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Real Estate Prices & Overview

Oconomowoc East median real estate price is $442,067, which is more expensive than 82.5% of the neighborhoods in Wisconsin and 62.0% of the neighborhoods in the U.S.

The average rental price in Oconomowoc East is currently $1,840, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 88.1% of the neighborhoods in Wisconsin.

Oconomowoc East is a suburban neighborhood (based on population density) located in Oconomowoc, Wisconsin.

Oconomowoc East 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 owner occupied. Many of the residences in the Oconomowoc East neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1940 and 1969.

In Oconomowoc East, the current vacancy rate is 1.8%, which is a lower rate of vacancies than 87.8% of all neighborhoods in the U.S. This means that the housing supply in Oconomowoc East 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 Oconomowoc, the Oconomowoc East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

If you are planning to retire in Wisconsin, this neighborhood should be on your must-see list. For many reasons, Oconomowoc East may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Wisconsin, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 96.9% of neighborhoods in WI. If a Wisconsin retirement is in your future, this neighborhood should be one of the places you visit. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for highly educated executives.

In addition, with more than 1.6% of residents living with a same sex partner, Oconomowoc East is truly a neighborhood that stands out from the rest in this regard. In fact, exclusive analysis by NeighborhoodScout reveals that this neighborhood has a greater concentration of same sex couples than 95.4% of U.S. neighborhoods.

Diversity

Did you know that the Oconomowoc East neighborhood has more German and Finnish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 50.4% of this neighborhood's residents have German ancestry and 1.8% have Finnish ancestry.

Oconomowoc East is also pretty special linguistically. Significantly, 4.1% of its residents five years old and above primarily speak German/Yiddish at home. While this may seem like a small percentage, it is higher than 98.8% 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 Oconomowoc East neighborhood in Oconomowoc are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 78.4% of the neighborhoods in America. In addition, 4.5% 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 66.4% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Oconomowoc East neighborhood, 49.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 23.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (15.1%), and 12.6% in clerical, assistant, and tech support 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 Oconomowoc East neighborhood is English, spoken by 94.5% of households. Other important languages spoken here include Polish and German/Yiddish.

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 Oconomowoc East neighborhood in Oconomowoc, WI, residents most commonly identify their ethnicity or ancestry as German (50.4%). There are also a number of people of Polish ancestry (9.7%), and residents who report Irish roots (9.4%), and some of the residents are also of Norwegian ancestry (7.5%), along with some Italian ancestry residents (4.2%), among others.

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 Oconomowoc East neighborhood spend under 15 minutes commuting one-way to work (29.2% of working residents), one of the shortest commutes across America.

Here most residents (83.0%) drive alone in a private automobile to get to work. 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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