Bug / Cannons Mill median real estate price is $116,828, which is less expensive than 85.0% of Kentucky neighborhoods and 92.6% of all U.S. neighborhoods.
The average rental price in Bug / Cannons Mill is currently $927, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 97.0% of Kentucky neighborhoods.
Bug / Cannons Mill is a remote neighborhood (based on population density) located in Albany, Kentucky.
Bug / Cannons Mill 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 Bug / Cannons Mill 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.
Vacant apartments or homes are a major fact of life in Bug / Cannons Mill. The current real estate vacancy rate here is 25.0%. This is higher than the rate of vacancies in 91.8% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually 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.
Divorcees may find friendship and understanding in this neighborhood, as 23.7% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 98.6% of the neighborhoods in America.
In addition, of note, 54.5% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.
Also, if you're planning where to retire, the Bug / Cannons Mill neighborhood in Albany is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in KY, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 88.7% of the neighborhoods in Kentucky. If you are considering retiring to Kentucky, this is a good neighborhood to look at.
The real estate in this neighborhood consists of more mobile homes than 95.2% of all neighborhoods in America, with 30.4% of the occupied housing here being classified as mobile homes. So if you are looking for a mobile home, or you like the look and feel of mobile home parks, this neighborhood might have the setting you desire.
Did you know that the Bug / Cannons Mill neighborhood has more Scots-Irish and English ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.3% of this neighborhood's residents have Scots-Irish ancestry and 21.2% have English 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 Bug / Cannons Mill neighborhood in Albany are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 90.8% of U.S. neighborhoods. With 54.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 95.5% of U.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 Bug / Cannons Mill neighborhood, 30.2% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 28.8% of the residents employed. Other residents here are employed in executive, management, and professional occupations (28.2%), and 12.5% in clerical, assistant, and tech support occupations.
The most common language spoken in the Bug / Cannons Mill neighborhood is English, spoken by 99.5% of households. Some people also speak Polish (2.0%).
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 Bug / Cannons Mill neighborhood in Albany, KY, residents most commonly identify their ethnicity or ancestry as English (21.2%). There are also a number of people of German ancestry (6.9%), and residents who report Scots-Irish roots (5.3%), and some of the residents are also of Irish ancestry (2.5%), along with some Scottish ancestry residents (1.2%), 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 Bug / Cannons Mill neighborhood spend under 15 minutes commuting one-way to work (52.8% of working residents), one of the shortest commutes across America.
Here most residents (86.0%) 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 (10.8%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.