Old Boonville Hwy / Olmstead Rd median real estate price is $287,329, which is more expensive than 63.4% of the neighborhoods in Indiana and 35.5% of the neighborhoods in the U.S.
The average rental price in Old Boonville Hwy / Olmstead Rd is currently $1,344, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 63.1% of Indiana neighborhoods.
Old Boonville Hwy / Olmstead Rd is a rural neighborhood (based on population density) located in Evansville, Indiana.
Old Boonville Hwy / Olmstead Rd real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Old Boonville Hwy / Olmstead Rd neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
In Old Boonville Hwy / Olmstead Rd, the current vacancy rate is 2.0%, which is a lower rate of vacancies than 85.0% of all neighborhoods in the U.S. This means that the housing supply in Old Boonville Hwy / Olmstead Rd is very tight compared to the demand for property here.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
Of note, 83.8% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.
In addition, astoundingly, the Old Boonville Hwy / Olmstead Rd neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 98.2% of U.S. neighborhoods. This may be because people living here divorce more often than others, or that divorced people move here after they become divorced. If you are divorced, you will be in good company in this particular Evansville neighborhood.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Old Boonville Hwy / Olmstead Rd neighborhood in Evansville are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 83.7% of U.S. neighborhoods. With 83.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.5% of U.S. neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Old Boonville Hwy / Olmstead Rd neighborhood, 34.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 34.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (17.5%), and 11.0% in clerical, assistant, and tech support occupations.
The most common language spoken in the Old Boonville Hwy / Olmstead Rd neighborhood is English, spoken by 94.2% of households. Some people also speak Spanish (4.2%).
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Old Boonville Hwy / Olmstead Rd neighborhood in Evansville, IN, residents most commonly identify their ethnicity or ancestry as German (24.4%). There are also a number of people of English ancestry (15.2%), and residents who report Italian roots (5.3%), and some of the residents are also of Mexican ancestry (4.9%), along with some Scottish ancestry residents (3.1%), among others.
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 Old Boonville Hwy / Olmstead Rd neighborhood spend between 15 and 30 minutes commuting one-way to work (47.7% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (75.7%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (7.0%) and 5.1% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.