Ronald Reagan Pkwy / 5th St median real estate price is $375,502, which is more expensive than 80.4% of the neighborhoods in Indiana and 50.2% of the neighborhoods in the U.S.
The average rental price in Ronald Reagan Pkwy / 5th St is currently $2,334, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 93.6% of the neighborhoods in Indiana.
Ronald Reagan Pkwy / 5th St is a suburban neighborhood (based on population density) located in Indianapolis, Indiana.
Ronald Reagan Pkwy / 5th St real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Ronald Reagan Pkwy / 5th St neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Ronald Reagan Pkwy / 5th St has a 9.8% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 60.8% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
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.
In a nation where 1 out of every 4 children lives in poverty, the Ronald Reagan Pkwy / 5th St neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, if you are planning to retire in Indiana, this neighborhood should be on your must-see list. For many reasons, Ronald Reagan Pkwy / 5th St may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Indiana, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 97.2% of neighborhoods in IN. If a Indiana retirement is in your future, this neighborhood should be one of the places you visit.
If you like the look and ambience of new homes and newly built neighborhoods, you will love the Ronald Reagan Pkwy / 5th St neighborhood. A whopping 78.6% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 97.2% of the neighborhoods in the U.S. Everything here just feels new.
Did you know that the Ronald Reagan Pkwy / 5th St neighborhood has more Brazilian and Slovak ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.8% of this neighborhood's residents have Brazilian ancestry and 1.0% have Slovak ancestry.
Ronald Reagan Pkwy / 5th St is also pretty special linguistically. Significantly, 3.6% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 96.2% of the neighborhoods in America.
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 Ronald Reagan Pkwy / 5th St neighborhood in Indianapolis are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 64.6% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Ronald Reagan Pkwy / 5th St neighborhood, 42.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 21.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (20.7%), and 15.6% in clerical, assistant, and tech support occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Ronald Reagan Pkwy / 5th St neighborhood is English, spoken by 78.0% of households. Other important languages spoken here include Polish, French and Spanish.
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Ronald Reagan Pkwy / 5th St neighborhood in Indianapolis, IN, residents most commonly identify their ethnicity or ancestry as Asian (12.2%). There are also a number of people of German ancestry (11.6%), and residents who report Sub-Saharan African roots (7.8%), and some of the residents are also of African ancestry (4.7%), along with some English ancestry residents (4.4%), among others. In addition, 16.8% of the residents of this neighborhood were born in another country.
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 Ronald Reagan Pkwy / 5th St neighborhood spend between 15 and 30 minutes commuting one-way to work (54.3% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (80.0%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.