Most Expensive Vail Neighborhoods
Vail is a somewhat small town located in the state of Colorado. With a population of 5,461 people and three constituent neighborhoods, Vail is the 77th largest community in Colorado.
Vail home prices are not only among the most expensive in Colorado, but Vail real estate also consistently ranks among the most expensive in America.
Vail is a decidedly white-collar town, with fully 87.70% of the workforce employed in white-collar jobs, well above the national average. Overall, Vail is a town of service providers, professionals and sales and office workers. There are especially a lot of people living in Vail who work in food service (18.35%), office and administrative support (9.31%) and healthcare (9.23%).
Of important note, Vail is also a town of artists. Vail has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Vail’s character.
Also of interest is that Vail has more people living here who work in computers and math than 95% of the places in the US.
A relatively large number of people in Vail telecommute to their jobs. Overall, about 9.10% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Another notable thing is that Vail is a major vacation destination. Much of the town’s population is seasonal: many people own second homes and only live there part-time, during the vacation season. The effect on the local economy is that many of the businesses are dependent on tourist dollars, and may operate only during the high season. As the vacation season ends, Vail’s population drops significantly, such that year-round residents will notice that the city is a much quieter place to live.
Residents of the town have the good fortune of having one of the shortest daily commutes compared to the rest of the country. On average, they spend only 16.96 minutes getting to work every day.
In Vail, a lot of people use the bus to get to work every day though Vail is a relatively small town. Those that ride the bus are primarily traveling out of town to good jobs in other cities.
If knowledge is power, Vail is a pretty powerful place. 55.57% of the adults in Vail have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Vail in 2010 was $56,890, which is wealthy relative to Colorado and the nation. This equates to an annual income of $227,560 for a family of four. However, Vail contains both very wealthy and poor people as well.
The people who call Vail home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Vail residents report their race to be White, followed by Black or African-American. Important ancestries of people in Vail include English, Irish, Italian, German, Norwegian and Russian.
The most common language spoken in Vail is English. Some people also speak Spanish.
|NUMBER OF HOMES AND APARTMENTS||2,451|
|VAIL HOME OWNERSHIP|
|% OWNER OCCUPIED||54.23%|
|% RENTER OCCUPIED||45.77%|
|TYPE OF VAIL HOMES|
|SINGLE FAMILY DETACHED||13.51%|
|ROWHOUSES AND ATTACHED HOMES||25.33%|
|SMALL APARTMENT BUILDINGS||9.47%|
|COMPLEXES OR HIGH RISE APARTMENTS||51.13%|
|SIZE OF VAIL HOMES|
|5 OR MORE BEDROOMS||7.69%|
|AGE OF VAIL HOMES|
|NEWER HOMES (2000 OR LATER)||10.52%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||78.58%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||10.65%|
|HISTORIC (1939 OR BEFORE)||0.25%|
|VAIL REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$624,426|
|MEDIAN RENTAL PRICE||$1,702|
|HOME VALUE RANGE|
|$0 - $51,000||0.68%|
|$51,001 - $102,000||0.90%|
|$102,001 - $203,000||12.93%|
|$203,001 - $305,000||16.32%|
|$305,001 - $407,000||6.17%|
|$407,001 - $508,000||10.83%|
|$508,001 - $762,000||12.48%|
|$762,001 - $1,017,000||17.82%|
|PEOPLE OF VAIL||DETAILS|
|UNDER 5 YEARS||0.81%|
|5 TO 17||7.86%|
|18 TO 24||10.55%|
|25 TO 34||21.40%|
|35 TO 54||29.24%|
|55 TO 64||18.03%|
|65 YEARS AND OVER||12.10%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||99.13%|
|MEDIAN HOUSEHOLD INCOME||$66,283|
|PER CAPITA INCOME||$56,890|
|INDIVIDUALS BELOW POVERTY LEVEL||8.32%|
|INDUSTRIES PEOPLE WORK IN||Accommodation (26.90%)
Real estate (7.29%)
Professional, scientific, and technical services (6.40%)
Information Technology (2.97%)
|BLACK OR AFRICAN AMERICAN||1.76%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.00%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||4.17%|
|TWO OR MORE RACES||2.16%|
|HISPANIC OR LATINO (OF ANY RACE)||4.81%|
|ETHNICITIES PRESENT||English (15.42%)
|LANGUAGES SPOKEN||English (87.30%)
African languages (1.76%)
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