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Real Estate Prices & Overview

Historic Western Suburb / Historic Woodward Heights median real estate price is $723,346, which is more expensive than 97.4% of the neighborhoods in Kentucky and 78.2% of the neighborhoods in the U.S.

The average rental price in Historic Western Suburb / Historic Woodward Heights is currently $814, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 98.8% of Kentucky neighborhoods.

Historic Western Suburb / Historic Woodward Heights is a suburban neighborhood (based on population density) located in Lexington, Kentucky.

Historic Western Suburb / Historic Woodward Heights 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 Historic Western Suburb / Historic Woodward Heights neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.

Historic Western Suburb / Historic Woodward Heights has a 14.3% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 76.2% 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

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 Historic Western Suburb / Historic Woodward Heights neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Of note is NeighborhoodScout's research finding that the Historic Western Suburb / Historic Woodward Heights neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Historic Western Suburb / Historic Woodward Heights community truly stands out from the rest in this regard.

In addition, the types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. NeighborhoodScout's exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 56.2%. This is a higher percent living alone than we found in 98.0% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse.

Also, if you are an executive or professional seeking a neighborhood affording an executive lifestyle, or just wanting to find where other executives live in the area, the Historic Western Suburb / Historic Woodward Heights neighborhood should be on your list. It has an enviable mix of spacious homes, relatively stable real estate values, and residents that include a number of wealthy executives, managers, and professionals. NeighborhoodScout's exclusive analysis places it as one of the top 14.5% executive lifestyle neighborhoods in the state of Kentucky.

Modes of Transportation

Would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the Historic Western Suburb / Historic Woodward Heights neighborhood is a fantastic option for bicycle commuters, as 7.0% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 99.1% of the neighborhoods in America.

Occupations

Executives, managers and professionals make up 75.7% of the workforce in the Historic Western Suburb / Historic Woodward Heights neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 98.0% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Diversity

Did you know that the Historic Western Suburb / Historic Woodward Heights neighborhood has more Lithuanian and British ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.1% of this neighborhood's residents have Lithuanian ancestry and 3.7% have British ancestry.

The Neighbors

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 Historic Western Suburb / Historic Woodward Heights 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 76.5% of U.S. neighborhoods. 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.

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 Historic Western Suburb / Historic Woodward Heights neighborhood, 75.7% 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 11.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (9.4%), and 7.5% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Historic Western Suburb / Historic Woodward Heights neighborhood is English, spoken by 94.8% of households. Some people also speak Italian (3.7%).

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 Historic Western Suburb / Historic Woodward Heights neighborhood in Lexington, KY, residents most commonly identify their ethnicity or ancestry as English (13.4%). There are also a number of people of Irish ancestry (11.5%), and residents who report German roots (10.0%), and some of the residents are also of Italian ancestry (5.2%), along with some Scottish ancestry residents (4.4%), among others.

Getting to Work

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 Historic Western Suburb / Historic Woodward Heights neighborhood spend under 15 minutes commuting one-way to work (54.0% of working residents), one of the shortest commutes across America.

Here most residents (59.2%) drive alone in a private automobile to get to work. In addition, quite a number also bicycle to get to work (7.0%) and 7.0% of residents also carpool with coworkers, friends, or neighbors 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.


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