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Real Estate Prices & Overview

Elmville / Peaks Mill median real estate price is $295,596, which is more expensive than 69.5% of the neighborhoods in Kentucky and 39.8% of the neighborhoods in the U.S.

The average rental price in Elmville / Peaks Mill is currently $1,708, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 76.6% of the neighborhoods in Kentucky.

Elmville / Peaks Mill is a remote neighborhood (based on population density) located in Frankfort, Kentucky.

Elmville / Peaks Mill 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 Elmville / Peaks Mill neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Elmville / Peaks Mill has a 10.6% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 64.0% 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 Frankfort, the Elmville / Peaks Mill neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

The Elmville / Peaks Mill neighborhood has a greater proportion of government workers living in it than 96.5% of the neighborhoods in America, according to NeighborhoodScout's exclusive analysis. This is a unique feature of this neighborhood, and one that shapes its character.

People

The Elmville / Peaks Mill 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 7.4% of college-friendly places to live in KY.

Diversity

Did you know that the Elmville / Peaks Mill neighborhood has more English and Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 23.8% of this neighborhood's residents have English ancestry and 22.0% have Irish ancestry.

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 Elmville / Peaks Mill neighborhood in Frankfort are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 66.8% of the neighborhoods in America. With 14.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 58.7% 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 Elmville / Peaks Mill neighborhood, 40.6% 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 26.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.1%), and 14.2% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Elmville / Peaks Mill neighborhood is English, spoken by 98.9% of households.

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 Elmville / Peaks Mill neighborhood in Frankfort, KY, residents most commonly identify their ethnicity or ancestry as English (23.8%). There are also a number of people of Irish ancestry (22.0%), and residents who report German roots (20.3%), and some of the residents are also of Italian ancestry (4.1%), along with some Norwegian ancestry residents (1.7%), 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 Elmville / Peaks Mill neighborhood spend between 15 and 30 minutes commuting one-way to work (55.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (81.6%) drive alone in a private automobile to get to work. 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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Schools include:
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