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Real Estate Prices & Overview

Central Area / Willamette University median real estate price is $372,371, which is less expensive than 77.0% of Oregon neighborhoods and 46.4% of all U.S. neighborhoods.

The average rental price in Central Area / Willamette University is currently $1,495, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 76.6% of Oregon neighborhoods.

Central Area / Willamette University is a suburban neighborhood (based on population density) located in Salem, Oregon.

Central Area / Willamette University 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 Central Area / Willamette University 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 1970 and 1999.

Real estate vacancies in Central Area / Willamette University are 5.6%, which is lower than one will find in 62.5% of American neighborhoods. Demand for real estate in Central Area / Willamette University 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 Salem, the Central Area / Willamette University neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

In a nation where 1 out of every 4 children lives in poverty, the Central Area / Willamette University neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, an extraordinary 25.0% of the residents of the Central Area / Willamette University neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.

Also, with a nice mix of college students, safety from crime, and decent walkability, the Central Area / Willamette University 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 87.4% of the neighborhoods in OR. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for young, single professionals.

Modes of Transportation

In the Central Area / Willamette University neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 25.3% of residents here. This is a higher proportion of walking commuters than we found in 98.8% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 2.7% of residents in the Central Area / Willamette University neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 95.2% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Occupations

The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Central Area / Willamette University neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 15.7% of its workforce, this neighborhood has a greater concentration of government workers than 97.5% of U.S. neighborhoods.

Furthermore, the Central Area / Willamette University neighborhood stands out nationally for having a greater proportion of its residents active in the military than 95.1% of other U.S. neighborhoods. If you come here, you will notice military people active in their jobs, going to and from work, and in plain clothes out and about the neighborhood.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Central Area / Willamette University neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Central Area / Willamette University neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 61.8% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 96.7% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Real Estate

84.1% of the real estate in the Central Area / Willamette University neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood 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 Central Area / Willamette University neighborhood. In the Central Area / Willamette University neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.1% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

Diversity

Did you know that the Central Area / Willamette University neighborhood has more Scots-Irish and Brazilian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.8% of this neighborhood's residents have Scots-Irish ancestry and 1.0% have Brazilian ancestry.

Central Area / Willamette University is also pretty special linguistically. Significantly, 1.1% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 97.8% 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 Central Area / Willamette University neighborhood in Salem are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 77.8% of U.S. neighborhoods. 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.

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 Central Area / Willamette University neighborhood, 57.5% 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 25.7% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (15.7%), and 8.4% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Central Area / Willamette University neighborhood is English, spoken by 84.4% of households. Some people also speak Spanish (9.3%).

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 Central Area / Willamette University neighborhood in Salem, OR, residents most commonly identify their ethnicity or ancestry as German (23.7%). There are also a number of people of English ancestry (13.9%), and residents who report Irish roots (12.8%), and some of the residents are also of Mexican ancestry (12.0%), along with some Asian ancestry residents (4.9%), among others.

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 Central Area / Willamette University neighborhood spend under 15 minutes commuting one-way to work (61.8% of working residents), one of the shortest commutes across America.

Here most residents (56.9%) 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 (25.3%) . 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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