Cardinal Valley median real estate price is $180,704, which is more expensive than 33.6% of the neighborhoods in Kentucky and 16.5% of the neighborhoods in the U.S.
The average rental price in Cardinal Valley is currently $1,156, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 72.8% of Kentucky neighborhoods.
Cardinal Valley is an urban neighborhood (based on population density) located in Lexington, Kentucky.
Cardinal Valley 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Cardinal Valley neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Real estate vacancies in Cardinal Valley are 3.3%, which is lower than one will find in 77.3% of American neighborhoods. Demand for real estate in Cardinal Valley is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
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 Lexington, the Cardinal Valley neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
There are more people living in the Cardinal Valley neighborhood employed as sales and service workers (57.1%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.
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 Cardinal Valley neighborhood in Lexington are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 90.1% of U.S. neighborhoods. With 46.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 92.8% 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 Cardinal Valley neighborhood, 42.9% 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 manufacturing and laborer occupations, with 30.8% of the residents employed. Other residents here are employed in executive, management, and professional occupations (17.6%), and 6.3% in clerical, assistant, and tech support occupations.
The most common language spoken in the Cardinal Valley neighborhood is English, spoken by 67.8% of households. Some people also speak Spanish (30.6%).
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 Cardinal Valley neighborhood in Lexington, KY, residents most commonly identify their ethnicity or ancestry as Mexican (20.7%). There are also a number of people of English ancestry (8.4%), and residents who report German roots (6.7%), and some of the residents are also of Italian ancestry (6.4%), along with some Puerto Rican ancestry residents (3.2%), among others. In addition, 19.2% of the residents of this neighborhood were born in another country.
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 Cardinal Valley neighborhood spend under 15 minutes commuting one-way to work (35.9% of working residents), one of the shortest commutes across America.
Here most residents (82.4%) 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 (10.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.