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Real Estate Prices & Overview

Park Hill median real estate price is $45,456, which is less expensive than 98.9% of Kentucky neighborhoods and 99.2% of all U.S. neighborhoods.

The average rental price in Park Hill is currently $1,730, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 74.1% of the neighborhoods in Kentucky.

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

Park Hill 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 Park Hill neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in Park Hill. 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.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (22.9% ride the bus) than 99.1% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Also, in the Park Hill neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 29.3% of commuters carpool here, which is more than in 98.7% of all U.S. neighborhoods.

Occupations

There are more people living in the Park Hill neighborhood employed as sales and service workers (59.9%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

People

The Park Hill neighborhood is unique for having just 5.9% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 96.4% of America's neighborhoods.

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 Park Hill 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.

Diversity

Did you know that the Park Hill neighborhood has more African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 8.8% of this neighborhood's residents have African ancestry.

Park Hill is also pretty special linguistically. Significantly, 4.8% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 98.6% of the neighborhoods in America.

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 Park Hill neighborhood in Louisville are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 91.0% of U.S. neighborhoods. With 19.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 68.1% 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 Park Hill neighborhood, 40.1% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 23.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (21.6%), and 15.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Park Hill neighborhood is English, spoken by 98.1% of households. Some people also speak African languages (4.8%).

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 Park Hill neighborhood in Louisville, KY, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (8.8%). There are also a number of people of African ancestry (8.8%), and residents who report German roots (1.7%), and some of the residents are also of Dutch ancestry (1.7%), along with some Irish ancestry residents (1.2%), 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 Park Hill neighborhood spend between 15 and 30 minutes commuting one-way to work (45.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (35.1%) 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 (29.3%) and 22.9% of residents also ride the bus for their daily commute. 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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