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Real Estate Prices & Overview

Derby Downs Rd / Churchill Downs Rd median real estate price is $242,029, which is more expensive than 63.0% of the neighborhoods in Ohio and 34.5% of the neighborhoods in the U.S.

The average rental price in Derby Downs Rd / Churchill Downs Rd is currently $1,404, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 57.3% of Ohio neighborhoods.

Derby Downs Rd / Churchill Downs Rd is a suburban neighborhood (based on population density) located in Newark, Ohio.

Derby Downs Rd / Churchill Downs Rd real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Derby Downs Rd / Churchill Downs Rd neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Derby Downs Rd / Churchill Downs Rd are 4.1%, which is lower than one will find in 74.1% of American neighborhoods. Demand for real estate in Derby Downs Rd / Churchill Downs Rd is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Newark, the Derby Downs Rd / Churchill Downs Rd neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Diversity

Did you know that the Derby Downs Rd / Churchill Downs Rd neighborhood has more Welsh ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.4% of this neighborhood's residents have Welsh 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 Derby Downs Rd / Churchill Downs Rd neighborhood in Newark are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 76.6% of U.S. neighborhoods. In addition, 3.2% 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 71.1% of America'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 Derby Downs Rd / Churchill Downs Rd neighborhood, 36.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer 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 (21.8%), and 15.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Derby Downs Rd / Churchill Downs Rd neighborhood is English, spoken by 98.7% of households. Some people also speak Polish (2.8%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Derby Downs Rd / Churchill Downs Rd neighborhood in Newark, OH, residents most commonly identify their ethnicity or ancestry as German (30.1%). There are also a number of people of Irish ancestry (13.9%), and residents who report English roots (9.2%), and some of the residents are also of Italian ancestry (4.2%), along with some Polish ancestry residents (3.8%), 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 Derby Downs Rd / Churchill Downs Rd neighborhood spend between 15 and 30 minutes commuting one-way to work (35.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (87.4%) 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 (6.8%) . 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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