Andover Neighborhood, Lexington, KY

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Real Estate Prices

Walnut Ridge / Andover Hills median real estate price is $392,795, which is more expensive than 91.7% of the neighborhoods in Kentucky and 62.6% of the neighborhoods in the U.S.

The average rental price in Walnut Ridge / Andover Hills is currently $2,148, based on NeighborhoodScout’s exclusive analysis. The average rental cost in this neighborhood is higher than 97.6% of the neighborhoods in Kentucky.

Walnut Ridge / Andover Hills is a suburban neighborhood (based on population density) located in Lexington, Kentucky.

Walnut Ridge / Andover Hills real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Walnut Ridge / Andover Hills neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Walnut Ridge / Andover Hills are 4.9%, which is lower than one will find in 70.3% of American neighborhoods. Demand for real estate in Walnut Ridge / Andover Hills 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

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.

Notable & Unique: People

Of note is NeighborhoodScout’s research finding that the Walnut Ridge / Andover Hills neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Walnut Ridge / Andover Hills community truly stands out from the rest in this regard.

In addition, a majority of the adults in the Walnut Ridge / Andover Hills neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you’re an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle “best choice” neighborhood for Kentucky by NeighborhoodScout’s analysis, which rated it as better for executive lifestyles than 99.2% of the neighborhoods in Kentucky. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for families with school-aged children and urban sophisticates.

Also, astoundingly, NeighborhoodScout’s research reveals that this single neighborhood has a higher concentration of married couples living here than 95.1% of all U.S. neighborhoods. Whether they have school-aged children or not, married couples are the rule in the Walnut Ridge / Andover Hills neighborhood. If you are a married couple, you may find many people here with a similar lifestyle, and perhaps common interests. But if you are single, you might not find many other singles here.

Notable & Unique: Real Estate

If you like the look and ambience of new homes and newly built neighborhoods, you will love the Walnut Ridge / Andover Hills neighborhood. A whopping 81.9% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 97.9% of the neighborhoods in the U.S. Everything here just feels new. In fact, the concentration of newer homes here is so great that they completely dominate the landscape. In most neighborhoods, there is a mixture of ages of residential real estate, but here it is almost completely built during one time frame: 2000 through today.

Notable & Unique: Diversity

Did you know that the Walnut Ridge / Andover Hills neighborhood has more Yugoslav and Arab ancestry people living in it than nearly any neighborhood in America? It’s true! In fact, 0.7% of this neighborhood’s residents have Yugoslav ancestry and 3.2% have Arab ancestry.

The Neighbors
The Neighbors: Income

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 Walnut Ridge / Andover Hills neighborhood in Lexington are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout’s exclusive analysis reveals that this neighborhood has a higher income than 90.5% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America’s neighborhoods.

The Neighbors: Occupations

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 Walnut Ridge / Andover Hills neighborhood, 64.1% 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 21.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (8.1%), and 6.4% in clerical, assistant, and tech support occupations.

The Neighbors: Languages

The most common language spoken in the Walnut Ridge / Andover Hills neighborhood is English, spoken by 89.0% of households. Some people also speak Chinese (2.4%).

The Neighbors: Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Walnut Ridge / Andover Hills neighborhood in Lexington, KY, residents most commonly identify their ethnicity or ancestry as German (18.5%). There are also a number of people of Irish ancestry (13.4%), and residents who report English roots (10.1%), and some of the residents are also of Asian ancestry (6.6%), along with some Scottish ancestry residents (4.0%), among others.

Homes for sale in Andover Forest