Real Estate Prices and Overview
Knob Hill median real estate prices are $148,205, which is less expensive than 83.1% of Colorado neighborhoods
and 54.9% of all U.S. neighborhoods.
Average rental prices in Knob Hill are currently
$779, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 82.5% 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
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 Colorado Springs,
the Knob Hill neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
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
The Knob Hill neighborhood stands out nationally for having
a greater proportion of its residents active in the military than
98.6% of other U.S. neighborhoods. If you come here, you
will notice military people active in their jobs, going to and from work,
and in plain clothes out and about the neighborhood.
Notable & Unique: People
The types of households in a neighborhood can tell a lot about the character
and lifestyle of those living here. NeighborhoodScout's exclusive analysis
reveals that this neighborhood, above nearly every neighborhood in America,
has a greater percentage of its residents living alone: 45.6%. This
is a higher percent living alone than we found in 95.8% of
all U.S. neighborhoods. Often residents who live alone are new arrivals
to an area who are single, and often senior citizens who have lost a spouse.
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 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
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 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
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 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
How you get to work – car, bus, train or other means – and how much of your
day it takes to do so is a large quality of life and financial issue. Especially
with gasoline prices rising and expected to continue doing so, the length and
means of one's commute can be a financial burden. Some neighborhoods are physically
located so that many residents have to drive in their own car, others are set
up so many walk to work, or can take a train, bus, or bike.
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.