The Eugene Industrial Corridor is one of the city’s most accessible neighborhoods, benefiting from its location within Oregon’s second-largest city. Home to many railway systems, including the Burlington Northern Santa Fe Railway and Union Pacific Railroad (BNSF), this area offers exceptional real estate with easy access by train or car!
Population and Demographics
The population of the Industrial Corridor is 2,906 people. It covers 2.187 square miles and has a population density of 429 people per square mile. The median age is 42.5. Furthermore, 44% of the population comprises families with children under 18-year old.
Home Value and Real Estate Market
According to Zillow, as of February 28, 2021, the median home value of condos and single-family homes in the Industrial Corridor is $350,502. Moreover, house values in the Industrial Corridor have increased 13.% in the last past year.
The majority of the Industrial Corridor housing development occurred in the 1990s. The most prevalent housing type in this neighborhood is single detached homes. This accounts for most residences. The rest are primarily large apartment buildings. About 60% of the community units are owned by residents, while 40% are rented.
Cost of Living and Employment
Industrial Corridor has a cost of living index of 117. What does it imply? This indicates that 2% is less than the Eugene average, and 17% is higher than the national average. Transportation, goods and services, and housing have majority indexes of 126, 123, and 117, respectively. Moreover, lodging in the Industrial Corridor is 17% more expensive than the national average.
The Industrial Corridor’s median household income is $64,718, which entails 17% more than the national average. Moreover, the Industrial Corridor income per capita is $28,438, which is 5% lower than the national average. However, unemployment can be common in this area, with a rate of 5.6%, which is 21% higher than the national average.
Industrial Corridor Community Organization (ICCO)
The Industrial Corridor Community Organization, or ICCO for short (it sounds like an acronym), is a non-profit organization that serves as one of Eugene’s neighborhood associations. They promote the value and beauty of providing space to foster safe neighborhoods. It indicates that people can live in this community without fear due to criminal activity nearby. In addition, they have started on some sort of project with plans about creating “overlay” zones near schools. This will allow students to get more time away from transportation noise pollution while still enjoying all those benefits of living right next door!
The Industrial Corridor Community creates incentives for industrial development. This is a reflection of the community’s name, Industry.
The Industrial Corridor is a great place to live. The neighborhood’s residents and leaders work together to make it better every day with projects, such as ICCO’s (Industrial Community Coalition). Indeed, this is all for the best interest of their community!