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Real Estate Prices & Overview

Aspen Valley / Colfax Spring median real estate price is $473,247, which is less expensive than 78.6% of California neighborhoods and 32.7% of all U.S. neighborhoods.

The average rental price in Aspen Valley / Colfax Spring is currently $1,785, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 93.1% of California neighborhoods.

Aspen Valley / Colfax Spring is a remote neighborhood (based on population density) located in Groveland, California.

Aspen Valley / Colfax Spring real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Aspen Valley / Colfax Spring 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.

Vacant apartments or homes are a major fact of life in Aspen Valley / Colfax Spring. The current real estate vacancy rate here is 50.0%. This is higher than the rate of vacancies in 98.6% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (38.2%). This can occur in 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. If you live here year round, 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 Groveland, the Aspen Valley / Colfax Spring neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Uncrowded roads, rural America and space to be the individual you are. If you like these characteristics, this neighborhood may fit you. With just 2 residents per square mile, Aspen Valley / Colfax Spring is less crowded than 98.9% of all U.S. neighborhoods.

In addition, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 50.0% of the residential real estate vacant, the Aspen Valley / Colfax Spring neighborhood claims the distinction of having a higher vacancy rate than 98.6% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

Modes of Transportation

In the Aspen Valley / Colfax Spring neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 27.1% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 97.6% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.

Occupations

There are more people living in the Aspen Valley / Colfax Spring neighborhood employed as sales and service workers (59.7%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

People

If you are planning to retire in California, this neighborhood should be on your must-see list. For many reasons, Aspen Valley / Colfax Spring may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in California, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 95.7% of neighborhoods in CA. If a California retirement is in your future, this neighborhood should be one of the places you visit.

Diversity

Did you know that the Aspen Valley / Colfax Spring neighborhood has more Finnish and Austrian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.4% of this neighborhood's residents have Finnish ancestry and 1.7% have Austrian ancestry.

Aspen Valley / Colfax Spring is also pretty special linguistically. Significantly, 0.5% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 95.3% 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 Aspen Valley / Colfax Spring neighborhood in Groveland are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 64.3% of the neighborhoods in America. In addition, 0.9% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 78.9% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Aspen Valley / Colfax Spring neighborhood, 40.3% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 38.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.1%), and 7.6% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Aspen Valley / Colfax Spring neighborhood is English, spoken by 88.4% of households. Some people also speak Spanish (9.7%).

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 Aspen Valley / Colfax Spring neighborhood in Groveland, CA, residents most commonly identify their ethnicity or ancestry as German (18.8%). There are also a number of people of Irish ancestry (16.8%), and residents who report Italian roots (9.3%), and some of the residents are also of English ancestry (8.6%), along with some Scottish ancestry residents (6.3%), 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 Aspen Valley / Colfax Spring neighborhood spend under 15 minutes commuting one-way to work (35.2% of working residents), one of the shortest commutes across America.

Here most residents (46.0%) 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 (20.8%) and 6.2% of residents also hop out the door and walk to work 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.


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