Kennedy Park median real estate price is $387,503, which is more expensive than 72.1% of the neighborhoods in Wisconsin and 53.1% of the neighborhoods in the U.S.
The average rental price in Kennedy Park is currently $1,755, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 80.0% of the neighborhoods in Wisconsin.
Kennedy Park is a suburban neighborhood (based on population density) located in Madison, Wisconsin.
Kennedy Park real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Kennedy Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Kennedy Park, the current vacancy rate is 0.4%, which is a lower rate of vacancies than 93.2% of all neighborhoods in the U.S. This means that the housing supply in Kennedy Park is very tight compared to the demand for property here.
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 Madison, the Kennedy Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
With more than 1.7% of residents living with a same sex partner, Kennedy Park is truly a neighborhood that stands out from the rest in this regard. In fact, exclusive analysis by NeighborhoodScout reveals that this neighborhood has a greater concentration of same sex couples than 95.5% of U.S. neighborhoods.
In addition, kennedy Park is ranked among the top 5.3% of neighborhoods for first-time home buyers to consider in the state of Wisconsin according to NeighborhoodScout's exclusive analysis. Homes here are priced below median housing values in the state, yet maintain moderate appreciation rates compared to other communities. Buying into the Kennedy Park neighborhood is not only an accessible option but an investment opportunity for many first-time home buyers. In addition to being an excellent choice for first-time home buyers, this neighborhood is also a very good choice for highly educated executives.
Did you know that the Kennedy Park neighborhood has more Norwegian and German ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.4% of this neighborhood's residents have Norwegian ancestry and 36.4% have German ancestry.
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 Kennedy Park neighborhood in Madison are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 71.9% of the neighborhoods in America. In addition, 7.1% 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 58.3% 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 Kennedy Park neighborhood, 51.9% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 17.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (15.8%), and 14.4% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
The most common language spoken in the Kennedy Park neighborhood is English, spoken by 92.3% of households. Some people also speak Spanish (3.8%).
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Kennedy Park neighborhood in Madison, WI, residents most commonly identify their ethnicity or ancestry as German (36.4%). There are also a number of people of Irish ancestry (13.5%), and residents who report English roots (11.8%), and some of the residents are also of Norwegian ancestry (11.4%), along with some Asian ancestry residents (5.5%), 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 Kennedy Park neighborhood spend between 15 and 30 minutes commuting one-way to work (41.5% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (73.1%) 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.