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Real Estate Prices & Overview

Median real estate price in the Town Center of Avon is $1,240,968, which is more expensive than 95.3% of the neighborhoods in Colorado and 94.6% of the neighborhoods in the U.S.

The average rental price in Avon Town Center is currently $2,902, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 78.6% of the neighborhoods in Colorado.

Avon Town Center is a suburban neighborhood (based on population density) located in Avon, Colorado.

Real estate in the Town Center of Avon, CO 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 occupied by a mixture of owners and renters. Many of the residences in the Town Center 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.

Vacant apartments or homes are a major fact of life in Avon Town Center. The current real estate vacancy rate here is 56.8%. This is higher than the rate of vacancies in 99.3% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (43.1%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

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.

Real Estate

Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 56.8% of the residential real estate vacant, the Avon Town Center neighborhood claims the distinction of having a higher vacancy rate than 99.3% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

In addition, the real estate in the Avon Town Center neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 82.2% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 97.0% of American neighborhoods.

Modes of Transportation

Would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the Avon Town Center neighborhood is a fantastic option for bicycle commuters, as 4.9% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 98.2% of the neighborhoods in America.

Also, our research revealed that more commuters here take the bus to work (10.2% ride the bus) than 95.5% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Occupations

The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Avon Town Center neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 13.7% of its workforce, this neighborhood has a greater concentration of government workers than 96.2% of U.S. neighborhoods.

Diversity

Did you know that the Avon Town Center neighborhood has more South American and Dutch ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 9.3% of this neighborhood's residents have South American ancestry and 4.3% have Dutch ancestry.

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 Town Center neighborhood in Avon are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 61.2% of the neighborhoods in America. With 24.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 76.4% 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 Avon Town Center neighborhood, 41.9% 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 32.2% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (13.7%), and 13.4% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Avon Town Center neighborhood is English, spoken by 73.0% of households. Some people also speak Spanish (27.0%).

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 Town Center neighborhood in Avon, CO, residents most commonly identify their ethnicity or ancestry as Spanish (17.6%). There are also a number of people of Italian ancestry (10.8%), and residents who report South American roots (9.3%), and some of the residents are also of Irish ancestry (7.6%), along with some Mexican ancestry residents (7.5%), among others. In addition, 17.6% 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 Avon Town Center neighborhood spend under 15 minutes commuting one-way to work (55.2% of working residents), one of the shortest commutes across America.

Here most residents (55.1%) 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 (20.1%) and 10.2% of residents also ride the bus 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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