Oak Crest’s median real estate price is $368,114, making it more costly than 86.4 percent of North Carolina neighborhoods and 69.0 percent of areas across the United States.
Oak Crest’s average rental price is presently $1,072, according to Zumper. Rents in this community are currently less expensive than rents in 64.1 percent of North Carolina neighborhoods.
Oak Crest is a suburban community in Winston-Salem, NC, that was established in the 1960s.
In Oak Crest, single-family homes range in size from tiny (studio to two bedrooms) to medium-sized (three or four bedrooms). Apartment complexes and high-rise flats also make up a significant portion of the real estate market. The vast majority of residential real estate is occupied by renters.
The majority of the homes in the Oak Crest neighborhood are older and well-established, having been constructed between 1940 and 1969. Between 1970 and 1999, a number of residential buildings were constructed as well.
Oak Crest has a vacancy rate of 15.9 percent, which is much higher than the national average when compared to other U.S. neighborhoods (higher than 77.0 percent of American neighborhoods). The majority of unoccupied houses in this area is vacant all year.
This could indicate that there is a lack of demand for real estate in the neighborhood, or that a big number of new housing has been constructed but has not yet been occupied, depending on your perspective. In either case, if you live in this area, you may notice that many of the homes and flats are vacant.
There are a variety of factors that influence a neighborhood, but the first thing that most people notice is the way a neighborhood seems and the distinctive character it possesses. For example, one would notice whether all of the buildings were constructed within a specific historical period or whether the store signs were written in several languages. This particular neighborhood in Winston-Salem, the Oak Crest neighborhood, has certain noteworthy characteristics in terms of both its appearance and its way of life that are deserving of special mention.
Despite living in a country where one out of every four children suffers from poverty, the Oak Crest neighborhood stands out as being among the neighborhoods with the lowest 0.0 percent of children afflicted by this worldwide crisis.
In addition, an astounding 72.5 percent of the residents of the Oak Crest area are now enrolled in college, which is the highest rate in the country. This is such a significant aspect of life in this neighborhood that the neighborhood changes dramatically with the change of semesters and is significantly calmer during the summer months when most students are away.