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Real Estate Prices & Overview

Pikes Peak Park South median real estate price is $314,265, which is less expensive than 88.9% of Colorado neighborhoods and 55.1% of all U.S. neighborhoods.

The average rental price in Pikes Peak Park South is currently $1,663, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 86.2% of Colorado neighborhoods.

Pikes Peak Park South is an urban neighborhood (based on population density) located in Colorado Springs, Colorado.

Pikes Peak Park South real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Pikes Peak Park South neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Pikes Peak Park South are 5.4%, which is lower than one will find in 64.1% of American neighborhoods. Demand for real estate in Pikes Peak Park South 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

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Modes of Transportation

In the Pikes Peak Park South neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 38.4% of commuters carpool here, which is more than in 99.7% of all U.S. neighborhoods.

Occupations

With 2.2% of employed workers living in the Pikes Peak Park South neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 96.7% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

Diversity

Did you know that the Pikes Peak Park South neighborhood has more Cuban and Dutch ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.5% of this neighborhood's residents have Cuban ancestry and 3.5% have Dutch ancestry.

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 Pikes Peak Park South 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 76.9% of U.S. neighborhoods. With 31.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 82.5% of U.S. neighborhoods.

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 sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Pikes Peak Park South neighborhood, 36.7% 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 manufacturing and laborer occupations, with 26.1% of the residents employed. Other residents here are employed in executive, management, and professional occupations (23.6%), and 13.0% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Pikes Peak Park South neighborhood is English, spoken by 71.0% of households. Some people also speak Spanish (26.1%).

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 Pikes Peak Park South neighborhood in Colorado Springs, CO, residents most commonly identify their ethnicity or ancestry as Mexican (28.9%). There are also a number of people of German ancestry (12.2%), and residents who report Irish roots (12.1%), and some of the residents are also of Spanish ancestry (5.7%), along with some English ancestry residents (5.3%), among others. In addition, 15.4% of the residents of this neighborhood were born in another country.

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 Pikes Peak Park South neighborhood spend between 15 and 30 minutes commuting one-way to work (64.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (50.8%) 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 (38.4%) and 5.8% 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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