Royal Oak Southeast median real estate price is $397,161, which is more expensive than 76.4% of the neighborhoods in Michigan and 53.0% of the neighborhoods in the U.S.
The average rental price in Royal Oak Southeast is currently $3,289, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 97.4% of the neighborhoods in Michigan.
Royal Oak Southeast is an urban neighborhood (based on population density) located in Royal Oak, Michigan.
Royal Oak Southeast real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 Royal Oak Southeast neighborhood are newer, built in 2000 or more recently. A number of residences were also built before 1940.
Real estate vacancies in Royal Oak Southeast are 3.0%, which is lower than one will find in 78.9% of American neighborhoods. Demand for real estate in Royal Oak Southeast 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.
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 Royal Oak Southeast neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Of note is NeighborhoodScout's research finding that the Royal Oak Southeast neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Royal Oak Southeast community truly stands out from the rest in this regard.
In addition, the types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. NeighborhoodScout's exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 55.8%. This is a higher percent living alone than we found in 97.8% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse.
Also, the rate of college educated adults in the Royal Oak Southeast neighborhood is a unique characteristic of the neighborhood. 73.0% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 35.0% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 95.0% of all U.S. neighborhoods.
Finally, the Royal Oak Southeast neighborhood stands out within Michigan for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 5.6% of college-friendly places to live in MI. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for urban sophisticates.
The Royal Oak Southeast neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 96.3% of the neighborhoods in America. In fact, 72.5% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.
Did you know that the Royal Oak Southeast neighborhood has more Belgian and Lebanese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.6% of this neighborhood's residents have Belgian ancestry and 2.0% have Lebanese ancestry.
Royal Oak Southeast is also pretty special linguistically. Significantly, 1.7% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 95.2% of the neighborhoods in America.
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 Royal Oak Southeast neighborhood in Royal Oak are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 71.0% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America'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 Royal Oak Southeast neighborhood, 72.5% 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 17.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (5.0%), and 4.8% in manufacturing and laborer occupations.
The most common language spoken in the Royal Oak Southeast neighborhood is English, spoken by 92.4% of households.
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 Royal Oak Southeast neighborhood in Royal Oak, MI, residents most commonly identify their ethnicity or ancestry as Irish (20.4%). There are also a number of people of German ancestry (19.1%), and residents who report English roots (13.8%), and some of the residents are also of Polish ancestry (13.1%), along with some Italian ancestry residents (10.5%), among others.
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 Royal Oak Southeast neighborhood spend between 15 and 30 minutes commuting one-way to work (53.7% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (68.9%) 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.