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Real Estate Prices & Overview

Median real estate price in the City Center of Franklin is $277,236, which is more expensive than 60.4% of the neighborhoods in Kentucky and 36.5% of the neighborhoods in the U.S.

The average rental price in Franklin City Center is currently $1,583, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 69.1% of the neighborhoods in Kentucky.

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

Real estate in the City Center of Franklin, KY 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 occupied by a mixture of owners and renters. Many of the residences in the City Center 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.

In Franklin City Center, the current vacancy rate is 2.2%, which is a lower rate of vacancies than 85.5% of all neighborhoods in the U.S. This means that the housing supply in Franklin City Center is very tight compared to the demand for property here.

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.

Occupations

More people work in manufacturing and as laborers here in the Franklin City Center neighborhood than in 96.9% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Franklin City Center neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Franklin City Center neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 60.6% 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 96.3% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Diversity

Did you know that the Franklin City Center neighborhood has more Scottish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.1% of this neighborhood's residents have Scottish ancestry.

The Neighbors

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 City Center neighborhood in Franklin are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 42.0% of the neighborhoods in America. With 10.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 50.3% 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 Franklin City Center neighborhood, 44.4% 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 22.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.7%), and 15.7% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Franklin City Center neighborhood is English, spoken by 99.1% 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 Franklin, KY, residents most commonly identify their ethnicity or ancestry as English (20.2%). There are also a number of people of German ancestry (13.2%), and residents who report Irish roots (12.0%), and some of the residents are also of Scottish ancestry (6.1%), along with some French ancestry residents (2.3%), among others.

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 Franklin City Center neighborhood spend under 15 minutes commuting one-way to work (60.6% of working residents), one of the shortest commutes across America.

Here most residents (76.4%) 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 (20.5%) . 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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