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Real Estate Prices & Overview

Fairway / Idle Hour median real estate price is $497,376, which is more expensive than 73.6% of the neighborhoods in Kentucky and 55.6% of the neighborhoods in the U.S.

The average rental price in Fairway / Idle Hour is currently $1,437, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 51.6% of Kentucky neighborhoods.

Fairway / Idle Hour is a suburban neighborhood (based on population density) located in Lexington, Kentucky.

Fairway / Idle Hour 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 occupied by a mixture of owners and renters. Many of the residences in the Fairway / Idle Hour neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In Fairway / Idle Hour, the current vacancy rate is 2.7%, which is a lower rate of vacancies than 82.2% of all neighborhoods in the U.S. This means that the housing supply in Fairway / Idle Hour is very tight compared to the demand for property here.

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.

People

Divorcees may find friendship and understanding in this neighborhood, as 19.6% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 95.0% of the neighborhoods in America.

Diversity

Did you know that the Fairway / Idle Hour neighborhood has more Scots-Irish and British ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.9% of this neighborhood's residents have Scots-Irish ancestry and 3.2% have British ancestry.

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 Fairway / Idle Hour neighborhood in Lexington are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 72.1% of U.S. neighborhoods. In addition, 2.3% 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 74.1% of America'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 Fairway / Idle Hour neighborhood, 52.0% 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 23.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.1%), and 7.4% 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 Fairway / Idle Hour neighborhood is English, spoken by 96.3% of households. Other important languages spoken here include Italian and Spanish.

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 Fairway / Idle Hour neighborhood in Lexington, KY, residents most commonly identify their ethnicity or ancestry as German (13.8%). There are also a number of people of Irish ancestry (13.0%), and residents who report English roots (10.4%), and some of the residents are also of Scots-Irish ancestry (7.9%), along with some British ancestry residents (3.2%), among others.

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 Fairway / Idle Hour neighborhood spend under 15 minutes commuting one-way to work (50.3% of working residents), one of the shortest commutes across America.

Here most residents (81.3%) 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.


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