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Real Estate Prices & Overview

River Trail Dr / Arbor Oak Dr median real estate price is $294,721, which is more expensive than 67.9% of the neighborhoods in Kentucky and 38.2% of the neighborhoods in the U.S.

The average rental price in River Trail Dr / Arbor Oak Dr is currently $2,598, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 97.1% of the neighborhoods in Kentucky.

River Trail Dr / Arbor Oak Dr is a suburban neighborhood (based on population density) located in Louisville, Kentucky.

River Trail Dr / Arbor Oak Dr real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the River Trail Dr / Arbor Oak Dr neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 8.9% in River Trail Dr / Arbor Oak Dr. NeighborhoodScout analysis shows that this rate is lower than 43.2% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Diversity

Did you know that the River Trail Dr / Arbor Oak Dr neighborhood has more Cuban and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.3% of this neighborhood's residents have Cuban ancestry and 5.5% have Arab 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 River Trail Dr / Arbor Oak Dr neighborhood in Louisville are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 73.9% of the neighborhoods in America. With 16.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 63.8% 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 River Trail Dr / Arbor Oak Dr neighborhood, 36.5% 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 36.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (13.8%), and 13.5% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the River Trail Dr / Arbor Oak Dr neighborhood is English, spoken by 79.9% of households. Some people also speak Spanish (15.2%).

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 River Trail Dr / Arbor Oak Dr neighborhood in Louisville, KY, residents most commonly identify their ethnicity or ancestry as English (14.0%). There are also a number of people of German ancestry (10.9%), and residents who report Irish roots (10.2%), and some of the residents are also of Cuban ancestry (6.3%), along with some Mexican ancestry residents (5.6%), among others. In addition, 12.2% of the residents of this neighborhood were born in another country.

Getting to Work

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 River Trail Dr / Arbor Oak Dr 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 (71.9%) 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 (13.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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