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Real Estate Prices & Overview

Victory Pkwy / Park Ave median real estate price is $547,685, which is more expensive than 93.2% of the neighborhoods in Ohio and 68.7% of the neighborhoods in the U.S.

The average rental price in Victory Pkwy / Park Ave is currently $1,691, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 71.3% of the neighborhoods in Ohio.

Victory Pkwy / Park Ave is an urban neighborhood (based on population density) located in Cincinnati, Ohio.

Victory Pkwy / Park Ave 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 small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Victory Pkwy / Park Ave 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.

Home and apartment vacancy rates are 9.2% in Victory Pkwy / Park Ave. NeighborhoodScout analysis shows that this rate is lower than 42.0% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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 Cincinnati, the Victory Pkwy / Park Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Of note is NeighborhoodScout's research finding that the Victory Pkwy / Park Ave 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 Victory Pkwy / Park Ave community truly stands out from the rest in this regard.

In addition, one of the most interesting things about the Victory Pkwy / Park Ave neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 57.3% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 98.3% of the neighborhoods in America.

Also, the rate of college educated adults in the Victory Pkwy / Park Ave neighborhood is a unique characteristic of the neighborhood. 80.7% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 34.3% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 98.0% of all U.S. neighborhoods.

Finally, the Victory Pkwy / Park Ave neighborhood stands out within Ohio for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 5.7% of college-friendly places to live in OH. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for young, single professionals and urban sophisticates.

Occupations

Executives, managers and professionals make up 75.1% of the workforce in the Victory Pkwy / Park Ave neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 97.8% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Diversity

Did you know that the Victory Pkwy / Park Ave neighborhood has more Eastern European and Ukrainian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.1% of this neighborhood's residents have Eastern European ancestry and 3.3% have Ukrainian ancestry.

Victory Pkwy / Park Ave is also pretty special linguistically. Significantly, 1.1% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 95.0% of the neighborhoods in America.

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 Victory Pkwy / Park Ave neighborhood in Cincinnati are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 65.2% of the neighborhoods in America. 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.

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 Victory Pkwy / Park Ave neighborhood, 75.1% 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 13.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.8%).

Languages

The most common language spoken in the Victory Pkwy / Park Ave neighborhood is English, spoken by 97.1% of households. Some people also speak Spanish (2.1%).

Ethnicity / Ancestry

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 Victory Pkwy / Park Ave neighborhood in Cincinnati, OH, residents most commonly identify their ethnicity or ancestry as German (24.9%). There are also a number of people of Irish ancestry (11.0%), and residents who report English roots (6.9%), and some of the residents are also of Italian ancestry (6.9%), along with some Polish ancestry residents (5.3%), 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 Victory Pkwy / Park Ave neighborhood spend under 15 minutes commuting one-way to work (49.6% of working residents), one of the shortest commutes across America.

Here most residents (67.9%) 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.


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