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Real Estate Prices & Overview

Bernstadt / Billows median real estate price is $181,290, which is more expensive than 39.3% of the neighborhoods in Kentucky and 19.4% of the neighborhoods in the U.S.

The average rental price in Bernstadt / Billows is currently $1,041, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 90.3% of Kentucky neighborhoods.

Bernstadt / Billows is a remote neighborhood (based on population density) located in London, Kentucky.

Bernstadt / Billows 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 Bernstadt / Billows 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.

Bernstadt / Billows has a 11.5% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 67.8% 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

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

Divorcees may find friendship and understanding in this neighborhood, as 24.0% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 98.7% of the neighborhoods in America.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Bernstadt / Billows neighborhood buck this trend. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 37.9% of the households here have four, five, or more cars. That is more cars per household than in 97.4% of the neighborhoods in the nation.

Real Estate

The real estate in this neighborhood consists of more mobile homes than 95.6% of all neighborhoods in America, with 31.6% of the occupied housing here being classified as mobile homes. So if you are looking for a mobile home, or you like the look and feel of mobile home parks, this neighborhood might have the setting you desire.

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. More residents of the Bernstadt / Billows neighborhood live here today that also were living in this same neighborhood five years ago than is found in 97.6% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.

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 Bernstadt / Billows neighborhood in London are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 75.6% of U.S. neighborhoods. With 11.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 52.8% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Bernstadt / Billows neighborhood, 28.2% 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 27.4% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (22.6%), and 20.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Bernstadt / Billows neighborhood is English, spoken by 99.3% 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 Bernstadt / Billows neighborhood in London, KY, residents most commonly identify their ethnicity or ancestry as English (13.8%). There are also a number of people of Irish ancestry (8.7%), and residents who report German roots (4.4%), and some of the residents are also of French ancestry (3.3%).

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 Bernstadt / Billows neighborhood spend between 15 and 30 minutes commuting one-way to work (48.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (84.2%) 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 (8.0%) . 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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