Buchanan / Fallsburg median real estate price is $147,908, which is less expensive than 77.2% of Kentucky neighborhoods and 89.4% of all U.S. neighborhoods.
The average rental price in Buchanan / Fallsburg is currently $1,152, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 73.5% of Kentucky neighborhoods.
Buchanan / Fallsburg is a remote neighborhood (based on population density) located in Louisa, Kentucky.
Buchanan / Fallsburg 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 Buchanan / Fallsburg 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.
Buchanan / Fallsburg has a 13.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 75.8% 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.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
The Buchanan / Fallsburg neighborhood has a greater proportion of government workers living in it than 99.5% of the neighborhoods in America, according to NeighborhoodScout's exclusive analysis. This is a unique feature of this neighborhood, and one that shapes its character.
Owner-occupied real estate dominates the Buchanan / Fallsburg neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 98.0% of neighborhoods in America.
In addition, the real estate in this neighborhood consists of more mobile homes than 95.9% of all neighborhoods in America, with 31.8% of the occupied housing here being classified as mobile homes. So if you are looking for a mobile home, or you like the look and feel of mobile home parks, this neighborhood might have the setting you desire.
Our research reveals that 87.8% of commuters who live in the Buchanan / Fallsburg neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 95.8% of U.S. neighborhoods.
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Buchanan / Fallsburg neighborhood. More residents of the Buchanan / Fallsburg neighborhood live here today that also were living in this same neighborhood five years ago than is found in 98.3% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.
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 Buchanan / Fallsburg neighborhood in Louisa are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 83.4% of U.S. neighborhoods. With 26.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 78.8% 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 Buchanan / Fallsburg neighborhood, 37.5% 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 26.7% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (23.6%), and 23.5% in manufacturing and laborer occupations.
The most common language spoken in the Buchanan / Fallsburg neighborhood is English, spoken by 99.0% of households.
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 Buchanan / Fallsburg neighborhood in Louisa, KY, residents most commonly identify their ethnicity or ancestry as English (15.9%). There are also a number of people of Irish ancestry (12.2%), and residents who report German roots (6.1%), and some of the residents are also of Scottish ancestry (2.4%), along with some Russian ancestry residents (2.1%), 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 Buchanan / Fallsburg neighborhood spend between 45 minutes and one hour commuting one-way to work (30.0% of working residents), longer and tougher than most commutes in America.
Here most residents (87.8%) 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 (9.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.