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Real Estate Prices & Overview

Lakeridge Run / Lake Ridge median real estate price is $390,069, which is more expensive than 89.0% of the neighborhoods in Oklahoma and 53.6% of the neighborhoods in the U.S.

The average rental price in Lakeridge Run / Lake Ridge is currently $1,697, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 80.0% of the neighborhoods in Oklahoma.

Lakeridge Run / Lake Ridge is a suburban neighborhood (based on population density) located in Oklahoma City, Oklahoma.

Lakeridge Run / Lake Ridge real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more 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 Lakeridge Run / Lake Ridge neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

In Lakeridge Run / Lake Ridge, the current vacancy rate is 2.2%, which is a lower rate of vacancies than 85.0% of all neighborhoods in the U.S. This means that the housing supply in Lakeridge Run / Lake Ridge is very tight compared to the demand for property here.

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.

People

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

In addition, the Lakeridge Run / Lake Ridge neighborhood is considered a solid choice for executive lifestyles. NeighborhoodScout's analysis ranks it as better than 92.8% of Oklahoma neighborhoods for executive living, based on the wealthy, educated professionals, executives, and managers who choose to reside here, the spacious homes that are prominent features of the real estate in the neighborhood, and the high real estate appreciation rates found here relative to other neighborhoods in the state. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for families with school-aged children and active retirees.

Real Estate

Owner-occupied real estate dominates the Lakeridge Run / Lake Ridge neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 97.5% of neighborhoods in America.

Occupations

The Lakeridge Run / Lake Ridge neighborhood has a greater proportion of government workers living in it than 96.0% of the neighborhoods in America, according to NeighborhoodScout's exclusive analysis. This is a unique feature of this neighborhood, and one that shapes its character.

Diversity

Did you know that the Lakeridge Run / Lake Ridge neighborhood has more Czechoslovakian and English ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.9% of this neighborhood's residents have Czechoslovakian ancestry and 24.1% have English ancestry.

Lakeridge Run / Lake Ridge is also pretty special linguistically. Significantly, 12.4% of its residents five years old and above primarily speak Vietnamese at home. While this may seem like a small percentage, it is higher than 99.6% of the neighborhoods in America.

The Neighbors

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 Lakeridge Run / Lake Ridge neighborhood in Oklahoma City are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 71.9% 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.

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 Lakeridge Run / Lake Ridge neighborhood, 55.6% 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 manufacturing and laborer occupations (15.9%), and 13.6% in government jobs, whether they are in local, state, or federal positions.

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 Lakeridge Run / Lake Ridge neighborhood is English, spoken by 81.9% of households. Other important languages spoken here include Vietnamese and Spanish.

Ethnicity / Ancestry

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 Lakeridge Run / Lake Ridge neighborhood in Oklahoma City, OK, residents most commonly identify their ethnicity or ancestry as English (24.1%). There are also a number of people of Asian ancestry (16.8%), and residents who report German roots (12.2%), and some of the residents are also of Irish ancestry (6.9%), along with some Mexican ancestry residents (4.9%), among others. In addition, 13.0% 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 Lakeridge Run / Lake Ridge neighborhood spend between 15 and 30 minutes commuting one-way to work (50.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (66.1%) 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 (8.5%) . 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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Economics & Demographics include:
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Race & Ethnic Diversity
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Crime includes:
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Schools include:
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