Real Estate Prices and Overview
Knob Hill median real estate prices are $148,205, which is less expensive than 82.7% of Colorado neighborhoods
and 54.8% of all U.S. neighborhoods.
Average rental prices in Knob Hill are currently
$694, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 79.0% of Colorado neighborhoods.
Knob Hill is a suburban neighborhood (based on population
density) located in Colorado Springs, Colorado.
Knob Hill 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 single-family homes.
Most of the residential real estate is renter occupied. Many of
the residences in the Knob Hill neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in
Knob Hill. The current real estate vacancy rate here is 17.6%.
This is higher than the rate of vacancies in 80.2% of
all U.S. neighborhoods. This can sometimes be the case in neighborhoods
dominated by seasonal homes (such as vacation areas), and occasionally
it is also found in neighborhoods that are primarily filled with college
students, as some apartments could be vacant when school is not in session.
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
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
Notable & Unique: Diversity
Did you know that the Knob Hill neighborhood has more
Czechoslovakian and Spanish ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 1.0% of
this neighborhood's residents have Czechoslovakian ancestry and 1.3% have Spanish ancestry.
Knob Hill is also pretty special linguistically. Significantly, 0.5% of its residents five years old and above primarily
speak Yiddish at home. While this may seem like a small percentage, it is higher
than 99.0% of the neighborhoods in America.
Notable & Unique: Occupations
With 4.2% of employed workers living in the
Knob Hill neighborhood active in the military, this neighborhood has
the distinction of having a higher proportion of people in the military
than 98.6% of American neighborhoods. This is a major
shaper of the neighborhood's culture and character.
Notable & Unique: People
One of the most interesting things about the Knob Hill
neighborhood is that it has a greater concentration of residents who live
alone than most all neighborhoods in America. With 45.6% 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
95.8% of the neighborhoods in America.
The Neighbors: Income
There are two complimentary 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 Knob Hill neighborhood in Colorado Springs are low income, making it among the lowest income neighborhoods in America.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 85.5% of U.S. neighborhoods.
With 15.9% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 50.6%
of U.S. neighborhoods.
The Neighbors: Occupations
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 shear diversity of neighborhoods, allowing you to find the type that fits
your lifestyle and aspirations.
In the Knob Hill neighborhood, 36.6%
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 27.7% of the residents employed.
Other residents here are employed in executive, management, and professional occupations
(19.5%), and 16.2% in clerical, assistant, and tech support occupations.
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 Knob Hill neighborhood in Colorado Springs, CO, residents
most commonly identify their ethnicity or ancestry as German
(15.8%). There are also a number of people of Mexican ancestry (12.4%) , and residents who report Irish roots (8.4%) , and some of the residents are also of English ancestry (3.2%) , along with some Scots-Irish ancestry residents (2.6%), among others.
The Neighbors: Languages
The most common language spoken in the Knob Hill
neighborhood is English, spoken by 94.5% of households. Some people also speak Spanish (3.8%).
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 Knob Hill neighborhood spend
between 15 and 30 minutes commuting one-way to work (48.9% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (77.8%) drive alone in a private automobile to get to work.
In addition, quite a number also hop out the door and walk to work to get to work (8.9%) and 6.6% of residents also carpool with coworkers, friends, or neighbors 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.