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Real Estate Prices & Overview

Watterson Park median real estate price is $246,045, which is more expensive than 58.7% of the neighborhoods in Kentucky and 29.9% of the neighborhoods in the U.S.

The average rental price in Watterson Park is currently $1,758, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 76.4% of the neighborhoods in Kentucky.

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

Watterson Park real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Watterson Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Watterson Park are 5.2%, which is lower than one will find in 65.5% of American neighborhoods. Demand for real estate in Watterson Park 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

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.

People

Astoundingly, the Watterson Park neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 95.5% of U.S. neighborhoods. This may be because people living here divorce more often than others, or that divorced people move here after they become divorced. If you are divorced, you will be in good company in this particular Louisville neighborhood.

Diversity

Did you know that the Watterson Park neighborhood has more Yugoslav and African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.4% of this neighborhood's residents have Yugoslav ancestry and 5.9% have African 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 Watterson Park neighborhood in Louisville are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 41.1% of the neighborhoods in America. With 18.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 66.6% 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 Watterson Park neighborhood, 35.2% 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 32.3% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (22.1%), and 10.4% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Watterson Park neighborhood is English, spoken by 84.5% of households. Some people also speak Spanish (11.8%).

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 Watterson Park neighborhood in Louisville, KY, residents most commonly identify their ethnicity or ancestry as Irish (11.6%). There are also a number of people of Mexican ancestry (9.1%), and residents who report Sub-Saharan African roots (8.1%), and some of the residents are also of English ancestry (7.1%), along with some African ancestry residents (5.9%), among others. In addition, 11.5% of the residents of this neighborhood were born in another country.

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 Watterson Park neighborhood spend between 15 and 30 minutes commuting one-way to work (60.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (85.0%) 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 (5.5%) . 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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