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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

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.

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

American households most often have a car, and regularly they have two or three. But households in the State Hwy 9 / 12th Ave SE neighborhood buck this trend. 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

Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the State Hwy 9 / 12th Ave SE neighborhood. 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.

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 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

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 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

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 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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