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Real Estate Prices & Overview

Riverside / Commercial Core Historic District median real estate price is $1,989,550, which is more expensive than 99.3% of the neighborhoods in Colorado and 98.8% of the neighborhoods in the U.S.

The average rental price in Riverside / Commercial Core Historic District is currently $2,086, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 69.1% of Colorado neighborhoods.

Riverside / Commercial Core Historic District is a remote neighborhood (based on population density) located in Aspen, Colorado.

Riverside / Commercial Core Historic District 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 occupied by a mixture of owners and renters. Many of the residences in the Riverside / Commercial Core Historic District 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 Riverside / Commercial Core Historic District. The current real estate vacancy rate here is 62.8%. This is higher than the rate of vacancies in 99.5% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (51.4%). 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

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

In a nation where 1 out of every 4 children lives in poverty, the Riverside / Commercial Core Historic District neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, one of the most interesting things about the Riverside / Commercial Core Historic District neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 52.6% 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 96.9% of the neighborhoods in America.

Also, if you're planning where to retire, the Riverside / Commercial Core Historic District neighborhood in Aspen is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in CO, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 89.3% of the neighborhoods in Colorado. If you are considering retiring to Colorado, this is a good neighborhood to look at.

Real Estate

Despite all of the residential real estate here in the Riverside / Commercial Core Historic District neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 62.8%, which is higher than 99.5% of all U.S. neighborhoods.

Modes of Transportation

More people in Riverside / Commercial Core Historic District choose to walk to work each day (25.8%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Also, would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the Riverside / Commercial Core Historic District neighborhood is a fantastic option for bicycle commuters, as 5.6% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 98.5% of the neighborhoods in America.

Diversity

Did you know that the Riverside / Commercial Core Historic District neighborhood has more Dutch and Lebanese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.1% of this neighborhood's residents have Dutch ancestry and 1.7% have Lebanese ancestry.

Riverside / Commercial Core Historic District is also pretty special linguistically. Significantly, 1.3% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 97.1% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Riverside / Commercial Core Historic District neighborhood in Aspen are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 70.9% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America'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 Riverside / Commercial Core Historic District neighborhood, 42.8% 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 28.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (20.1%), and 8.7% in manufacturing and laborer occupations.

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 Riverside / Commercial Core Historic District neighborhood is English, spoken by 82.1% of households. Other important languages spoken here include Spanish and Polish.

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 Riverside / Commercial Core Historic District neighborhood in Aspen, CO, residents most commonly identify their ethnicity or ancestry as Irish (15.4%). There are also a number of people of English ancestry (15.2%), and residents who report German roots (9.1%), and some of the residents are also of Italian ancestry (8.7%), along with some Mexican ancestry residents (7.1%), among others.

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 Riverside / Commercial Core Historic District neighborhood spend under 15 minutes commuting one-way to work (55.2% of working residents), one of the shortest commutes across America.

Here most residents (38.0%) 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 (25.8%) and 8.0% of residents also ride the bus 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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