University of Pikeville median real estate price is $196,926, which is more expensive than 37.4% of the neighborhoods in Kentucky and 18.3% of the neighborhoods in the U.S.
The average rental price in University of Pikeville is currently $1,405, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 44.2% of Kentucky neighborhoods.
University of Pikeville is a suburban neighborhood (based on population density) located in Pikeville, Kentucky.
University of Pikeville 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 University of Pikeville 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.
Home and apartment vacancy rates are 7.2% in University of Pikeville. NeighborhoodScout analysis shows that this rate is lower than 50.1% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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 Pikeville, the University of Pikeville neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
One of the unique characteristics of the University of Pikeville neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 99.8% of the neighborhoods in America. The University of Pikeville neighborhood also has a greater percentage of children living in poverty (75.3%) than found in 99.0% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.
In addition, an extraordinary 24.1% of the residents of the University of Pikeville neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.
Also, with a nice mix of college students, safety from crime, and decent walkability, the University of Pikeville neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 87.0% of the neighborhoods in KY. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the University of Pikeville neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 67.8% 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 98.2% of U.S. neighborhoods. Less time commuting means more time for other things in life.
More people in University of Pikeville choose to walk to work each day (18.8%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Also, our research shows that more people carpool to work here in the University of Pikeville (23.9%) than in 96.1% of the neighborhoods in America.
Renter-occupied real estate is dominant in the University of Pikeville neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 91.2%, which is higher than 97.1% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
In addition, the University of Pikeville 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 82.5% 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.
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 University of Pikeville neighborhood in Pikeville are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.8% of U.S. neighborhoods. With 75.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.0% of U.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 University of Pikeville neighborhood, 50.7% 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 25.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.5%), and 4.8% in manufacturing and laborer occupations.
The most common language spoken in the University of Pikeville neighborhood is English, spoken by 95.7% of households.
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the University of Pikeville neighborhood in Pikeville, KY, residents most commonly identify their ethnicity or ancestry as German (9.7%). There are also a number of people of English ancestry (8.3%), and residents who report Irish roots (7.0%), and some of the residents are also of Scottish ancestry (4.7%), along with some Italian 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 University of Pikeville neighborhood spend under 15 minutes commuting one-way to work (67.8% of working residents), one of the shortest commutes across America.
Here most residents (54.4%) 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 (23.9%) and 18.8% of residents also hop out the door and walk to work 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.