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Real Estate Prices & Overview

Balltown / Liberty median real estate price is $83,897, which is less expensive than 94.1% of Kentucky neighborhoods and 97.0% of all U.S. neighborhoods.

The average rental price in Balltown / Liberty is currently $723, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 99.2% of Kentucky neighborhoods.

Balltown / Liberty is a rural neighborhood (based on population density) located in Williamsburg, Kentucky.

Balltown / Liberty 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 renter occupied. Many of the residences in the Balltown / Liberty neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in Balltown / Liberty. The current real estate vacancy rate here is 16.1%. This is higher than the rate of vacancies in 80.4% 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

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 Williamsburg, the Balltown / Liberty neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Balltown / Liberty neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 78.2% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 99.5% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Modes of Transportation

Our research shows that more people carpool to work here in the Balltown / Liberty (34.1%) than in 99.4% of the neighborhoods in America.

People

The Balltown / Liberty neighborhood stands out for having an average per capita income lower than 97.7% of the neighborhoods in the United States.

Migration / Stability

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 Balltown / Liberty neighborhood. In the Balltown / Liberty neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 97.6% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

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 Balltown / Liberty neighborhood in Williamsburg are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 97.7% of U.S. neighborhoods. With 31.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 82.7% 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 Balltown / Liberty neighborhood, 36.3% 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 26.3% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (23.0%), and 14.5% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Balltown / Liberty neighborhood is English, spoken by 100.0% of households.

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 Balltown / Liberty neighborhood in Williamsburg, KY, residents most commonly identify their ethnicity or ancestry as English (18.8%). There are also a number of people of German ancestry (14.1%), and residents who report Irish roots (6.8%).

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 Balltown / Liberty neighborhood spend under 15 minutes commuting one-way to work (78.2% of working residents), one of the shortest commutes across America.

Here most residents (65.9%) 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 (34.1%) . 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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