Wednesday, May 6, 2009

Oak Park: Centrally located, Established, Affordable Urban Community


Oak Park is Sacramento's first subdivision and is conveniently located within minutes of freeways traveling North/South and East/West or a short surface street drive into Downtown Sacramento. Oak Park is rich with 120 years of community history that has seen growth, then decline, and now in a revitalization period. (See in a separate post a time line of the history and the complete history of Oak Park.)

Oak Park is a densely populated area in Sacramento, California. The average household income here ($26,331) is significantly lower than the US average ($56,604). The population is racially diverse, and mostly single. The average house value here ($107,600) could be a great place to locate bargains.

Demographics

  • Total Population: 14,963
  • White Population: 6,645
  • Black Population: 3,540
  • Hispanic Population: 3,740
  • Asian Population: 1,369
  • Hawaiian Population: 72
  • Indian Population: 303
  • Male Population: 7,140
  • Female Population: 7,823
  • Median Age: 31.6
  • Median Age of Males: 30.2
  • Median Age of Females: 33.2





Geography

  • Region: West
  • Division: Pacific
  • State: California
  • CBSA Type: Metropolitan
  • CBSA Name: Sacramento CA
  • County: Sacramento
  • City: Sacramento
  • Longitude: -121.5
  • Latitude: 38.6
  • Elevation: 28 feet above sea level
  • Area code: 916
click on map to see larger area









VALUE of living in Oak Park is:
  • affordable housing
  • regional bus transportation
  • close to freeways
  • state government businesses nearby
  • major medical center
  • colleges and private learning institutions

Economics

  • Average House Value: $107,600
  • Average Annual Household Income: $38,210
  • Businesses: 152
  • Employees: 10,722
  • Annual Payroll: $407,647,000




Politics



SCHOOLS
Oak Park has a broad range of schools from pre-schools to Universities. The number of elementary schools has declined in the recent years due to fewer children and lack of enrollment. Families with fewer children is a national trend and Oak Park reflects this trend.

For the Sacramento City Unified School District website, click here. To find your child's school Academic Performance Index (API), click here. Today, Sacramento is one of the most ethnically diverse cities in the United States, and the schools reflect the community. To read more on "Sacramento City Unified School District - a part of California History", click here.


PRESCHOOL
ELEMENTARYHIGH SCHOOLSPECIAL EDUCATIONPRIVATE SCHOOLSCOLLEGESUNIVERSITYTRADE SCHOOLSCONTINUATION
LANGUAGE SCHOOL

Resident Surveyed Comments

The following are the comments from residents in South, Central, and North Oak Park when asked "What do you like the best and the least about living in Oak Park?":

"BEST LIKED"

SOUTH OAK PARK

1. Tauheedah, age 21, married, no kids, rents, income $1,600 per month

  • affordable rent
  • lots of friends
  • architecture of the homes (likes the Victorian and the Brick homes)

2. Joaquin M., age 29, married, 4 kids, rents, income $1,400 per month

  • affordable rent
  • close school proximity

3. Inido. age 56, separated, 7 kids, rents, income $400 per month

  • good people
  • close proximity of little stores
  • parks for the kids

4. Marcela, age 28, divorced, 4 kids, rents, $160 per month

  • housing costs

5. Alisa, age 16, single, no kids, lives with parents

  • diversity of people
  • knows alot of people
  • has alot of friends in the area
  • loves the parks
  • loves the Community Center

CENTRAL OAK PARK

6. Ms. Blackwell, age 71, married (56 years), 9 kids, owns her home, income $3,000 per month
  • familiar with the area
  • likes older homes because they are build better
  • centrally located to all areas of Sacramento County and easy freeway access
  • Community Center
  • good bus system

7. Adell, age 53, married, 4 kids, rents, income $2,000 per month
  • the people are helpful
  • family atmosphere
  • familiar with the area
  • knows alot of people and their extended family (grandkids)

NORTH OAK PARK (aka Med Center District)

8. Sam, age 21, single, no kids, lives with parents, income $2,900 per month
  • quiet
  • centrally located, everything is a short drive
  • pride in home ownership
  • most homes owner occupied
  • clean - no one litters
  • 3 minute drive to work

9. Jody, age 46, single, 1 kid, owns, income $3500 per month

  • diversity of people
  • established neighborhood
  • mature trees
  • close to public transportation
  • familiar with the neighbors and all their habits (the good, bad, and otherwise)


10. Alicia, age 27, married, no kids, rents, income $9,150 per month
  • close to the hospital (husband is a medical intern)
  • centrally located
  • lots of trees
  • quiet (most of the time)


"LEAST LIKED"

SOUTH OAK PARK

1. Tauheedah
  • drugs
  • people hanging out and drinking

2. Joaquin
  • "all's cool"

3. Inido
  • abandoned houses
  • vacant lots - fire hazards

4. Marcela
  • new and unfamiliar with the area


CENTRAL OAK PARK

5. Alisa
  • gangs
  • people throwing down trash
  • homeless people (feels bad about their situation)

6. Ms. Blackwell
  • drugs

7. Adell
  • small stores in the area are no longer owned by community people and they charge too much
  • not enough community stores - lots of people without cars and taxis are expensive

NORTH OAK PARK (aka Med Center District)

8. Sam
  • cars vandalism
  • lots of traffic after work hours for 1-2 hours

9. Jody
  • over priced homes
  • crime - lately robberies

10. Alicia
  • neighbor's barking dog

Housing Market...as of March 2009

How old is the average housing inventory? 71 days
Average price per square foot on current inventory? $33.42
Median household income? $26,331
How many homes on the market today? 220 SFH and MFH
What is the dominant architectural style? Too varied due to early area development and current revitalization.

Monday, April 20, 2009

Popular Local Searches for 95817 Oak Park

Apartments Car Flowers Mortgage Shoes Fitness
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Computer Hospital Real Estate Toys
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Books

Community Organizations

Churches
Chamber of Commerce (916) 452-4990

Recreation

Religious Organzations

Charities

Rotary

Competitive Matrix - Who's Who and Stats

Real estate sales in Oak Park is in a 'race' between those who want to be resident-occupied buyers and investors. Nothing new there, right? Wrong! Revitalization in Oak Park is alive and well! There are individuals that are involved with goals of improving the neighborhood and providing quality affordable homes to first time home buyers. One such person grew up in Oak Park as a local boxer turned real estate investor (click here for the story).

Of course it takes real estate agents to bridge the gap between a home and any type of end buyer. The top real estate agent for selling Oak Park single family homes is....(depends on period of time you look at and other factors). The following information and statistics are courtesy of Sandra Bane, Lyons Real Estate Trendgraphics.

Year to Date Sales Jan.-March 2009:
Sandra Deamicis, Lyons RE: 4 sales (0 listings/4 Buyers)
Tony Baccelli, Lyons RE: 4 sales (3 listings/1 Buyer)
Carlos Kozlowski, Caldwell Bankers: 3 sales (3 listings/0 Buyers)
* These 3 agents sold 11 of 150 properties sold in year to date using 208 agents. Most of the properties were REO's. In March REO's 16 were listed, 16 sold, and 27 pending sales with Average Days on Market 71.

Last 12 Months Sales 3/08-3/09:
Randle Hom, Diversified Properties: 12 sales (8 listings/4 Buyers)
Richard Cazneaux, Caldwell Banker: 10 sales (8 listings/2 Buyers)
Carlos Kozlowski, Caldwell Banker: 8 sales (8 listings/0 Buyers)
* These 3 agents sold 30 of 618 properties sold in the last 12 months using 415 agents.

Real Estate Statistics
Months of Inventory Based on Closed Sales
Average Price For Sale and Sold
Average CDOM and SP/Orig. LP %
Average Home Sold Price
Number of Homes Sale vs. Sold

Political Organization

Every neighborhood is unique and a great website to find information and a profile for Oak Park is the Neighborhood Link. It is a quick reference to demographics, schools, local clubs, discussion topics, business associations (local government/neighborhood information), sex offender information, and much more.