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Real Estate Prices & Overview

Northwest median real estate price is $41,692, which is less expensive than 98.7% of Kentucky neighborhoods and 99.2% of all U.S. neighborhoods.

The average rental price in Northwest is currently $1,371, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 59.6% of Kentucky neighborhoods.

Northwest is an urban neighborhood (based on population density) located in Louisville, Kentucky.

Northwest real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 Northwest neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in Northwest. The current real estate vacancy rate here is 30.2%. This is higher than the rate of vacancies in 94.8% 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 Louisville, the Northwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

More people work in manufacturing and as laborers here in the Northwest neighborhood than in 99.5% 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.

Modes of Transportation

Our research shows that more people carpool to work here in the Northwest (28.7%) than in 98.5% of the neighborhoods in America.

Also, more people ride the bus in this neighborhood each day to get to work than 97.6% of U.S. neighborhoods.

People

One of the unique characteristics of the Northwest neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 98.4% of the neighborhoods in America. Also of note, 61.5% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

In addition, the Northwest neighborhood is unique for having just 5.8% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 96.5% of America's neighborhoods.

Car Ownership

We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Northwest neighborhood has a highly unusual pattern of car ownership. 21.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.5% of U.S. neighborhoods.

Real Estate

Do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Northwest neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 69.2% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 98.4% of the neighborhoods in the United States.

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 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 98.4% of U.S. neighborhoods. With 61.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 97.2% 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 Northwest neighborhood, 54.5% 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 21.4% of the residents employed. Other residents here are employed in executive, management, and professional occupations (15.4%), and 8.7% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Northwest neighborhood is English, spoken by 99.5% of households. Some people also speak Italian (2.6%).

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 Northwest neighborhood in Louisville, KY, residents most commonly identify their ethnicity or ancestry as German (16.7%). There are also a number of people of Irish ancestry (11.5%), and residents who report Italian roots (4.0%), and some of the residents are also of French ancestry (3.9%), along with some English ancestry residents (2.7%), 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 Northwest neighborhood spend between 15 and 30 minutes commuting one-way to work (46.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (43.9%) 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 (28.7%) and 15.9% of residents also ride the bus for their daily commute. 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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