Howards Mill / Lower Spencer median real estate price is $201,303, which is more expensive than 43.5% of the neighborhoods in Kentucky and 21.8% of the neighborhoods in the U.S.
The average rental price in Howards Mill / Lower Spencer is currently $1,632, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 67.7% of the neighborhoods in Kentucky.
Howards Mill / Lower Spencer is a rural neighborhood (based on population density) located in Mount Sterling, Kentucky.
Howards Mill / Lower Spencer real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Howards Mill / Lower Spencer neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Howards Mill / Lower Spencer has a 13.0% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 72.5% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
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 Howards Mill / Lower Spencer neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
More people work in manufacturing and as laborers here in the Howards Mill / Lower Spencer neighborhood than in 95.5% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.
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 Howards Mill / Lower Spencer 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 76.4% of U.S. neighborhoods. With 23.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 73.3% of U.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 Howards Mill / Lower Spencer neighborhood, 42.2% of the working population is employed in manufacturing and laborer 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 30.0% of the residents employed. Other residents here are employed in executive, management, and professional occupations (19.4%), and 8.4% in clerical, assistant, and tech support occupations.
The most common language spoken in the Howards Mill / Lower Spencer neighborhood is English, spoken by 97.4% of households.
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 Howards Mill / Lower Spencer neighborhood in Mount Sterling, KY, residents most commonly identify their ethnicity or ancestry as English (10.0%). There are also a number of people of French ancestry (4.9%), and residents who report German roots (4.1%), and some of the residents are also of Irish ancestry (4.0%), along with some Asian ancestry residents (2.1%), 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 Howards Mill / Lower Spencer neighborhood spend under 15 minutes commuting one-way to work (42.5% of working residents), one of the shortest commutes across America.
Here most residents (87.4%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.