Elmville / Peaks Mill median real estate price is $267,568, which is more expensive than 61.3% of the neighborhoods in Kentucky and 32.0% of the neighborhoods in the U.S.
The average rental price in Elmville / Peaks Mill is currently $1,354, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 50.4% of Kentucky neighborhoods.
Elmville / Peaks Mill is a remote neighborhood (based on population density) located in Frankfort, Kentucky.
Elmville / Peaks 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 Elmville / Peaks 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.
Elmville / Peaks Mill has a 9.8% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 62.3% 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.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Frankfort, the Elmville / Peaks Mill neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Elmville / Peaks Mill neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 15.9% of its workforce, this neighborhood has a greater concentration of government workers than 97.7% of U.S. neighborhoods.
If you're planning where to retire, the Elmville / Peaks Mill neighborhood in Frankfort 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 88.6% of the neighborhoods in Kentucky. If you are considering retiring to Kentucky, this is a good neighborhood to look at.
Did you know that the Elmville / Peaks Mill neighborhood has more English ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 26.7% of this neighborhood's residents have English ancestry.
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Elmville / Peaks Mill neighborhood. More residents of the Elmville / Peaks Mill neighborhood live here today that also were living in this same neighborhood five years ago than is found in 97.5% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.
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 Elmville / Peaks Mill neighborhood in Frankfort are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 55.7% of the neighborhoods in America. With 13.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 57.7% 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 Elmville / Peaks Mill neighborhood, 45.5% 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 22.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (16.5%), and 15.9% in government jobs, whether they are in local, state, or federal positions.
The most common language spoken in the Elmville / Peaks Mill neighborhood is English, spoken by 98.6% 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 Elmville / Peaks Mill neighborhood in Frankfort, KY, residents most commonly identify their ethnicity or ancestry as English (26.7%). There are also a number of people of Irish ancestry (17.4%), and residents who report German roots (15.2%), and some of the residents are also of Italian ancestry (3.0%), along with some Norwegian ancestry residents (1.4%), 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 Elmville / Peaks Mill neighborhood spend between 15 and 30 minutes commuting one-way to work (46.5% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (75.4%) 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 (6.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.