Oak Hill median real estate price is $237,467, which is more expensive than 55.9% of the neighborhoods in Kentucky and 28.2% of the neighborhoods in the U.S.
The average rental price in Oak Hill is currently $1,381, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 58.7% of Kentucky neighborhoods.
Oak Hill is a rural neighborhood (based on population density) located in Somerset, Kentucky.
Oak Hill real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Oak Hill 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.
Home and apartment vacancy rates are 9.1% in Oak Hill. NeighborhoodScout analysis shows that this rate is lower than 42.5% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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 Somerset, the Oak Hill neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Our research reveals that 94.0% of commuters who live in the Oak Hill neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 99.2% of U.S. neighborhoods.
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 Oak Hill neighborhood in Somerset are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 75.3% of U.S. neighborhoods. With 19.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 68.2% of U.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 Oak Hill neighborhood, 29.1% 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 26.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (25.2%), and 19.4% in manufacturing and laborer occupations.
The most common language spoken in the Oak Hill neighborhood is English, spoken by 97.6% of households.
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 Oak Hill neighborhood in Somerset, KY, residents most commonly identify their ethnicity or ancestry as German (14.1%). There are also a number of people of English ancestry (11.1%), and residents who report Irish roots (9.1%), and some of the residents are also of Mexican ancestry (2.3%), along with some Asian ancestry residents (2.2%), 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 Oak Hill neighborhood spend under 15 minutes commuting one-way to work (50.3% of working residents), one of the shortest commutes across America.
Here most residents (94.0%) 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.