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Real Estate Prices & Overview

Montbello East median real estate price is $430,256, which is less expensive than 73.2% of Colorado neighborhoods and 38.4% of all U.S. neighborhoods.

The average rental price in Montbello East 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.

Montbello East is an urban neighborhood (based on population density) located in Denver, Colorado.

Montbello East real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Montbello East 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.

In Montbello East, the current vacancy rate is 1.4%, which is a lower rate of vacancies than 90.1% of all neighborhoods in the U.S. This means that the housing supply in Montbello East is very tight compared to the demand for property here.

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.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Montbello East neighborhood have a highly unusual car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 42.3% of the households here have four, five, or more cars. That is more cars per household than in 98.7% of the neighborhoods in the nation.

Occupations

NeighborhoodScout's exclusive research identifies the Montbello East neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 45.6% of its working residents employed in such fields, which is a higher proportion than 97.5% of American neighborhoods.

Real Estate

The Montbello East neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 98.7% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 97.2% of all neighborhoods in America.

In addition, most neighborhoods are composed of a mixture of ages of homes, but the Montbello East 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, 84.3% of the residential real estate here was built in this one time period.

Diversity

Did you know that the Montbello East neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 68.9% of this neighborhood's residents have Mexican ancestry.

Montbello East is also pretty special linguistically. Significantly, 66.5% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 96.9% of all U.S. neighborhoods.

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 Montbello East neighborhood in Denver are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 71.0% of the neighborhoods in America. With 16.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 63.0% 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 Montbello East neighborhood, 45.6% of the working population is employed in manufacturing and laborer 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 23.2% of the residents employed. Other residents here are employed in executive, management, and professional occupations (15.6%), and 15.5% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Montbello East neighborhood is Spanish, spoken by 66.5% of households. Some people also speak English (31.8%).

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 Montbello East neighborhood in Denver, CO, residents most commonly identify their ethnicity or ancestry as Mexican (68.9%). There are also a number of people of Asian ancestry (1.7%). In addition, 30.7% of the residents of this neighborhood were born in another country.

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 Montbello East neighborhood spend between 15 and 30 minutes commuting one-way to work (41.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (70.8%) 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 (18.3%) and 6.7% of residents also take the train 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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