Why Is South University community in Eugene, Oregon, an ideal place to raise a family?
South University community is an ideal place to live in Eugene, Oregon, based for the following reasons.
The South University neighborhood of Eugene is a desirable neighborhood adjacent to downtown Eugene, Lane Community College, and, as the name implies, the University of Oregon. This area is popular among college instructors, graduate students, and families.
East 18th Avenue to the north, Agate Street to the east, East 24th Street to the south, and Patterson Street to the west define this neighborhood. Besides that, the South University neighborhood is a charming combination of historic residences and several businesses. It offers a pleasant, laid-back atmosphere and excellent location, making it a perfect place to live.
Population and Demographics
As of the latest data for 2021, the population in South University is 3,766. The population density is 7,439 people per square mile, which is higher than the city population density of 3,661. Additionally, the median age in this area is 22, which is 35% lower than Eugene. The neighborhood demographics include residents who identify as White (78%), Asian (9%), and Black (2%).
Real Estate Market and Home Values
According to Realtor.com, South University is a popular neighborhood for home investors who can afford a property in the $450,000 price range. Typically, sale prices for houses in this area range from $299,000 to $629,000. However, if you don’t want to invest in property, they rentals range from $795 to $4,400 per month.
As of June 2021, the median listing price of houses in South University is $450,000, trending down 10% year after year. The median listing price per square foot in this area is $276. Also, the current median sale price is $440,000.
The median household income in South University is $15,640, which is 72% lower than the national average. And the income per capita in this area is $15,668, which is 47% lower than the national average.
At the same time, 59% of the working population in South University works in management, executive, and professional careers. In addition, 27% work in sales and service occupations, while 8% work as tech support, clerks, and assistants. Lastly, the other 4% are in manufacturing and laborer jobs.
Events and Activities
The South University neighborhood of Eugene is a great place to live for active people who want to be close to various fun activities.
This broad but walkable and bike-friendly neighborhood intersects with Matthew Knight Arena and the Fairmount Neighborhood to the north. It includes Hayward Field and the historic Eugene Pioneer Cemetery and Eugene Masonic Cemetery to the south.
Besides that, several parks, the Maude Kerns Art Center and the University of Oregon’s Museum of Natural and Cultural History; and Jordan Schnitzer Museum of Art are within walking distance from the neighborhood.
In addition, this neighborhood is also close to Amazon Pool, Hendrick’s Park and Trail, and Laurelwood Golf Course, among other fantastic entertainment and family activities. And as mentioned earlier, the University of Oregon, which offers excellent athletics, art, and entertainment, is also within walking distance.
South University is an excellent neighborhood close to almost everything that you need. It is indeed one of the best places to call home!