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Real Estate Prices & Overview

Olde Town Arvada median real estate price is $570,994, which is more expensive than 50.6% of the neighborhoods in Colorado and 74.7% of the neighborhoods in the U.S.

The average rental price in Olde Town Arvada is currently $2,469, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 48.6% of Colorado neighborhoods.

Olde Town Arvada is a suburban neighborhood (based on population density) located in Arvada, Colorado.

Olde Town Arvada 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 small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Olde Town Arvada neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In Olde Town Arvada, the current vacancy rate is 2.9%, which is a lower rate of vacancies than 81.0% of all neighborhoods in the U.S. This means that the housing supply in Olde Town Arvada is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Real Estate

The Olde Town Arvada neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 95.8% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

In addition, the real estate in the Olde Town Arvada neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 71.3% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 95.3% of American neighborhoods.

Furthermore, 84.4% of the real estate in the Olde Town Arvada neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

People

One of the most interesting things about the Olde Town Arvada neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 52.7% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 96.9% of the neighborhoods in America.

Diversity

Significantly, 1.4% of its residents five years old and above primarily speak Urdu, which is the national language of Pakistan, at home. While this may seem like a small percentage, it is higher than 98.1% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Olde Town Arvada neighborhood in Arvada are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 57.2% of the neighborhoods in America. With 31.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 82.4% 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 Olde Town Arvada neighborhood, 58.5% 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 21.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (10.9%), and 9.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Olde Town Arvada neighborhood is English, spoken by 88.8% of households. Some people also speak Spanish (5.2%).

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 Olde Town Arvada neighborhood in Arvada, CO, residents most commonly identify their ethnicity or ancestry as German (25.1%). There are also a number of people of Mexican ancestry (18.5%), and residents who report Irish roots (16.0%), and some of the residents are also of English ancestry (13.5%), along with some Italian ancestry residents (10.2%), 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 Olde Town Arvada neighborhood spend between 15 and 30 minutes commuting one-way to work (39.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (63.6%) 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 (5.1%) . 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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