menu






Real Estate Prices & Overview

Elk Lake Resort / Breck median real estate price is $204,637, which is more expensive than 47.6% of the neighborhoods in Kentucky and 23.7% of the neighborhoods in the U.S.

The average rental price in Elk Lake Resort / Breck is currently $1,050, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 89.1% of Kentucky neighborhoods.

Elk Lake Resort / Breck is a remote neighborhood (based on population density) located in Owenton, Kentucky.

Elk Lake Resort / Breck 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 Elk Lake Resort / Breck neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in Elk Lake Resort / Breck. The current real estate vacancy rate here is 31.0%. This is higher than the rate of vacancies in 95.1% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

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.

Occupations

The Elk Lake Resort / Breck neighborhood has a greater proportion of government workers living in it than 99.7% 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

If you are planning to retire in Kentucky, this neighborhood should be on your must-see list. For many reasons, Elk Lake Resort / Breck may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Kentucky, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 98.7% of neighborhoods in KY. If a Kentucky retirement is in your future, this neighborhood should be one of the places you visit.

Real Estate

Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 31.0% of the residential real estate vacant, the Elk Lake Resort / Breck neighborhood claims the distinction of having a higher vacancy rate than 95.1% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

In addition, one of the notable things about Elk Lake Resort / Breck is that it is one of the quietest neighborhoods in America, according to NeighborhoodScout's exclusive analysis and quantitative rating of quietness. When you are here, you will find it to be very quiet. If quiet and peaceful are your cup of tea, you may have found a great place for you.

Diversity

Did you know that the Elk Lake Resort / Breck neighborhood has more Scottish and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.2% of this neighborhood's residents have Scottish ancestry and 1.9% have Hungarian 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 Elk Lake Resort / Breck neighborhood in Owenton are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 76.1% of U.S. neighborhoods. With 14.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 58.3% of U.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 Elk Lake Resort / Breck neighborhood, 30.9% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is government jobs, whether they are in local, state, or federal positions, with 25.8% of the residents employed. Other residents here are employed in executive, management, and professional occupations (24.9%), and 23.5% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Elk Lake Resort / Breck neighborhood is English, spoken by 99.1% 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 Elk Lake Resort / Breck neighborhood in Owenton, KY, residents most commonly identify their ethnicity or ancestry as German (19.6%). There are also a number of people of Irish ancestry (14.8%), and residents who report English roots (8.1%), and some of the residents are also of Scottish ancestry (5.2%), along with some Hungarian ancestry residents (1.9%), 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 Elk Lake Resort / Breck neighborhood spend between 45 minutes and one hour commuting one-way to work (39.7% of working residents), longer and tougher than most commutes in America.

Here most residents (87.1%) 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.


Real Estate includes:
Average Home Values
Rental Market
Housing Market Details
Neighborhood Setting
Economics & Demographics include:
Lifestyle & Special Character
Household Types
Commute To Work
Migration & Mobility
Race & Ethnic Diversity
Employment Industries & Occupations
Income & Unemployment Rate
Higher Education Attainment
Crime includes:
Neighborhood Crime Index
Crimes Per Square Mile
Property Crime Comparison
Violent Crime Comparison
Schools include:
School Ratings
Schools In District
Public School Test Scores
School District Enrollment
Educational Expenditures

comparable neighborhoods nearby