Elkhorn Parks-Radcliff / Elkhorn Park median real estate price is $239,566, which is more expensive than 55.1% of the neighborhoods in Kentucky and 28.5% of the neighborhoods in the U.S.
The average rental price in Elkhorn Parks-Radcliff / Elkhorn Park is currently $1,628, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 67.4% of the neighborhoods in Kentucky.
Elkhorn Parks-Radcliff / Elkhorn Park is a suburban neighborhood (based on population density) located in Lexington, Kentucky.
Elkhorn Parks-Radcliff / Elkhorn Park real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Elkhorn Parks-Radcliff / Elkhorn Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Elkhorn Parks-Radcliff / Elkhorn Park, the current vacancy rate is 2.6%, which is a lower rate of vacancies than 82.6% of all neighborhoods in the U.S. This means that the housing supply in Elkhorn Parks-Radcliff / Elkhorn Park is very tight compared to the demand for property here.
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.
Divorcees may find friendship and understanding in this neighborhood, as 19.8% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 95.3% of the neighborhoods in America.
Did you know that the Elkhorn Parks-Radcliff / Elkhorn Park neighborhood has more French Canadian and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.1% of this neighborhood's residents have French Canadian ancestry and 4.6% have Arab 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 Elkhorn Parks-Radcliff / Elkhorn Park neighborhood in Lexington are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 41.8% of the neighborhoods in America. With 14.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 58.2% 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 Elkhorn Parks-Radcliff / Elkhorn Park neighborhood, 31.1% 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 29.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (25.9%), and 13.9% in clerical, assistant, and tech support occupations.
The most common language spoken in the Elkhorn Parks-Radcliff / Elkhorn Park neighborhood is English, spoken by 94.2% of households. Some people also speak Spanish (5.1%).
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 Elkhorn Parks-Radcliff / Elkhorn Park neighborhood in Lexington, KY, residents most commonly identify their ethnicity or ancestry as German (9.2%). There are also a number of people of Irish ancestry (7.0%), and residents who report Sub-Saharan African roots (5.9%), and some of the residents are also of French Canadian ancestry (5.1%), along with some Arab ancestry residents (4.6%), 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 Elkhorn Parks-Radcliff / Elkhorn Park neighborhood spend between 15 and 30 minutes commuting one-way to work (36.0% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (83.5%) 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 (6.6%) and 5.9% of residents also ride the bus 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.