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Real Estate Prices & Overview

Okolona Northwest median real estate price is $171,552, which is more expensive than 33.3% of the neighborhoods in Kentucky and 15.9% of the neighborhoods in the U.S.

The average rental price in Okolona Northwest is currently $1,209, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 78.8% of Kentucky neighborhoods.

Okolona Northwest is a suburban neighborhood (based on population density) located in Louisville, Kentucky.

Okolona Northwest 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 Okolona Northwest 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 Okolona Northwest are 5.3%, which is lower than one will find in 64.3% of American neighborhoods. Demand for real estate in Okolona Northwest 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.

Occupations

More people work in manufacturing and as laborers here in the Okolona Northwest neighborhood than in 99.3% 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.

Diversity

Did you know that the Okolona Northwest neighborhood has more Arab and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 14.6% of this neighborhood's residents have Arab ancestry and 20.3% have Cuban ancestry.

Okolona Northwest is also pretty special linguistically. Significantly, 12.6% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 99.7% of the neighborhoods in America.

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 Okolona Northwest neighborhood in Louisville are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 91.7% of U.S. neighborhoods. With 27.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 78.1% 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 Okolona Northwest neighborhood, 52.5% 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 22.8% of the residents employed. Other residents here are employed in executive, management, and professional occupations (13.9%), and 10.8% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Okolona Northwest neighborhood is English, spoken by 54.0% of households. Other important languages spoken here include Spanish, Arabic and French.

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 Okolona Northwest neighborhood in Louisville, KY, residents most commonly identify their ethnicity or ancestry as Cuban (20.3%). There are also a number of people of Arab ancestry (14.6%), and residents who report Sub-Saharan African roots (6.3%), and some of the residents are also of Mexican ancestry (6.2%), along with some Irish ancestry residents (5.6%), among others. In addition, 29.4% 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 Okolona Northwest neighborhood spend between 15 and 30 minutes commuting one-way to work (49.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (72.2%) 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 (16.8%) . 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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