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Real Estate Prices & Overview

Musgrave-Pennington median real estate price is $141,395, which is less expensive than 71.8% of Oklahoma neighborhoods and 88.2% of all U.S. neighborhoods.

The average rental price in Musgrave-Pennington is currently $1,490, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 69.1% of the neighborhoods in Oklahoma.

Musgrave-Pennington is an urban neighborhood (based on population density) located in Oklahoma City, Oklahoma.

Musgrave-Pennington real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Musgrave-Pennington neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Musgrave-Pennington has a 10.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 62.0% 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

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.

Real Estate

Most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the 'Baby Boom' generation (1945 - 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the Musgrave-Pennington neighborhood, is that an incredible 90.4% of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.

Diversity

Did you know that the Musgrave-Pennington neighborhood has more Native American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.1% of this neighborhood's residents have Native American ancestry.

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 Musgrave-Pennington neighborhood in Oklahoma City are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 67.4% of U.S. neighborhoods. In addition, 3.1% 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 71.2% 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 Musgrave-Pennington neighborhood, 34.9% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 30.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (21.0%), and 13.9% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Musgrave-Pennington neighborhood is English, spoken by 64.4% of households. Some people also speak Spanish (34.9%).

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 Musgrave-Pennington neighborhood in Oklahoma City, OK, residents most commonly identify their ethnicity or ancestry as Mexican (20.8%). There are also a number of people of German ancestry (9.6%), and residents who report Irish roots (6.9%), and some of the residents are also of English ancestry (5.1%), along with some Native American ancestry residents (2.1%), among others. In addition, 11.9% 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 Musgrave-Pennington neighborhood spend between 15 and 30 minutes commuting one-way to work (53.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (81.9%) 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 (10.7%) . 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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