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Real Estate Prices & Overview

Platt Park median real estate price is $860,639, which is more expensive than 83.8% of the neighborhoods in Colorado and 88.9% of the neighborhoods in the U.S.

The average rental price in Platt Park is currently $4,039, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 95.4% of the neighborhoods in Colorado.

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

Platt Park real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 Platt Park 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 2000 and the present.

In Platt Park, the current vacancy rate is 2.6%, which is a lower rate of vacancies than 82.7% of all neighborhoods in the U.S. This means that the housing supply in Platt Park is very tight compared to the demand for property here.

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 Platt Park neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, think about the people you know personally. How many of them would purchase box seats to opening night at the symphony? How many of them regularly attend gallery openings, or are the first to reserve tickets to opening night at the ballet? If they're like most of us, they don't do any of these things. But if you're among an exclusive crowd of wealthy and refined patrons of the arts, then you'll feel right at home in the Platt Park neighborhood: a neighborhood in which more "urban sophisticates" live than 98.8% of neighborhoods across the U.S. Here, your neighbors are defined as having urbane tastes in literature, music, live theatre and the arts. They are wealthy, educated, travel in style, and live a big city lifestyle whether or not they live in or near a big city. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for young, single professionals.

Also, do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. NeighborhoodScout's research revealed that a full 77.0% of the adults living in the Platt Park neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 96.8% of U.S. neighborhoods. In this way, this neighborhood truly stands out.

Modes of Transportation

A unique way of commuting is simply not to. And in the Platt Park neighborhood, analysis shows that 33.7% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 98.4% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.

Occupations

Executives, managers and professionals make up 73.8% of the workforce in the Platt Park neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 97.3% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Diversity

Did you know that the Platt Park neighborhood has more English and Swiss ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 23.4% of this neighborhood's residents have English ancestry and 1.8% have Swiss ancestry.

Platt Park is also pretty special linguistically. Significantly, 10.1% of its residents five years old and above primarily speak Italian at home. While this may seem like a small percentage, it is higher than 97.9% 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 Platt Park 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 93.8% 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 Platt Park neighborhood, 73.8% 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 19.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (4.0%), and 3.2% in clerical, assistant, and tech support 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 Platt Park neighborhood is English, spoken by 91.4% of households. Other important languages spoken here include Italian, Spanish and French.

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 Platt Park neighborhood in Denver, CO, residents most commonly identify their ethnicity or ancestry as German (24.3%). There are also a number of people of English ancestry (23.4%), and residents who report Mexican roots (12.8%), and some of the residents are also of Irish ancestry (11.4%), along with some Italian ancestry residents (6.3%), 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 Platt Park neighborhood spend between 15 and 30 minutes commuting one-way to work (32.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (55.9%) 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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