Real Estate Prices and Overview
E 56th Ave / Tower Rd median real estate prices are $257,269, which is more expensive than 58.2% of the neighborhoods
in Colorado and 72.2% of the
neighborhoods in the U.S.
Average rental prices in E 56th Ave / Tower Rd are currently
$1,544, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 84.0%
of the neighborhoods in Colorado.
E 56th Ave / Tower Rd is a suburban neighborhood (based on population
density) located in Denver, Colorado.
E 56th Ave / Tower Rd real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments.
Most of the residential real estate is owner occupied. Many of
the residences in the E 56th Ave / Tower Rd neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1940 and 1969.
In E 56th Ave / Tower Rd, the current vacancy rate is 3.7%,
which is a lower rate of vacancies than 83.8% of all neighborhoods
in the U.S. This means that the housing supply in E 56th Ave / Tower Rd
is very tight compared to the demand for property here.
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
Significantly, 9.2% of its residents five years old and above primarily
speak Vietnamese at home. While this may seem like a small percentage, it is higher
than 99.4% of the neighborhoods in America.
Notable & Unique: Real Estate
In addition, if you like the look and ambience of new homes and newly built neighborhoods, you will love the E 56th Ave / Tower Rd neighborhood. A whopping 90.1% 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 99.5% 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.
Furthermore, some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the E 56th Ave / Tower Rd neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 97.7% of all American neighborhoods.
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 E 56th Ave / Tower Rd neighborhood in Denver 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 86.9% of the neighborhoods in America.
With 16.2% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 51.2%
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 E 56th Ave / Tower Rd neighborhood, 34.9%
of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is
clerical, assistant, and tech support occupations, with 26.7% of the residents employed.
Other residents here are employed in manufacturing and laborer occupations
(19.3%), and 19.1% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
The Neighbors: 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 E 56th Ave / Tower Rd neighborhood in Denver, CO, residents
most commonly identify their ethnicity or ancestry as Mexican
(22.7%). There are also a number of people of Asian ancestry (8.4%) , and residents who report German roots (3.3%) , and some of the residents are also of Polish ancestry (1.6%) , along with some Puerto Rican ancestry residents (1.5%), among others. In addition, 24.0% of the residents of this neighborhood were born in another country.
The Neighbors: Languages
The languages spoken by people in this neighborhood are diverse. These are
tabulated as the languages people preferentially speak when they are
at home with their families.
The most common language spoken in the E 56th Ave / Tower Rd
neighborhood is English, spoken by 61.7% of households. Other important languages spoken here include Spanish and Vietnamese.
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 E 56th Ave / Tower Rd neighborhood spend
between 15 and 30 minutes commuting one-way to work (37.9% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (84.5%) 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 (11.3%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.