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.
Notable & Unique: Diversity
Did you know that the Tates Creek Rd / Federal Dr neighborhood has more
Romanian and Russian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 6.6% of
this neighborhood's residents have Romanian ancestry and 5.3% have Russian ancestry.
Tates Creek Rd / Federal Dr is also pretty special linguistically. Significantly, 1.0% of its residents five years old and above primarily
speak Greek at home. While this may seem like a small percentage, it is higher
than 97.3% of the neighborhoods in America.
Notable & Unique: People
A majority of the adults in the Tates Creek Rd / Federal Dr neighborhood
are wealthy and educated executives. They own stately
homes that tend to maintain high real estate appreciation rates. Their
upper-level careers keep them busy, but allow them to live comfortably.
If you're an executive and want to keep similar company, consider settling
in this neighborhood, rated as an executive lifestyle
"best choice" neighborhood for Kentucky by NeighborhoodScout's analysis,
which rated it as better for executive lifestyles than 98.8%
of the neighborhoods in Kentucky.
In addition to being an excellent choice for highly educated executives, this
neighborhood is also a very good choice for families with school-aged children and urban sophisticates.
In addition, wealth makes most things in life easier, and a few things harder.
If you are wealthy and enjoy keeping up with the Jones', this neighborhood
will interest you. In fact, according to NeighborhoodScout's research,
the Tates Creek Rd / Federal Dr neighborhood is wealthier than 97.9%
of the neighborhoods in the United States. Residents here are truly in
a unique situation even when compared to other Americans, based on the
sheer amount of wealth concentrated here. Even in times of economic
downturn, residents of this neighborhood, as a group, suffered less
and recovered more quickly. This is indeed a stand-out characteristic
of this neighborhood.
Notable & Unique: Modes of Transportation
Our research reveals that 94.7% of commuters who live in the
Tates Creek Rd / Federal Dr neighborhood get to work each day by driving
alone in their automobiles, which is a higher proportion than
97.5% of U.S. neighborhoods.
Notable & Unique: Real Estate
In addition, one way that the Tates Creek Rd / Federal Dr neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 98.7% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
Furthermore, this neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 1.2% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Tates Creek Rd / Federal Dr neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.