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Real Estate Prices & Overview

Lakes At Centerra / Rocky Mountain Village median real estate price is $712,039, which is more expensive than 68.3% of the neighborhoods in Colorado and 81.9% of the neighborhoods in the U.S.

The average rental price in Lakes At Centerra / Rocky Mountain Village is currently $2,398, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 52.2% of Colorado neighborhoods.

Lakes At Centerra / Rocky Mountain Village is a rural neighborhood (based on population density) located in Loveland, Colorado.

Lakes At Centerra / Rocky Mountain Village real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Lakes At Centerra / Rocky Mountain Village neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Lakes At Centerra / Rocky Mountain Village are 3.2%, which is lower than one will find in 79.0% of American neighborhoods. Demand for real estate in Lakes At Centerra / Rocky Mountain Village 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

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 Loveland, the Lakes At Centerra / Rocky Mountain Village neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Homes built from 2000 through today make up a higher proportion of the Lakes At Centerra / Rocky Mountain Village neighborhood's real estate landscape than 97.2% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 78.6% of the residential real estate here is classified as newer.

Diversity

Did you know that the Lakes At Centerra / Rocky Mountain Village neighborhood has more Finnish and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.2% of this neighborhood's residents have Finnish ancestry and 4.7% have Russian ancestry.

Lakes At Centerra / Rocky Mountain Village is also pretty special linguistically. Significantly, 2.0% 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 96.2% 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 Lakes At Centerra / Rocky Mountain Village neighborhood in Loveland are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 73.8% of the neighborhoods in America. With 30.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 81.2% 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 Lakes At Centerra / Rocky Mountain Village neighborhood, 53.9% 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 31.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (8.9%), and 5.9% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Lakes At Centerra / Rocky Mountain Village neighborhood is English, spoken by 94.0% of households. Some people also speak Spanish (2.6%).

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 Lakes At Centerra / Rocky Mountain Village neighborhood in Loveland, CO, residents most commonly identify their ethnicity or ancestry as German (15.8%). There are also a number of people of Mexican ancestry (14.8%), and residents who report Irish roots (11.6%), and some of the residents are also of English ancestry (9.8%), along with some Italian ancestry residents (5.5%), 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 Lakes At Centerra / Rocky Mountain Village neighborhood spend between 15 and 30 minutes commuting one-way to work (30.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (78.1%) 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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