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Real Estate Prices & Overview

Penn Cove Park median real estate price is $625,501, which is more expensive than 57.5% of the neighborhoods in Washington and 78.3% of the neighborhoods in the U.S.

The average rental price in Penn Cove Park is currently $2,746, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 61.0% of the neighborhoods in Washington.

Penn Cove Park is a rural neighborhood (based on population density) located in Oak Harbor, Washington. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Penn Cove Park real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Penn Cove Park 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.

Real estate vacancies in Penn Cove Park are 3.3%, which is lower than one will find in 78.3% of American neighborhoods. Demand for real estate in Penn Cove Park is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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

Do you like a coastal setting? If so, this neighborhood may be to your liking. The Penn Cove Park neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, Penn Cove Park is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.

Occupations

With 1.8% of employed workers living in the Penn Cove Park neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 95.9% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

People

If you're looking for a great spot to raise a family, then look no further than the Penn Cove Park neighborhood. NeighborhoodScout's analysis found that the combination of good quality public schools, above-average safety from crime, and a high rate of home ownership in predominantly single-family homes, help make this neighborhood among the top 13.4% of family-friendly neighborhoods across the state of Washington. In addition, there are a high proportion of other families with school-aged children living here, making it easy for parents and their children to socialize and develop a sense of community support. In addition, families here highly value education, as is reflected by the strength of the local schools, in part due to the educational attainment of the parents here, who vote in support of the public schools.

Diversity

Did you know that the Penn Cove Park neighborhood has more Canadian and Greek ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.4% of this neighborhood's residents have Canadian ancestry and 2.2% have Greek ancestry.

Penn Cove Park is also pretty special linguistically. Significantly, 3.4% of its residents five years old and above primarily speak Vietnamese at home. While this may seem like a small percentage, it is higher than 97.0% of the neighborhoods in America.

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 Penn Cove Park neighborhood in Oak Harbor are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 60.9% of the neighborhoods in America. With 10.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 50.1% 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 Penn Cove Park neighborhood, 44.9% 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 21.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (16.4%), and 15.2% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

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 Penn Cove Park neighborhood is English, spoken by 86.7% of households. Other important languages spoken here include Spanish, Vietnamese and Polish.

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 Penn Cove Park neighborhood in Oak Harbor, WA, residents most commonly identify their ethnicity or ancestry as German (19.8%). There are also a number of people of Irish ancestry (11.2%), and residents who report Asian roots (9.4%), and some of the residents are also of English ancestry (7.9%), along with some French ancestry residents (7.2%), among others. In addition, 10.8% of the residents of this neighborhood were born in another country.

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 Penn Cove Park neighborhood spend under 15 minutes commuting one-way to work (42.7% of working residents), one of the shortest commutes across America.

Here most residents (78.3%) 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 (10.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


Real Estate includes:
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Economics & Demographics include:
Lifestyle & Special Character
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Commute To Work
Migration & Mobility
Race & Ethnic Diversity
Employment Industries & Occupations
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Higher Education Attainment
Crime includes:
Neighborhood Crime Index
Crimes Per Square Mile
Property Crime Comparison
Violent Crime Comparison
Schools include:
School Ratings
Schools In District
Public School Test Scores
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