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Real Estate Prices & Overview

Boatwright / Faxon median real estate price is $170,652, which is less expensive than 66.2% of Kentucky neighborhoods and 83.0% of all U.S. neighborhoods.

The average rental price in Boatwright / Faxon is currently $1,291, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 69.1% of Kentucky neighborhoods.

Boatwright / Faxon is a remote neighborhood (based on population density) located in Murray, Kentucky.

Boatwright / Faxon 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 owner occupied. Many of the residences in the Boatwright / Faxon 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 Boatwright / Faxon. The current real estate vacancy rate here is 16.6%. This is higher than the rate of vacancies in 81.4% 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

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.

Real Estate

One of the notable things about Boatwright / Faxon is that it is one of the quietest neighborhoods in America, according to NeighborhoodScout's exclusive analysis and quantitative rating of quietness. When you are here, you will find it to be very quiet. If quiet and peaceful are your cup of tea, you may have found a great place for you.

Modes of Transportation

Our research reveals that 89.5% of commuters who live in the Boatwright / Faxon neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 95.8% of U.S. neighborhoods.

People

If you're planning where to retire, the Boatwright / Faxon neighborhood in Murray is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in KY, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 86.4% of the neighborhoods in Kentucky. If you are considering retiring to Kentucky, this is a good neighborhood to look at.

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 Boatwright / Faxon neighborhood in Murray are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 73.7% of U.S. neighborhoods. With 11.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 51.9% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Boatwright / Faxon neighborhood, 35.6% 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 31.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (23.1%), and 9.3% in clerical, assistant, and tech support occupations.

Languages

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 Boatwright / Faxon neighborhood is English, spoken by 97.9% of households. Other important languages spoken here include Spanish and Polish.

Ethnicity / Ancestry

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 Boatwright / Faxon neighborhood in Murray, KY, residents most commonly identify their ethnicity or ancestry as English (18.4%). There are also a number of people of German ancestry (12.5%), and residents who report Irish roots (7.7%), and some of the residents are also of French ancestry (3.3%), along with some Mexican ancestry residents (2.7%), 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 Boatwright / Faxon neighborhood spend between 15 and 30 minutes commuting one-way to work (60.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (89.5%) 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 (6.6%) . 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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