Tanbark median real estate price is $401,300, which is more expensive than 80.8% of the neighborhoods in Kentucky and 52.2% of the neighborhoods in the U.S.
The average rental price in Tanbark is currently $1,618, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 72.2% of the neighborhoods in Kentucky.
Tanbark is an urban neighborhood (based on population density) located in Lexington, Kentucky.
Tanbark real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Tanbark neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Real estate vacancies in Tanbark are 3.3%, which is lower than one will find in 77.2% of American neighborhoods. Demand for real estate in Tanbark 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.
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 Lexington, the Tanbark neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
In a nation where 1 out of every 4 children lives in poverty, the Tanbark neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Tanbark neighborhood. In the Tanbark neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 95.2% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
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 Tanbark neighborhood in Lexington are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 86.1% of U.S. neighborhoods. In addition, 0.0% 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 100.0% of America'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 Tanbark neighborhood, 43.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 22.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (18.2%), and 15.7% in clerical, assistant, and tech support occupations.
The most common language spoken in the Tanbark neighborhood is English, spoken by 93.5% of households.
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 Tanbark neighborhood in Lexington, KY, residents most commonly identify their ethnicity or ancestry as German (22.0%). There are also a number of people of Irish ancestry (12.3%), and residents who report English roots (11.2%), and some of the residents are also of Italian ancestry (4.3%), along with some French ancestry residents (3.1%), among others.
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 Tanbark neighborhood spend between 15 and 30 minutes commuting one-way to work (48.1% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (84.5%) 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 (11.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.