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Real Estate Prices & Overview

Elkfork median real estate price is $193,300, which is less expensive than 62.2% of Kentucky neighborhoods and 81.3% of all U.S. neighborhoods.

The average rental price in Elkfork is currently $1,191, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 69.8% of Kentucky neighborhoods.

Elkfork is a remote neighborhood (based on population density) located in West Liberty, Kentucky.

Elkfork real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Elkfork 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.

Elkfork has a 12.5% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 72.1% 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 West Liberty, the Elkfork neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The real estate in this neighborhood consists of more mobile homes than 98.1% of all neighborhoods in America, with 41.7% 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.

In addition, unpopulated, and rural, the Elkfork neighborhood is one of the least crowded neighborhoods in all of America. If you like open space, no traffic, and lots of room, this neighborhood may be just what you are looking for. According to NeighborhoodScout's leading research, this neighborhood is less densely populated than 94.2% of the neighborhoods in America.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Elkfork neighborhood have a highly unusual car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 36.3% of the households here have four, five, or more cars. That is more cars per household than in 96.8% of the neighborhoods in the nation.

Occupations

With 2.3% of employed workers living in the Elkfork neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 96.6% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

People

If you're planning where to retire, the Elkfork neighborhood in West Liberty is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in KY, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 85.5% of the neighborhoods in Kentucky. If you are considering retiring to Kentucky, this is a good neighborhood to look at.

Migration / Stability

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 Elkfork neighborhood. More residents of the Elkfork neighborhood live here today that also were living in this same neighborhood five years ago than is found in 98.5% 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.

Diversity

Did you know that the Elkfork neighborhood has more Swiss and Dutch ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.9% of this neighborhood's residents have Swiss ancestry and 3.6% have Dutch 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 Elkfork neighborhood in West Liberty are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 87.7% of U.S. neighborhoods. With 10.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 52.0% 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 Elkfork neighborhood, 36.0% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 33.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.0%), and 12.9% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Elkfork neighborhood is English, spoken by 100.0% of households. Some people also speak Langs. of India (2.4%).

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 Elkfork neighborhood in West Liberty, KY, residents most commonly identify their ethnicity or ancestry as English (17.2%). There are also a number of people of Irish ancestry (10.5%), and residents who report German roots (9.3%), and some of the residents are also of Dutch ancestry (3.6%), along with some Swiss ancestry residents (1.9%), among others.

Getting to Work

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 Elkfork neighborhood spend between 45 minutes and one hour commuting one-way to work (34.1% of working residents), longer and tougher than most commutes in America.

Here most residents (78.5%) 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 (16.0%) . 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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