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Real Estate Prices & Overview

Elk Lake Resort / Breck median real estate price is $201,089, which is more expensive than 51.4% of the neighborhoods in Kentucky and 25.8% of the neighborhoods in the U.S.

The average rental price in Elk Lake Resort / Breck is currently $1,268, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 69.1% of Kentucky neighborhoods.

Elk Lake Resort / Breck is a rural 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 32.8%. This is higher than the rate of vacancies in 95.4% 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.

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 99.2% of neighborhoods in KY. If a Kentucky retirement is in your future, this neighborhood should be one of the places you visit.

Occupations

The Elk Lake Resort / Breck neighborhood has a greater proportion of government workers living in it than 98.9% 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.

Modes of Transportation

Our research reveals that 92.1% of commuters who live in the Elk Lake Resort / Breck neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 97.5% of U.S. neighborhoods.

Real Estate

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.

In addition, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 32.8% of the residential real estate vacant, the Elk Lake Resort / Breck neighborhood claims the distinction of having a higher vacancy rate than 95.4% 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.

Diversity

Did you know that the Elk Lake Resort / Breck neighborhood has more Croatian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.1% of this neighborhood's residents have Croatian 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 81.1% of U.S. neighborhoods. With 38.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 87.8% 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 Elk Lake Resort / Breck neighborhood, 29.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 26.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (23.5%), and 20.4% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Elk Lake Resort / Breck neighborhood is English, spoken by 98.8% of households.

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 Elk Lake Resort / Breck neighborhood in Owenton, KY, residents most commonly identify their ethnicity or ancestry as German (21.0%). There are also a number of people of Irish ancestry (17.7%), and residents who report English roots (9.1%), and some of the residents are also of Italian ancestry (2.5%), along with some Scots-Irish ancestry residents (1.6%), among others.

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 Elk Lake Resort / Breck neighborhood spend between 45 minutes and one hour commuting one-way to work (37.9% of working residents), longer and tougher than most commutes in America.

Here most residents (92.1%) 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.


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