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Real Estate Prices & Overview

Grand Ave / Crater Lake Ave median real estate price is $359,406, which is less expensive than 79.9% of Oregon neighborhoods and 47.7% of all U.S. neighborhoods.

The average rental price in Grand Ave / Crater Lake Ave is currently $1,629, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 67.9% of Oregon neighborhoods.

Grand Ave / Crater Lake Ave is an urban neighborhood (based on population density) located in Medford, Oregon.

Grand Ave / Crater Lake Ave real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Grand Ave / Crater Lake Ave neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

In Grand Ave / Crater Lake Ave, the current vacancy rate is 1.6%, which is a lower rate of vacancies than 88.8% of all neighborhoods in the U.S. This means that the housing supply in Grand Ave / Crater Lake Ave is very tight compared to the demand for property here.

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 Medford, the Grand Ave / Crater Lake Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Grand Ave / Crater Lake Ave neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Grand Ave / Crater Lake Ave neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 62.4% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 96.9% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Diversity

Did you know that the Grand Ave / Crater Lake Ave neighborhood has more Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.6% of this neighborhood's residents have Armenian 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 Grand Ave / Crater Lake Ave neighborhood in Medford are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 67.3% of U.S. neighborhoods. With 17.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 64.4% of U.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 Grand Ave / Crater Lake Ave neighborhood, 32.7% 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 27.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (22.8%), and 17.0% in manufacturing and laborer occupations.

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 Grand Ave / Crater Lake Ave neighborhood is English, spoken by 92.1% of households. Other important languages spoken here include Spanish 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 Grand Ave / Crater Lake Ave neighborhood in Medford, OR, residents most commonly identify their ethnicity or ancestry as Mexican (17.2%). There are also a number of people of English ancestry (13.2%), and residents who report German roots (12.9%), and some of the residents are also of Irish ancestry (11.3%), along with some Scottish ancestry residents (2.5%), among others.

Getting to Work

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 Grand Ave / Crater Lake Ave neighborhood spend under 15 minutes commuting one-way to work (62.4% of working residents), one of the shortest commutes across America.

Here most residents (67.0%) 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 (21.0%) . 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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