This is a small community in a single neighborhood.
As throughout the site, some neighborhood-level data are reserved for subscribers.
What do we mean by a neighborhood?
NeighborhoodScout® uses the official government designation for neighborhoods - the census tract.
Census tracts are small, relatively permanent subdivisions of a county that are defined by the U.S. Census Bureau in conjunction with local authorities all across the country to define real neighborhoods that are bounded to contain areas with homogeneous population characteristics (including economic status, lifestyle, and living conditions). Census tracts usually have 4,000 persons, but can range between 1,500 and 8,000 persons. This is the most fine-grained area for which detailed information is made available from the government, to protect the individual privacy of each of us. Because census tracts are based on population, they vary in size depending on the density of settlement. In urban areas, they are small, and in rural areas they can cover an entire small town or even a few small towns in very rural areas.
Since census tracts are subdivisions of a county, we did a spatial overlay of the census tracts onto city and town boundaries using a geographic information system to properly assign each census tract to its appropriate city or town. Then we named each census tract to the local colloquially recognized neighborhood name for that spot (e.g., Boston, MA (Dorchester). If there was not a name available, we named the census tract by the largest street intersection in the census tract (e.g., Worcester, MA (Lincoln St/Plantation St)
Why we don't use Zip Codes as neighborhoods
Zip codes were developed by the Postal Service for the purpose of delivering mail, but were never intended to define coherent neighborhoods. In addition, Zip Codes can have as many as 10 distinctly different census tracts contained within them. When distinct census tracts are blended together in a single Zip Code, the data reflects their average conditions and often gives a false sense of the area. The result is that potentially great matching neighborhoods can be missed, and erroneous matches can also be produced and delivered to you.
Using census tracts makes great matches possible, and helps people find the areas that are best for them and their families. Because we are committed to providing the highest possible quality and finding the neighborhoods that best meet your criteria, we use census tracts. And, as always, we show you the actual street map of the neighborhood so you know exactly where your best matching neighborhood is located.
What is a Condition Alert?
A condition alert is a condition in the neighborhood that triggers an alert. NeighborhoodScout contains condition alerts to highlight conditions that are extreme, whether good or bad. This helps answer crucial questions about the state of the neighborhood being evaluated, such as:
What are the risks of violent crime here?
Is the risk of home break-ins or other property crimes increasing?
Does real estate here hold its value?
Are the trends in local vacancies or unemployment concerning?
...and dozens more.
Information at a glance that you need to know to invest, appraise or finance a property.
Fancy Farm is a tiny town located in the state of Kentucky. With a population of 403 people and just one neighborhood, Fancy Farm is the 337th largest community in Kentucky.
Occupations and Workforce
Unlike some towns, Fancy Farm isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Fancy Farm are a mix of both white- and blue-collar jobs. Overall, Fancy Farm is a town of professionals, service providers, and transportation and shipping workers. There are especially a lot of people living in Fancy Farm who work in community and social services (25.64%), healthcare suport services (20.51%), and management occupations (8.55%).
Setting & Lifestyle
The overall crime rate in Fancy Farm is one of the lowest in the US. This makes it one of the safer places to live in the country in terms of crime.
The town is relatively quiet, having a combination of lower population density and few of those groups of people who have a tendency to be noisy. For example, Fancy Farm has relatively fewer families with younger children, and/or college students. Combined, this makes Fancy Farm a pretty quiet place to live overall. If you like quiet, you will probably enjoy it here.
One downside of living in Fancy Farm, however, is that residents on average have to contend with a long commute, spending on average 35.16 minutes every day commuting to work.
Fancy Farm is a very car-oriented town. 100.00% of residents commute to work in a private automobile rather than by other means, such as public transit, bicycling, or walking. This is because Fancy Farm is a small town , and most people who live here have to drive out of town for work, and the town population is not large nor dense enough to support an extensive public transportation system. Fancy Farm has a lot of rural roads, and houses can be far apart. Many residents drive out of town for regular shopping trips as well.
As is often the case in a small town, Fancy Farm doesn't have a public transportation system that people use for their commute.
Demographics
In terms of college education, Fancy Farm is nearly on par with the US average for all cities of 21.84%: 17.06% of adults 25 and older in Fancy Farm have a bachelor's degree or advanced degree.
The per capita income in Fancy Farm in 2022 was $26,605, which is middle income relative to Kentucky, and lower middle income relative to the rest of the US. This equates to an annual income of $106,420 for a family of four. However, Fancy Farm contains both very wealthy and poor people as well.
The people who call Fancy Farm home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Fancy Farm residents report their race to be White, followed by Black or African-American. Important ancestries of people in Fancy Farm include English, German, Italian, Irish, and Romanian.
The most common language spoken in Fancy Farm is English. Other important languages spoken here include Polish and Langs. of India.
Notable & Unique Neighborhood Characteristics
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.
People
The neighborhood is a great option for families, as revealed by NeighborhoodScout's research on this neighborhood. The combination of top public schools, low crime rates, and owner-occupied single family homes, make this neighborhood among the top 6.6% of family-friendly neighborhoods in the state of Kentucky. Many other families also live here, making it easy to socialize and develop a sense of community. In addition, families here highly value education, as is reflected by the strength of the local schools. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for college students.
Diversity
Did you know that the neighborhood has more English ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 20.3% of this neighborhood's residents have English ancestry.
The Neighbors
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 neighborhood in Fancy Farm are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 64.1% of U.S. neighborhoods. In addition, 4.8% 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 65.2% of America'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 neighborhood, 45.8% 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 26.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (14.3%), and 12.9% in clerical, assistant, and tech support occupations.
Languages
The most common language spoken in the neighborhood is English, spoken by 95.5% of households. Some people also speak Spanish (2.1%).
Ethnicity / Ancestry
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 neighborhood in Fancy Farm, KY, residents most commonly identify their ethnicity or ancestry as English (20.3%). There are also a number of people of Irish ancestry (10.0%), and residents who report German roots (4.7%), and some of the residents are also of Italian ancestry (4.1%), along with some Scottish ancestry residents (2.9%), among others.
Getting to Work
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 neighborhood spend between 15 and 30 minutes commuting one-way to work (32.3% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (84.2%) 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.
SCOUT’s patented match algorithm identifies the most similar neighborhoods to a subject location, and quantifies the similarity to the subject location. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research.
The algorithm uses 273 neighborhood conditions, identifies the dominant dimensions underlying the conditions and calculates the similarity. This captures the true culture and character of locations, economic conditions, and trends.
The closer to 100% means the locations are nearly identical. 80% is a very good, but not excellent match, and so forth.
