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Real Estate Prices & Overview

Cardinal Valley median real estate price is $194,366, which is more expensive than 40.7% of the neighborhoods in Kentucky and 20.1% of the neighborhoods in the U.S.

The average rental price in Cardinal Valley is currently $1,351, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 61.9% of Kentucky neighborhoods.

Cardinal Valley is an urban neighborhood (based on population density) located in Lexington, Kentucky.

Cardinal Valley 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 Cardinal Valley neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

In Cardinal Valley, the current vacancy rate is 2.5%, which is a lower rate of vacancies than 83.2% of all neighborhoods in the U.S. This means that the housing supply in Cardinal Valley is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Lexington, the Cardinal Valley neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

There are more people living in the Cardinal Valley neighborhood employed as sales and service workers (56.4%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

People

Of note, 56.3% 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.

Diversity

Did you know that the Cardinal Valley neighborhood has more Portuguese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.3% of this neighborhood's residents have Portuguese ancestry.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the Cardinal Valley neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 95.5% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

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 Cardinal Valley neighborhood in Lexington are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 85.5% of U.S. neighborhoods. With 56.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 95.9% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Cardinal Valley neighborhood, 43.6% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 29.0% of the residents employed. Other residents here are employed in executive, management, and professional occupations (13.8%), and 11.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Cardinal Valley neighborhood is English, spoken by 68.3% of households. Some people also speak Spanish (30.2%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Cardinal Valley neighborhood in Lexington, KY, residents most commonly identify their ethnicity or ancestry as Mexican (24.7%). There are also a number of people of Italian ancestry (8.7%), and residents who report Irish roots (7.0%), and some of the residents are also of English ancestry (6.4%), along with some German ancestry residents (5.7%), among others. In addition, 17.4% of the residents of this neighborhood were born in another country.

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 Cardinal Valley neighborhood spend between 15 and 30 minutes commuting one-way to work (41.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (82.4%) 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 (11.1%) . 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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