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Real Estate Prices & Overview

State Hwy 9 / 12th Ave SE median real estate price is $354,376, which is more expensive than 86.1% of the neighborhoods in Oklahoma and 48.8% of the neighborhoods in the U.S.

The average rental price in State Hwy 9 / 12th Ave SE is currently $1,142, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 80.8% of Oklahoma neighborhoods.

State Hwy 9 / 12th Ave SE is a suburban neighborhood (based on population density) located in Norman, Oklahoma.

State Hwy 9 / 12th Ave SE real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the State Hwy 9 / 12th Ave SE neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in State Hwy 9 / 12th Ave SE. The current real estate vacancy rate here is 31.8%. This is higher than the rate of vacancies in 95.4% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

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 Norman, the State Hwy 9 / 12th Ave SE neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

99.4% of the real estate in the State Hwy 9 / 12th Ave SE neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America. Despite all of the residential real estate here in the State Hwy 9 / 12th Ave SE neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 31.8%, which is higher than 95.4% of all U.S. neighborhoods.

In addition, the real estate in the State Hwy 9 / 12th Ave SE neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 75.1% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 95.9% of American neighborhoods.

People

NeighborhoodScout's analysis shows that the State Hwy 9 / 12th Ave SE neighborhood has a greater concentration of residents currently enrolled in college than 98.7% of the neighborhoods in the U.S. With 32.5% of the population here attending college, this is very much a college-focused neighborhood.

In addition, with a nice mix of college students, safety from crime, and decent walkability, the State Hwy 9 / 12th Ave SE neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 88.5% of the neighborhoods in OK. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

Modes of Transportation

If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.6% of residents in the State Hwy 9 / 12th Ave SE neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 96.8% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Also, more people in State Hwy 9 / 12th Ave SE choose to walk to work each day (13.0%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Finally, more people ride the bus in this neighborhood each day to get to work than 95.1% of U.S. neighborhoods.

Occupations

With 2.0% of employed workers living in the State Hwy 9 / 12th Ave SE neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 96.2% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the State Hwy 9 / 12th Ave SE neighborhood have a highly unusual car ownership. 21.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.5% of U.S. neighborhoods.

Diversity

Did you know that the State Hwy 9 / 12th Ave SE neighborhood has more British and Brazilian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.8% of this neighborhood's residents have British ancestry and 0.9% have Brazilian ancestry.

State Hwy 9 / 12th Ave SE is also pretty special linguistically. Significantly, 14.7% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 98.7% of the neighborhoods in America.

Migration / Stability

Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the State Hwy 9 / 12th Ave SE neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.4% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

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 State Hwy 9 / 12th Ave SE neighborhood in Norman are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 92.2% of U.S. neighborhoods. With 34.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 84.8% of U.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 State Hwy 9 / 12th Ave SE neighborhood, 50.8% 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 25.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (18.2%), and 5.4% 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 State Hwy 9 / 12th Ave SE neighborhood is English, spoken by 70.7% of households. Other important languages spoken here include Chinese and Spanish.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the State Hwy 9 / 12th Ave SE neighborhood in Norman, OK, residents most commonly identify their ethnicity or ancestry as German (25.0%). There are also a number of people of Irish ancestry (16.8%), and residents who report Asian roots (14.1%), and some of the residents are also of English ancestry (11.3%), along with some Mexican ancestry residents (5.1%), among others. In addition, 21.7% 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 State Hwy 9 / 12th Ave SE neighborhood spend under 15 minutes commuting one-way to work (45.3% of working residents), one of the shortest commutes across America.

Here most residents (59.9%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (13.0%) and 10.5% of residents also ride the bus for their daily commute. 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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