Richmond East median real estate price is $211,023, which is more expensive than 42.9% of the neighborhoods in Kentucky and 21.1% of the neighborhoods in the U.S.
The average rental price in Richmond East is currently $1,631, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 74.7% of the neighborhoods in Kentucky.
Richmond East is a suburban neighborhood (based on population density) located in Richmond, Kentucky.
Richmond East real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Richmond East neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Real estate vacancies in Richmond East are 5.0%, which is lower than one will find in 64.0% of American neighborhoods. Demand for real estate in Richmond East is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
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.
The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Richmond East neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 24.4% of its workforce, this neighborhood has a greater concentration of government workers than 99.6% of U.S. neighborhoods.
Furthermore, there are more people living in the Richmond East neighborhood employed as sales and service workers (57.4%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.
Astoundingly, the Richmond East neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 99.5% 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 Richmond neighborhood.
Our research reveals that 88.5% of commuters who live in the Richmond East neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 96.4% of U.S. neighborhoods.
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 Richmond East neighborhood in Richmond are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 94.1% of U.S. neighborhoods. With 20.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 70.3% 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 Richmond East neighborhood, 42.6% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is government jobs, whether they are in local, state, or federal positions, with 24.4% of the residents employed. Other residents here are employed in executive, management, and professional occupations (22.3%), and 22.0% in manufacturing and laborer occupations.
The most common language spoken in the Richmond East neighborhood is English, spoken by 97.1% 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 Richmond East neighborhood in Richmond, KY, residents most commonly identify their ethnicity or ancestry as English (15.9%). There are also a number of people of Irish ancestry (3.9%), and residents who report German roots (2.9%), and some of the residents are also of Italian ancestry (1.7%), along with some Scottish ancestry residents (1.4%), 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 Richmond East neighborhood spend between 45 minutes and one hour commuting one-way to work (40.0% of working residents), longer and tougher than most commutes in America.
Here most residents (88.5%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.