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Real Estate Prices & Overview

Marston Slopes median real estate price is $780,364, which is more expensive than 73.9% of the neighborhoods in Colorado and 84.8% of the neighborhoods in the U.S.

The average rental price in Marston Slopes is currently $2,643, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 61.2% of the neighborhoods in Colorado.

Marston Slopes is a suburban neighborhood (based on population density) located in Lakewood, Colorado.

Marston Slopes 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 Marston Slopes neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Real estate vacancies in Marston Slopes are 3.6%, which is lower than one will find in 76.3% of American neighborhoods. Demand for real estate in Marston Slopes 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 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 get around.

People

Of particular note, 2.4% of the people in the Marston Slopes neighborhood currently reside in a correction facility, held due to punishment for a crime.

Real Estate

Most neighborhoods are composed of a mixture of ages of homes, but the Marston Slopes stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 82.4% of the residential real estate here was built in this one time period.

Diversity

Significantly, 1.2% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 97.5% of the neighborhoods in America.

The Neighbors

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 Marston Slopes neighborhood in Lakewood are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 42.3% of the neighborhoods in America. With 12.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 55.9% of U.S. neighborhoods.

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 Marston Slopes neighborhood, 41.4% 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 23.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (18.3%), and 16.9% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Marston Slopes neighborhood is English, spoken by 92.8% of households. Some people also speak Spanish (4.5%).

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 Marston Slopes neighborhood in Lakewood, CO, residents most commonly identify their ethnicity or ancestry as German (27.4%). There are also a number of people of Mexican ancestry (15.9%), and residents who report English roots (8.7%), and some of the residents are also of Irish ancestry (6.2%), along with some French ancestry residents (4.7%), among others.

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 Marston Slopes neighborhood spend between 30 and 45 minutes commuting one-way to work (32.5% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (71.4%) 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 (9.6%) . 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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