Peterson Air Force Base median real estate price is $357,068, which is less expensive than 86.7% of Colorado neighborhoods and 52.8% of all U.S. neighborhoods.
The average rental price in Peterson Air Force Base is currently $3,016, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 82.4% of the neighborhoods in Colorado.
Peterson Air Force Base is a rural neighborhood (based on population density) located in Colorado Springs, Colorado.
Peterson Air Force Base real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is renter occupied. Many of the residences in the Peterson Air Force Base neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Peterson Air Force Base has a 10.5% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 66.1% 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.
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 Colorado Springs, the Peterson Air Force Base neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
With 40.5% of employed workers living in the Peterson Air Force Base neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 99.9% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.
Renter-occupied real estate is dominant in the Peterson Air Force Base neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 100.0%, which is higher than 99.3% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
In addition, if you love row houses and attached homes, you will probably really like the Peterson Air Force Base neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 35.0% of the residential real estate here is classified as row houses and attached homes.
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Peterson Air Force Base neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 71.4% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 98.8% of U.S. neighborhoods. Less time commuting means more time for other things in life.
In the Peterson Air Force Base neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 17.9% of residents here. This is a higher proportion of walking commuters than we found in 97.9% of American neighborhoods. Get ready to put on your walking shoes if you move here!
NeighborhoodScout's analysis shows that the Peterson Air Force Base neighborhood has a greater concentration of residents currently enrolled in college than 96.4% of the neighborhoods in the U.S. With 12.5% of the population here attending college, this is very much a college-focused neighborhood.
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the Peterson Air Force Base neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.9% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
Did you know that the Peterson Air Force Base neighborhood has more Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.4% of this neighborhood's residents have Jamaican ancestry.
Peterson Air Force Base is also pretty special linguistically. Significantly, 9.1% 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 97.5% of the neighborhoods in America.
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 Peterson Air Force Base neighborhood in Colorado Springs are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 65.7% of the neighborhoods in America. With 12.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 55.4% 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 Peterson Air Force Base neighborhood, 49.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is the military, with 40.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (25.5%), and 16.2% in clerical, assistant, and tech support occupations.
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 Peterson Air Force Base neighborhood is English, spoken by 89.1% of households. Other important languages spoken here include Italian and Spanish.
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 Peterson Air Force Base neighborhood in Colorado Springs, CO, residents most commonly identify their ethnicity or ancestry as German (14.4%). There are also a number of people of Irish ancestry (11.7%), and residents who report English roots (11.2%), and some of the residents are also of Mexican ancestry (11.0%), along with some Jamaican ancestry residents (3.4%), among others.
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 Peterson Air Force Base neighborhood spend under 15 minutes commuting one-way to work (71.4% of working residents), one of the shortest commutes across America.
Here most residents (63.1%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (17.9%) and 14.9% of residents also carpool with coworkers, friends, or neighbors 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.