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Real Estate Prices & Overview

East median real estate price is $403,390, which is more expensive than 90.3% of the neighborhoods in Kentucky and 61.2% of the neighborhoods in the U.S.

The average rental price in East is currently $2,552, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 98.1% of the neighborhoods in Kentucky.

East is a suburban neighborhood (based on population density) located in Louisville, Kentucky.

East real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the East neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In East, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in East is very tight compared to the demand for property here.

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.

Real Estate

Owner-occupied real estate dominates the East neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 99.5% of neighborhoods in America. This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the East 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.

In addition, if you like the look and ambience of new homes and newly built neighborhoods, you will love the East neighborhood. A whopping 77.0% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 97.2% of the neighborhoods in the U.S. Everything here just feels new.

People

Priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the East neighborhood may actually hold the key. 70.9% of its residents are married, which is a higher percentage than is found in 98.1% of the neighborhoods in America.

In addition, according to NeighborhoodScout's exclusive analysis, East is among the best neighborhoods for families in Kentucky. In fact, this neighborhood is more family-friendly than 96.8% of neighborhoods in the entire state of Kentucky. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the East neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for highly educated executives and urban sophisticates.

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 East neighborhood in Louisville are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 92.7% of the neighborhoods in America. In addition, 1.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 78.9% of America'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 East neighborhood, 62.6% of the working population is employed in executive, management, and professional 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 15.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (13.2%), and 7.8% in manufacturing and laborer occupations.

Languages

The most common language spoken in the East neighborhood is English, spoken by 89.9% of households. Some people also speak Spanish (2.4%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the East neighborhood in Louisville, KY, residents most commonly identify their ethnicity or ancestry as German (24.3%). There are also a number of people of Irish ancestry (15.9%), and residents who report English roots (12.5%), and some of the residents are also of Asian ancestry (8.7%), along with some Italian ancestry residents (4.4%), 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 East neighborhood spend between 15 and 30 minutes commuting one-way to work (53.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (78.3%) 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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