Oaks Park median real estate price is $134,370, which is less expensive than 85.0% of Illinois neighborhoods and 90.4% of all U.S. neighborhoods.
The average rental price in Oaks Park is currently $1,579, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 65.8% of Illinois neighborhoods.
Oaks Park is a suburban neighborhood (based on population density) located in Rockford, Illinois.
Oaks Park 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Oaks Park neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Oaks Park has a 11.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 66.3% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
One of the unique characteristics of the Oaks Park neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 95.6% of the neighborhoods in America.
Did you know that the Oaks Park neighborhood has more Swedish and Belgian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 10.0% of this neighborhood's residents have Swedish ancestry and 0.6% have Belgian ancestry.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Oaks Park neighborhood in Rockford are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 95.6% of U.S. neighborhoods. With 50.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 94.3% 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 Oaks Park neighborhood, 37.1% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 26.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (21.4%), and 15.0% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
The most common language spoken in the Oaks Park neighborhood is English, spoken by 85.2% of households. Some people also speak Spanish (4.4%).
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 Oaks Park neighborhood in Rockford, IL, residents most commonly identify their ethnicity or ancestry as German (15.5%). There are also a number of people of Swedish ancestry (10.0%), and residents who report English roots (9.5%), and some of the residents are also of Sub-Saharan African ancestry (8.2%), along with some Irish ancestry residents (6.4%), among others. In addition, 10.4% of the residents of this neighborhood were born in another country.
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 Oaks Park neighborhood spend between 15 and 30 minutes commuting one-way to work (58.2% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (74.0%) 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 (11.5%) and 7.4% of residents also hop out the door and walk to work 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.