Albion / New Frankfort median real estate price is $200,297, which is more expensive than 40.5% of the neighborhoods in Indiana and 21.1% of the neighborhoods in the U.S.
The average rental price in Albion / New Frankfort is currently $1,396, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 57.7% of Indiana neighborhoods.
Albion / New Frankfort is a remote neighborhood (based on population density) located in Austin, Indiana.
Albion / New Frankfort real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Albion / New Frankfort 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.
Albion / New Frankfort has a 14.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 77.3% 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.
NeighborhoodScout's exclusive research identifies the Albion / New Frankfort neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 48.2% of its working residents employed in such fields, which is a higher proportion than 98.4% of American neighborhoods.
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 Albion / New Frankfort neighborhood in Austin are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 50.2% of the neighborhoods in America. In addition, 7.8% 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 56.5% 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 Albion / New Frankfort neighborhood, 48.2% 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 30.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (10.7%), and 10.6% in clerical, assistant, and tech support occupations.
The most common language spoken in the Albion / New Frankfort neighborhood is English, spoken by 99.2% of households.
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 Albion / New Frankfort neighborhood in Austin, IN, residents most commonly identify their ethnicity or ancestry as German (13.6%). There are also a number of people of English ancestry (10.8%), and residents who report Irish roots (5.3%), and some of the residents are also of Italian ancestry (2.7%), along with some French ancestry residents (2.5%), 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 Albion / New Frankfort neighborhood spend between 15 and 30 minutes commuting one-way to work (38.1% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (73.9%) 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 (13.5%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.