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Real Estate Prices & Overview

Cherrywood / Challenger Park median real estate price is $739,363, which is more expensive than 69.3% of the neighborhoods in Colorado and 82.1% of the neighborhoods in the U.S.

The average rental price in Cherrywood / Challenger Park is currently $2,911, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 70.3% of the neighborhoods in Colorado.

Cherrywood / Challenger Park is a suburban neighborhood (based on population density) located in Parker, Colorado.

Cherrywood / Challenger Park 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 occupied by a mixture of owners and renters. Many of the residences in the Cherrywood / Challenger Park neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Cherrywood / Challenger Park are 4.4%, which is lower than one will find in 70.4% of American neighborhoods. Demand for real estate in Cherrywood / Challenger Park 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 Parker, the Cherrywood / Challenger Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Diversity

Did you know that the Cherrywood / Challenger Park neighborhood has more British and Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.5% of this neighborhood's residents have British ancestry and 0.7% have Armenian ancestry.

Cherrywood / Challenger Park is also pretty special linguistically. Significantly, 4.0% of its residents five years old and above primarily speak Langs. of India 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 Cherrywood / Challenger Park neighborhood in Parker are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 79.3% of the neighborhoods in America. In addition, 3.8% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 68.8% of America'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 Cherrywood / Challenger Park neighborhood, 47.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 19.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (18.6%), and 14.8% in manufacturing and laborer occupations.

Languages

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 Cherrywood / Challenger Park neighborhood is English, spoken by 92.8% of households. Other important languages spoken here include Langs. of India and Spanish.

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 Cherrywood / Challenger Park neighborhood in Parker, CO, residents most commonly identify their ethnicity or ancestry as German (18.6%). There are also a number of people of English ancestry (14.8%), and residents who report Irish roots (11.4%), and some of the residents are also of Italian ancestry (9.4%), along with some Mexican ancestry residents (6.2%), 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 Cherrywood / Challenger Park neighborhood spend under 15 minutes commuting one-way to work (50.2% of working residents), one of the shortest commutes across America.

Here most residents (70.7%) 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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