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Real Estate Prices & Overview

Lower Town / Downtown Paducah median real estate price is $370,162, which is more expensive than 84.3% of the neighborhoods in Kentucky and 51.2% of the neighborhoods in the U.S.

The average rental price in Lower Town / Downtown Paducah is currently $711, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 99.2% of Kentucky neighborhoods.

Lower Town / Downtown Paducah is a suburban neighborhood (based on population density) located in Paducah, Kentucky.

Lower Town / Downtown Paducah 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 Lower Town / Downtown Paducah 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 1970 and 1999.

Lower Town / Downtown Paducah has a 14.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 75.9% 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.

Notable & Unique Neighborhood Characteristics

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.

People

Of note is NeighborhoodScout's research finding that the Lower Town / Downtown Paducah 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 Lower Town / Downtown Paducah community truly stands out from the rest in this regard.

In addition, astoundingly, the Lower Town / Downtown Paducah neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 99.4% of U.S. neighborhoods. This may be because people living here divorce more often than others, or that divorced people move here after they become divorced. If you are divorced, you will be in good company in this particular Paducah neighborhood.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Lower Town / Downtown Paducah neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 74.1% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 99.1% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Real Estate

The Lower Town / Downtown Paducah neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 85.0% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

In addition, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 65.5% of the residential real estate in the Lower Town / Downtown Paducah neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 97.7% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Diversity

Did you know that the Lower Town / Downtown Paducah neighborhood has more English and French ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 28.0% of this neighborhood's residents have English ancestry and 7.0% have French ancestry.

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 Lower Town / Downtown Paducah neighborhood in Paducah are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 93.1% 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 Lower Town / Downtown Paducah neighborhood, 59.7% 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 21.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (13.4%), and 5.5% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Lower Town / Downtown Paducah neighborhood is English, spoken by 96.5% of households.

Ethnicity / Ancestry

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 Lower Town / Downtown Paducah neighborhood in Paducah, KY, residents most commonly identify their ethnicity or ancestry as English (28.0%). There are also a number of people of German ancestry (14.9%), and residents who report Irish roots (9.2%), and some of the residents are also of French ancestry (7.0%), along with some Sub-Saharan African ancestry residents (5.4%), 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 Lower Town / Downtown Paducah neighborhood spend under 15 minutes commuting one-way to work (74.1% of working residents), one of the shortest commutes across America.

Here most residents (63.7%) 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 (9.4%) . 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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