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Real Estate Prices & Overview

Slippery Rock University median real estate price is $249,947, which is more expensive than 43.0% of the neighborhoods in Pennsylvania and 30.7% of the neighborhoods in the U.S.

The average rental price in Slippery Rock University is currently $1,502, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 63.6% of Pennsylvania neighborhoods.

Slippery Rock University is a suburban neighborhood (based on population density) located in Slippery Rock, Pennsylvania.

Slippery Rock University real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) mobile homes and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Slippery Rock University neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

In Slippery Rock University, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Slippery Rock University is very tight compared to the demand for property here.

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 Slippery Rock, the Slippery Rock University neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Renter-occupied real estate is dominant in the Slippery Rock University neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 100.0%, which is higher than 99.3% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so. This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Slippery Rock University neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.

In addition, the Slippery Rock University neighborhood stands out for having the majority of its residential real estate made up of mobile homes. In fact, 71.4% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 99.8% of the neighborhoods in the U.S. If you like mobile homes, this might be a great neighborhood in which to look for real estate.

Occupations

There are more people living in the Slippery Rock University neighborhood employed as sales and service workers (36.3%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

People

An extraordinary 97.5% of the residents of the Slippery Rock 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.

In addition, the Slippery Rock University neighborhood has a greater percentage of children living in poverty (100.0%) than found in 99.8% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.

Also, one of the really interesting characteristics about the Slippery Rock University neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 1.7% of college-friendly places to live in the state of Pennsylvania.

Modes of Transportation

In the Slippery Rock 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 39.5% of residents here. This is a higher proportion of walking commuters than we found in 99.6% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the Slippery Rock University neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.6% 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 Slippery Rock University neighborhood has more Welsh and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.6% of this neighborhood's residents have Welsh ancestry and 1.9% have Hungarian ancestry.

Slippery Rock University is also pretty special linguistically. Significantly, 19.1% of its residents five years old and above primarily speak Italian 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 Slippery Rock University neighborhood in Slippery Rock are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 100.0% of U.S. neighborhoods. With 100.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.8% 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 Slippery Rock University neighborhood, 63.7% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 15.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (12.5%), and 8.1% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Slippery Rock University neighborhood is English, spoken by 98.3% of households. Some people also speak Italian (19.1%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Slippery Rock University neighborhood in Slippery Rock, PA, residents most commonly identify their ethnicity or ancestry as German (22.6%). There are also a number of people of Italian ancestry (17.4%), and residents who report Irish roots (17.2%), and some of the residents are also of Polish ancestry (6.8%), along with some English ancestry residents (4.7%), among others.

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 Slippery Rock University neighborhood spend under 15 minutes commuting one-way to work (52.5% of working residents), one of the shortest commutes across America.

Here most residents (49.2%) 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 (39.5%) . 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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