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 Lake Oswego,
the Fosberg Rd / Suncreek Dr neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Diversity
Did you know that the Fosberg Rd / Suncreek Dr neighborhood has more
Yugoslav and Iranian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 2.5% of
this neighborhood's residents have Yugoslav ancestry and 1.8% have Iranian ancestry.
Fosberg Rd / Suncreek Dr is also pretty special linguistically. Significantly, 1.8% of its residents five years old and above primarily
speak Persian at home. While this may seem like a small percentage, it is higher
than 98.2% of the neighborhoods in America.
Notable & Unique: People
A majority of the adults in the Fosberg Rd / Suncreek Dr 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 Oregon by NeighborhoodScout's analysis,
which rated it as better for executive lifestyles than 97.7%
of the neighborhoods in Oregon.
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, urban sophisticates and college students.
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 Fosberg Rd / Suncreek Dr neighborhood may actually hold
the key. 67.1% of its residents are married, which is a higher
percentage than is found in 96.6% of the neighborhoods
Also, the rate of college educated adults in the Fosberg Rd / Suncreek Dr neighborhood
is a unique characteristic of the neighborhood. 68.8% of
adults here have received at least a 4-year bachelor's degree, compared to
the average neighborhood in America, which has 22.6% of the adults with a
bachelor's degree. The rate here is higher than NeighborhoodScout found in
96.0% of all U.S. neighborhoods.
Notable & Unique: Real Estate
In addition, this neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.7% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Fosberg Rd / Suncreek Dr neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
Furthermore, most neighborhoods are composed of a mixture of ages of homes, but the Fosberg Rd / Suncreek Dr stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 84.6% of the residential real estate here was built in this one time period.