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Real Estate Prices & Overview

Median real estate price in the City Center of Ashland is $167,736, which is more expensive than 34.6% of the neighborhoods in Kentucky and 16.5% of the neighborhoods in the U.S.

The average rental price in Ashland City Center is currently $1,470, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 42.1% of Kentucky neighborhoods.

Ashland City Center is a rural neighborhood (based on population density) located in Ashland, Kentucky.

Real estate in the City Center of Ashland, KY is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the City Center neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 2000 and the present.

Vacant apartments or homes are a major fact of life in Ashland City Center. The current real estate vacancy rate here is 26.5%. This is higher than the rate of vacancies in 92.9% 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.

Notable & Unique Neighborhood Characteristics

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 Ashland, the City Center neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

One of the most interesting things about the Ashland City Center neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 60.7% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 98.9% of the neighborhoods in America.

In addition, the Ashland City Center neighborhood stands out for having an average per capita income lower than 95.4% of the neighborhoods in the United States.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Ashland City Center neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 60.0% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 96.0% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Modes of Transportation

In the Ashland City Center neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 10.8% of residents here. This is a higher proportion of walking commuters than we found in 95.3% of American neighborhoods. Get ready to put on your walking shoes if you move here!

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 City Center neighborhood in Ashland are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 95.4% of U.S. neighborhoods. With 49.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 93.6% 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 Ashland City Center neighborhood, 46.2% 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 25.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (18.8%), and 9.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Ashland City Center neighborhood is English, spoken by 99.3% of households.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the City Center neighborhood in Ashland, KY, residents most commonly identify their ethnicity or ancestry as English (19.6%). There are also a number of people of German ancestry (11.1%), and residents who report Irish roots (5.4%), and some of the residents are also of Italian ancestry (2.2%), along with some Scottish ancestry residents (2.0%), 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 Ashland City Center neighborhood spend under 15 minutes commuting one-way to work (60.0% of working residents), one of the shortest commutes across America.

Here most residents (77.3%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (10.8%) and 7.3% of residents also carpool with coworkers, friends, or neighbors for their daily commute. 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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