Columbia Heights / Mount Vernon-Hollywood-Montclair median real estate price is $487,015, which is more expensive than 91.9% of the neighborhoods in Kentucky and 64.0% of the neighborhoods in the U.S.
The average rental price in Columbia Heights / Mount Vernon-Hollywood-Montclair is currently $2,430, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 95.4% of the neighborhoods in Kentucky.
Columbia Heights / Mount Vernon-Hollywood-Montclair is an urban neighborhood (based on population density) located in Lexington, Kentucky.
Columbia Heights / Mount Vernon-Hollywood-Montclair 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 occupied by a mixture of owners and renters. Many of the residences in the Columbia Heights / Mount Vernon-Hollywood-Montclair neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Columbia Heights / Mount Vernon-Hollywood-Montclair has a 9.8% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 60.9% 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.
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.
American households most often have a car, and regularly they have two or three. But households in the Columbia Heights / Mount Vernon-Hollywood-Montclair neighborhood buck this trend. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 42.9% of the households here have four, five, or more cars. That is more cars per household than in 98.9% of the neighborhoods in the nation.
One of the really interesting characteristics about the Columbia Heights / Mount Vernon-Hollywood-Montclair neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 1.1% of college-friendly places to live in the state of Kentucky. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for highly educated executives.
In addition, neighborhoodScout's analysis shows that the Columbia Heights / Mount Vernon-Hollywood-Montclair neighborhood has a greater concentration of residents currently enrolled in college than 98.8% of the neighborhoods in the U.S. With 35.9% of the population here attending college, this is very much a college-focused neighborhood.
If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 4.0% of residents in the Columbia Heights / Mount Vernon-Hollywood-Montclair neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 97.2% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
Did you know that the Columbia Heights / Mount Vernon-Hollywood-Montclair neighborhood has more Swiss and Lebanese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.7% of this neighborhood's residents have Swiss ancestry and 1.0% have Lebanese ancestry.
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 Columbia Heights / Mount Vernon-Hollywood-Montclair neighborhood in Lexington are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 70.8% of U.S. neighborhoods. In addition, 7.1% 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 58.2% 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 Columbia Heights / Mount Vernon-Hollywood-Montclair neighborhood, 47.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 20.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.9%), and 15.2% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
The most common language spoken in the Columbia Heights / Mount Vernon-Hollywood-Montclair neighborhood is English, spoken by 89.3% of households. Some people also speak Spanish (3.0%).
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 Columbia Heights / Mount Vernon-Hollywood-Montclair neighborhood in Lexington, KY, residents most commonly identify their ethnicity or ancestry as German (17.5%). There are also a number of people of English ancestry (14.3%), and residents who report Irish roots (11.5%), and some of the residents are also of Asian ancestry (7.0%), along with some Polish ancestry residents (5.0%), among others.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Columbia Heights / Mount Vernon-Hollywood-Montclair neighborhood spend under 15 minutes commuting one-way to work (46.1% of working residents), one of the shortest commutes across America.
Here most residents (65.4%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (8.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.