University of Louisville median real estate price is $606,403, which is more expensive than 97.3% of the neighborhoods in Kentucky and 75.1% of the neighborhoods in the U.S.
The average rental price in University of Louisville is currently $1,529, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 41.5% of Kentucky neighborhoods.
University of Louisville is an urban neighborhood (based on population density) located in Louisville, Kentucky.
University of Louisville real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the University of Louisville neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.
University of Louisville has a 10.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 62.7% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
An extraordinary 71.2% of the residents of the University of Louisville neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.
In addition, the University of Louisville neighborhood stands out for having an average per capita income lower than 97.2% of the neighborhoods in the United States. Also of note, 81.3% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.
Also, the University of Louisville neighborhood stands out within Kentucky for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 5.1% of college-friendly places to live in KY.
In the University of Louisville 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 26.3% of residents here. This is a higher proportion of walking commuters than we found in 98.8% of American neighborhoods. Get ready to put on your walking shoes if you move here!
96.4% of the real estate in the University of Louisville neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the University of Louisville neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 97.0% of all American neighborhoods.
Furthermore, with 1.5% of employed workers living in the University of Louisville neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 95.1% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the University of Louisville neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.0% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
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 University of Louisville neighborhood in Louisville are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 97.2% of U.S. neighborhoods. With 81.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.4% 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 University of Louisville neighborhood, 40.8% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 22.6% of the residents employed. Other residents here are employed in executive, management, and professional occupations (22.1%), and 14.4% in manufacturing and laborer occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the University of Louisville neighborhood is English, spoken by 92.4% of households. Other important languages spoken here include Spanish and Polish.
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 University of Louisville neighborhood in Louisville, KY, residents most commonly identify their ethnicity or ancestry as German (20.7%). There are also a number of people of Irish ancestry (16.3%), and residents who report English roots (12.3%), and some of the residents are also of Polish ancestry (4.4%), along with some Italian ancestry residents (4.2%), 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 University of Louisville neighborhood spend under 15 minutes commuting one-way to work (46.6% of working residents), one of the shortest commutes across America.
Here most residents (47.7%) 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 (26.3%) and 10.2% 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.