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Real Estate Prices & Overview

Cromwell median real estate price is $137,621, which is less expensive than 78.8% of Kentucky neighborhoods and 89.6% of all U.S. neighborhoods.

The average rental price in Cromwell is currently $1,498, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 44.6% of Kentucky neighborhoods.

Cromwell is a remote neighborhood (based on population density) located in Beaver Dam, Kentucky.

Cromwell real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Cromwell 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.

Cromwell has a 10.5% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 63.7% 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.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Occupations

NeighborhoodScout's exclusive research identifies the Cromwell neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 50.6% of its working residents employed in such fields, which is a higher proportion than 99.0% of American neighborhoods.

Modes of Transportation

While most Americans do drive to work alone each day, the Cromwell neighborhood stands out by having 89.4% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 95.7% of all American neighborhoods.

People

NeighborhoodScout's exclusive research revealed that 93.1% of the adult residents in the Cromwell neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 95.2% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Cromwell neighborhood in Beaver Dam 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. In addition, 4.7% 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 65.6% 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 Cromwell neighborhood, 50.6% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 21.9% of the residents employed. Other residents here are employed in executive, management, and professional occupations (15.0%), and 12.4% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Cromwell neighborhood is English, spoken by 92.4% of households. Some people also speak Spanish (7.2%).

Ethnicity / Ancestry

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 Cromwell neighborhood in Beaver Dam, KY, residents most commonly identify their ethnicity or ancestry as English (15.7%). There are also a number of people of German ancestry (10.2%), and residents who report Irish roots (8.8%), and some of the residents are also of Mexican ancestry (6.1%), along with some Italian ancestry residents (1.4%), among others.

Getting to Work

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 Cromwell neighborhood spend under 15 minutes commuting one-way to work (43.3% of working residents), one of the shortest commutes across America.

Here most residents (89.4%) 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.


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