklahoma.
Arcadia Lake real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Arcadia Lake neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
In Arcadia Lake, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Arcadia Lake is very tight compared to the demand for property here.
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.
Owner-occupied real estate dominates the Arcadia Lake neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 98.6% of neighborhoods in America. With a real estate vacancy rate of only 0.0%, the Arcadia Lake neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
In addition, one way that the Arcadia Lake neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 98.9% 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.
Furthermore, some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the Arcadia Lake neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 98.5% of all American neighborhoods.
A majority of the adults in the Arcadia Lake 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 99.4% 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 and urban sophisticates.
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 Arcadia Lake neighborhood may actually hold the key. 74.4% of its residents are married, which is a higher percentage than is found in 99.2% of the neighborhoods in America.
Also, if you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 2.4% of America's neighborhoods are wealthier than the Arcadia Lake neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe.
Finally, the rate of college educated adults in the Arcadia Lake neighborhood is a unique characteristic of the neighborhood. 73.5% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 33.7% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 95.7% of all U.S. neighborhoods.
Did you know that the Arcadia Lake neighborhood has more Scottish and Native American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 10.0% of this neighborhood's residents have Scottish ancestry and 2.9% have Native American ancestry.
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 Arcadia Lake 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 97.6% of the neighborhoods in America. With 19.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 66.4% of U.S. neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Arcadia Lake neighborhood, 55.6% 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 (15.9%), and 6.9% in manufacturing and laborer occupations.
The most common language spoken in the Arcadia Lake neighborhood is English, spoken by 88.9% of households. Some people also speak Polish (3.3%).
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Arcadia Lake neighborhood in Edmond, OK, residents most commonly identify their ethnicity or ancestry as German (26.3%). There are also a number of people of English ancestry (20.5%), and residents who report Scottish roots (10.0%), and some of the residents are also of Irish ancestry (7.5%), along with some Asian ancestry residents (4.8%), among others.
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 Arcadia Lake neighborhood spend between 15 and 30 minutes commuting one-way to work (45.4% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (80.9%) 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 (8.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.