Larkwood Dr / Hedgewood Dr median real estate price is $155,702, which is less expensive than 74.3% of Kentucky neighborhoods and 87.7% of all U.S. neighborhoods.
The average rental price in Larkwood Dr / Hedgewood Dr is currently $1,634, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 73.3% of the neighborhoods in Kentucky.
Larkwood Dr / Hedgewood Dr is an urban neighborhood (based on population density) located in Lexington, Kentucky.
Larkwood Dr / Hedgewood Dr 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Larkwood Dr / Hedgewood Dr neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Larkwood Dr / Hedgewood Dr has a 11.3% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 68.1% 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.
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.
Most neighborhoods are composed of a mixture of ages of homes, but the Larkwood Dr / Hedgewood Dr stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 85.4% of the residential real estate here was built in this one time period.
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 Larkwood Dr / Hedgewood Dr neighborhood in Lexington are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 78.6% of U.S. neighborhoods. With 19.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 68.2% 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 Larkwood Dr / Hedgewood Dr neighborhood, 40.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 25.3% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (23.3%), and 11.0% in clerical, assistant, and tech support occupations.
The most common language spoken in the Larkwood Dr / Hedgewood Dr neighborhood is English, spoken by 85.3% of households. Some people also speak Spanish (9.6%).
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 Larkwood Dr / Hedgewood Dr neighborhood in Lexington, KY, residents most commonly identify their ethnicity or ancestry as German (10.6%). There are also a number of people of Mexican ancestry (10.2%), and residents who report Irish roots (10.2%), and some of the residents are also of English ancestry (8.0%), along with some Asian ancestry residents (6.7%), 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 Larkwood Dr / Hedgewood Dr neighborhood spend between 15 and 30 minutes commuting one-way to work (45.4% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (67.0%) 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 (19.7%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.