Elkhorn Parks-Radcliff / Elkhorn Park median real estate price is $237,367, which is more expensive than 51.9% of the neighborhoods in Kentucky and 26.6% of the neighborhoods in the U.S.
The average rental price in Elkhorn Parks-Radcliff / Elkhorn Park is currently $1,518, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 66.3% of the neighborhoods in Kentucky.
Elkhorn Parks-Radcliff / Elkhorn Park is a suburban neighborhood (based on population density) located in Lexington, Kentucky.
Elkhorn Parks-Radcliff / Elkhorn Park real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Elkhorn Parks-Radcliff / Elkhorn Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Real estate vacancies in Elkhorn Parks-Radcliff / Elkhorn Park are 4.1%, which is lower than one will find in 71.6% of American neighborhoods. Demand for real estate in Elkhorn Parks-Radcliff / Elkhorn Park 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.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
Astoundingly, the Elkhorn Parks-Radcliff / Elkhorn Park neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 97.4% 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 Lexington neighborhood.
In addition, according to NeighborhoodScout's research, Elkhorn Parks-Radcliff / Elkhorn Park is better suited for first-time home buyers than 88.9% of neighborhoods in the state. Most homes here are priced below the state's median house value, yet maintain comparably good appreciation rates over the last decade relative to other neighborhoods in Kentucky. Along with an exclusive multi-metric measure of neighborhood quality developed by NeighborhoodScout that scores high here in this neighborhood, this means that buying into the neighborhood is not only an accessible option but considered a decent first time home buyer choice for building equity in your first home, while being in a quality neighborhood
Did you know that the Elkhorn Parks-Radcliff / Elkhorn Park neighborhood has more French Canadian and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.0% of this neighborhood's residents have French Canadian ancestry and 5.6% have Arab 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 Elkhorn Parks-Radcliff / Elkhorn Park neighborhood in Lexington are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 50.0% of the neighborhoods in America. With 15.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 62.2% 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 Elkhorn Parks-Radcliff / Elkhorn Park neighborhood, 32.8% 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 27.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (26.3%), and 13.8% in clerical, assistant, and tech support occupations.
The most common language spoken in the Elkhorn Parks-Radcliff / Elkhorn Park neighborhood is English, spoken by 93.7% of households. Some people also speak Spanish (6.0%).
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 Elkhorn Parks-Radcliff / Elkhorn Park neighborhood in Lexington, KY, residents most commonly identify their ethnicity or ancestry as German (10.7%). There are also a number of people of Irish ancestry (9.5%), and residents who report French Canadian roots (6.0%), and some of the residents are also of Arab ancestry (5.6%), along with some English ancestry residents (4.8%), among others.
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 Elkhorn Parks-Radcliff / Elkhorn Park neighborhood spend under 15 minutes commuting one-way to work (38.3% of working residents), one of the shortest commutes across America.
Here most residents (82.1%) 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 (7.2%) and 6.2% of residents also ride the bus 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.