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Real Estate Prices & Overview

Belcaro median real estate price is $985,951, which is more expensive than 88.1% of the neighborhoods in Colorado and 91.7% of the neighborhoods in the U.S.

The average rental price in Belcaro is currently $3,619, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 87.0% of the neighborhoods in Colorado.

Belcaro is a suburban neighborhood (based on population density) located in Denver, Colorado.

Belcaro 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 owner occupied. Many of the residences in the Belcaro neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 2000 and the present.

Belcaro has a 16.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 79.5% 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.

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 Denver, the Belcaro neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

In the Belcaro neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 31.8% 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 99.0% 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.

Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.8% of residents in the Belcaro neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 96.9% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

People

The rate of college educated adults in the Belcaro neighborhood is a unique characteristic of the neighborhood. 80.4% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 33.7% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 98.0% of all U.S. neighborhoods.

In addition, if you're a regular supporter of the arts and enjoy outings to the theatre, weekend boutique-ing, or even a finely aged wine with dinner, than you're in good company with the people of the Belcaro neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 97.5% of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, than you'll certainly feel right at home in the Belcaro neighborhood. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for active retirees.

Diversity

Did you know that the Belcaro neighborhood has more Hungarian and Austrian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.2% of this neighborhood's residents have Hungarian ancestry and 1.6% have Austrian ancestry.

Belcaro is also pretty special linguistically. Significantly, 3.2% of its residents five years old and above primarily speak German/Yiddish at home. While this may seem like a small percentage, it is higher than 98.2% 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 Belcaro neighborhood in Denver are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 85.4% of the neighborhoods in America. In addition, 7.5% 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 57.9% 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 Belcaro neighborhood, 64.8% 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 26.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (5.9%), and 2.8% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Belcaro neighborhood is English, spoken by 90.1% of households. Some people also speak German/Yiddish (3.2%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Belcaro neighborhood in Denver, CO, residents most commonly identify their ethnicity or ancestry as German (18.2%). There are also a number of people of English ancestry (18.1%), and residents who report Irish roots (16.6%), and some of the residents are also of Italian ancestry (7.4%), along with some Mexican ancestry residents (5.6%), 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 Belcaro neighborhood spend between 15 and 30 minutes commuting one-way to work (58.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (57.2%) drive alone in a private automobile to get to work. 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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