Lakeview Heights / Farmers median real estate price is $236,380, which is more expensive than 55.0% of the neighborhoods in Kentucky and 28.0% of the neighborhoods in the U.S.
The average rental price in Lakeview Heights / Farmers is currently $1,284, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 69.9% of Kentucky neighborhoods.
Lakeview Heights / Farmers is a rural neighborhood (based on population density) located in Morehead, Kentucky.
Lakeview Heights / Farmers 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 renter occupied. Many of the residences in the Lakeview Heights / Farmers 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 Lakeview Heights / Farmers. The current real estate vacancy rate here is 18.1%. This is higher than the rate of vacancies in 84.0% 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.
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 Morehead, the Lakeview Heights / Farmers neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
If you are planning to retire in Kentucky, this neighborhood should be on your must-see list. For many reasons, Lakeview Heights / Farmers may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Kentucky, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 98.2% of neighborhoods in KY. If a Kentucky retirement is in your future, this neighborhood should be one of the places you visit.
Did you know that the Lakeview Heights / Farmers neighborhood has more Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 21.9% of this neighborhood's residents have Irish ancestry.
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 Lakeview Heights / Farmers neighborhood in Morehead are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 65.9% of U.S. neighborhoods. In addition, 6.2% 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 61.1% 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 Lakeview Heights / Farmers neighborhood, 47.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 24.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.7%), and 12.6% in manufacturing and laborer occupations.
The most common language spoken in the Lakeview Heights / Farmers neighborhood is English, spoken by 97.0% 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 Lakeview Heights / Farmers neighborhood in Morehead, KY, residents most commonly identify their ethnicity or ancestry as Irish (21.9%). There are also a number of people of German ancestry (15.8%), and residents who report English roots (11.9%), and some of the residents are also of Asian ancestry (1.6%), along with some Puerto Rican ancestry residents (1.4%), 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 Lakeview Heights / Farmers neighborhood spend under 15 minutes commuting one-way to work (52.6% of working residents), one of the shortest commutes across America.
Here most residents (86.9%) 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 (9.5%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.