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Real Estate Prices & Overview

Klondike / City Center median real estate price is $221,914, which is more expensive than 50.4% of the neighborhoods in Kentucky and 25.4% of the neighborhoods in the U.S.

The average rental price in Klondike / City Center is currently $1,125, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 85.8% of Kentucky neighborhoods.

Klondike / City Center is a rural neighborhood (based on population density) located in Mount Sterling, Kentucky.

Klondike / City Center real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Klondike / City Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.

Real estate vacancies in Klondike / City Center are 4.3%, which is lower than one will find in 71.1% of American neighborhoods. Demand for real estate in Klondike / City Center 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 Mount Sterling, the Klondike / City Center neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Of particular note, 2.8% of the people in the Klondike / City Center neighborhood currently reside in a correction facility, held due to punishment for a crime.

Diversity

Did you know that the Klondike / City Center neighborhood has more Welsh ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.2% of this neighborhood's residents have Welsh ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Klondike / City Center neighborhood in Mount Sterling are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 74.9% of U.S. neighborhoods. With 27.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 78.9% 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 Klondike / City Center neighborhood, 31.5% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 30.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (29.2%), and 9.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Klondike / City Center neighborhood is English, spoken by 99.2% 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 Klondike / City Center neighborhood in Mount Sterling, KY, residents most commonly identify their ethnicity or ancestry as English (15.4%). There are also a number of people of Irish ancestry (12.1%), and residents who report German roots (3.5%), and some of the residents are also of Welsh ancestry (2.2%), along with some Danish ancestry residents (1.2%), 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 Klondike / City Center neighborhood spend under 15 minutes commuting one-way to work (53.9% of working residents), one of the shortest commutes across America.

Here most residents (84.1%) 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 (9.1%) . 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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