Old Colorado City median real estate price is $394,641, which is less expensive than 73.4% of Colorado neighborhoods and 39.3% of all U.S. neighborhoods.
The average rental price in Old Colorado City is currently $1,918, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 81.8% of Colorado neighborhoods.
Old Colorado City is a suburban neighborhood (based on population density) located in Colorado Springs, Colorado.
Old Colorado City real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Old Colorado City neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Old Colorado City has a 13.8% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 73.4% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
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.
Of note is NeighborhoodScout's research finding that the Old Colorado City neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Old Colorado City community truly stands out from the rest in this regard.
In addition, divorcees may find friendship and understanding in this neighborhood, as 30.9% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 99.8% of the neighborhoods in America.
Also, the Old Colorado City neighborhood stands out within Colorado for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 7.4% of college-friendly places to live in CO. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for first-time home buyers.
Did you know that the Old Colorado City neighborhood has more Greek ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.8% of this neighborhood's residents have Greek ancestry.
Old Colorado City is also pretty special linguistically. Significantly, 1.0% 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 96.0% of the neighborhoods in America.
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 Old Colorado City neighborhood in Colorado Springs are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 67.6% of U.S. neighborhoods. 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.
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 Old Colorado City neighborhood, 39.1% 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 38.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (12.8%), and 9.6% in manufacturing and laborer occupations.
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 Old Colorado City neighborhood is English, spoken by 95.7% of households. Other important languages spoken here include Italian and Spanish.
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 Old Colorado City neighborhood in Colorado Springs, CO, residents most commonly identify their ethnicity or ancestry as English (13.8%). There are also a number of people of Mexican ancestry (11.8%), and residents who report German roots (10.3%), and some of the residents are also of Irish ancestry (10.2%), along with some Italian ancestry residents (4.7%), among others.
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 Old Colorado City neighborhood spend under 15 minutes commuting one-way to work (48.7% of working residents), one of the shortest commutes across America.
Here most residents (70.7%) 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 (10.3%) and 5.5% 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.