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Real Estate Prices & Overview

Classen Blvd / 12th Ave SE median real estate price is $236,244, which is more expensive than 63.5% of the neighborhoods in Oklahoma and 30.3% of the neighborhoods in the U.S.

The average rental price in Classen Blvd / 12th Ave SE is currently $1,338, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 45.9% of Oklahoma neighborhoods.

Classen Blvd / 12th Ave SE is an urban neighborhood (based on population density) located in Norman, Oklahoma.

Classen Blvd / 12th Ave SE 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 small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Classen Blvd / 12th Ave SE 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.

Classen Blvd / 12th Ave SE has a 11.0% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 65.8% 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 Norman, the Classen Blvd / 12th Ave SE neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

NeighborhoodScout's analysis shows that the Classen Blvd / 12th Ave SE neighborhood has a greater concentration of residents currently enrolled in college than 98.5% of the neighborhoods in the U.S. With 29.4% of the population here attending college, this is very much a college-focused neighborhood.

In addition, the Classen Blvd / 12th Ave SE neighborhood stands out within Oklahoma for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 8.1% of college-friendly places to live in OK.

Real Estate

Renter-occupied real estate is dominant in the Classen Blvd / 12th Ave SE neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 92.3%, which is higher than 97.4% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

Migration / Stability

Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Classen Blvd / 12th Ave SE neighborhood. In the Classen Blvd / 12th Ave SE neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.6% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

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 Classen Blvd / 12th Ave SE neighborhood in Norman are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 86.5% of U.S. neighborhoods. With 33.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 84.1% 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 Classen Blvd / 12th Ave SE neighborhood, 39.6% 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 25.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (25.2%), and 9.5% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Classen Blvd / 12th Ave SE neighborhood is English, spoken by 81.2% of households. Some people also speak Spanish (7.0%).

Ethnicity / Ancestry

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 Classen Blvd / 12th Ave SE neighborhood in Norman, OK, residents most commonly identify their ethnicity or ancestry as German (10.3%). There are also a number of people of Irish ancestry (9.2%), and residents who report English roots (8.4%), and some of the residents are also of Asian ancestry (8.2%), along with some Sub-Saharan African ancestry residents (3.6%), among others. In addition, 12.4% of the residents of this neighborhood were born in another country.

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 Classen Blvd / 12th Ave SE neighborhood spend between 15 and 30 minutes commuting one-way to work (39.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (72.8%) 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 (9.3%) and 6.1% 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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