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Real Estate Prices & Overview

Vfw Park median real estate price is $381,859, which is more expensive than 81.4% of the neighborhoods in Michigan and 55.7% of the neighborhoods in the U.S.

The average rental price in Vfw Park is currently $1,486, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 53.9% of Michigan neighborhoods.

Vfw Park is an urban neighborhood (based on population density) located in Royal Oak, Michigan.

Vfw Park 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 Vfw Park neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Vfw Park are 5.6%, which is lower than one will find in 62.5% of American neighborhoods. Demand for real estate in Vfw 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

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 Royal Oak, the Vfw Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Diversity

Did you know that the Vfw Park neighborhood has more Belgian and Yugoslav ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.2% of this neighborhood's residents have Belgian ancestry and 0.8% have Yugoslav ancestry.

Vfw Park is also pretty special linguistically. Significantly, 10.2% of its residents five years old and above primarily speak Polish at home. While this may seem like a small percentage, it is higher than 98.2% 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 Vfw Park neighborhood in Royal Oak are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 58.3% of the neighborhoods in America. With 12.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 54.9% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Vfw Park neighborhood, 66.0% 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 16.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (9.9%), and 7.1% 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 Vfw Park neighborhood is English, spoken by 88.2% of households. Other important languages spoken here include Polish, Chinese and Arabic.

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 Vfw Park neighborhood in Royal Oak, MI, residents most commonly identify their ethnicity or ancestry as German (21.5%). There are also a number of people of Irish ancestry (18.4%), and residents who report English roots (11.7%), and some of the residents are also of Polish ancestry (7.6%), along with some Italian ancestry residents (7.5%), among others. In addition, 10.8% 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 Vfw Park neighborhood spend between 15 and 30 minutes commuting one-way to work (38.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (68.1%) 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 (5.4%) . 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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