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Real Estate Prices & Overview

W Park Ave / S Washington St median real estate price is $158,160, which is more expensive than 30.2% of the neighborhoods in Indiana and 15.5% of the neighborhoods in the U.S.

The average rental price in W Park Ave / S Washington St is currently $1,369, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 55.0% of Indiana neighborhoods.

W Park Ave / S Washington St is a suburban neighborhood (based on population density) located in Kokomo, Indiana.

W Park Ave / S Washington St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 W Park Ave / S Washington St 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 2000 and the present.

W Park Ave / S Washington St has a 13.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 74.8% 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.

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 Kokomo, the W Park Ave / S Washington St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

With 2.7% of employed workers living in the W Park Ave / S Washington St neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 97.3% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

People

Divorcees may find friendship and understanding in this neighborhood, as 21.2% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 96.9% of the neighborhoods in America.

Diversity

Significantly, 6.3% of its residents five years old and above primarily speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher than 99.9% of the neighborhoods in America.

Migration / Stability

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 W Park Ave / S Washington St neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 95.1% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

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 W Park Ave / S Washington St neighborhood in Kokomo are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 91.9% of U.S. neighborhoods. With 17.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 64.7% 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 W Park Ave / S Washington St neighborhood, 39.8% of the working population is employed in manufacturing and laborer 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 33.3% of the residents employed. Other residents here are employed in executive, management, and professional occupations (15.6%), and 10.4% 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 W Park Ave / S Washington St neighborhood is English, spoken by 89.4% of households. Other important languages spoken here include Mon-Khmer (the dominant language of Cambodia), Italian, Polish and Spanish.

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 W Park Ave / S Washington St neighborhood in Kokomo, IN, residents most commonly identify their ethnicity or ancestry as English (7.7%). There are also a number of people of German ancestry (6.8%), and residents who report Asian roots (6.3%), and some of the residents are also of Mexican ancestry (5.9%), along with some Sub-Saharan African ancestry residents (4.3%), 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 W Park Ave / S Washington St neighborhood spend under 15 minutes commuting one-way to work (50.7% of working residents), one of the shortest commutes across America.

Here most residents (80.2%) 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 (16.8%) . 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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