Five Points median real estate price is $563,378, which is more expensive than 43.3% of the neighborhoods in Colorado and 70.1% of the neighborhoods in the U.S.
The average rental price in Five Points is currently $2,739, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 71.1% of the neighborhoods in Colorado.
Five Points is a densely urban neighborhood (based on population density) located in Denver, Colorado.
Five Points 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 renter occupied. Many of the residences in the Five Points neighborhood are newer, built in 2000 or more recently. A number of residences were also built before 1940.
Home and apartment vacancy rates are 6.1% in Five Points. NeighborhoodScout analysis shows that this rate is lower than 57.9% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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 Denver, the Five Points neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
A unique way of commuting is simply not to. And in the Five Points neighborhood, analysis shows that 38.4% 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 98.7% 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.
Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 4.1% of residents in the Five Points neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 97.5% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
Finally, more people in Five Points choose to walk to work each day (16.0%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
The Five Points neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 92.7% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
In addition, 93.2% of the real estate in the Five Points neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Furthermore, one of the really unique and interesting things about the look and setting of the Five Points neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 84.6% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 97.4% of all neighborhoods in America.
Also of note, if you like the look and ambience of new homes and newly built neighborhoods, you will love the Five Points neighborhood. A whopping 68.6% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 95.2% of the neighborhoods in the U.S. Everything here just feels new.
The types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. NeighborhoodScout's exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 58.1%. This is a higher percent living alone than we found in 98.4% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse.
In addition, a unique characteristic about the people in the Five Points neighborhood is that a majority of them are young, single professionals. In fact, there are more young, single professionals in this one community than 95.1% of neighborhoods in the U.S. Here you'll find an active nightlife nearby with lots of opportunities to flirt and find romance.
Did you know that the Five Points neighborhood has more Swiss and Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.4% of this neighborhood's residents have Swiss ancestry and 2.5% have Iranian ancestry.
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 Five Points 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.
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 Five Points neighborhood in Denver are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 43.5% of the neighborhoods in America. With 37.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 88.1% 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 Five Points neighborhood, 65.4% 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 16.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (9.4%), and 8.5% in manufacturing and laborer occupations.
Languages
The most common language spoken in the Five Points neighborhood is English, spoken by 89.7% of households. Some people also speak Spanish (7.2%).
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 Five Points neighborhood in Denver, CO, residents most commonly identify their ethnicity or ancestry as German (16.0%). There are also a number of people of Irish ancestry (15.9%), and residents who report Mexican roots (13.5%), and some of the residents are also of English ancestry (7.1%), along with some Italian ancestry residents (6.6%), 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 Five Points neighborhood spend under 15 minutes commuting one-way to work (38.7% of working residents), one of the shortest commutes across America.
Here most residents (31.7%) 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 (16.0%) and 7.1% of residents also take the train 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.
