Transit Village median real estate price is $984,028, which is more expensive than 86.9% of the neighborhoods in Colorado and 89.8% of the neighborhoods in the U.S.
The average rental price in Transit Village is currently $3,351, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 84.0% of the neighborhoods in Colorado.
Transit Village is a suburban neighborhood (based on population density) located in Boulder, Colorado.
Transit Village 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 townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Transit Village neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Transit Village has a 14.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 76.4% 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.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
People
The Transit Village neighborhood has a greater percentage of children living in poverty (86.7%) than found in 99.6% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.
In addition, one of the most interesting things about the Transit Village neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 53.5% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 97.2% of the neighborhoods in America.
Also, neighborhoodScout's analysis shows that the Transit Village neighborhood has a greater concentration of residents currently enrolled in college than 96.2% of the neighborhoods in the U.S. With 12.7% of the population here attending college, this is very much a college-focused neighborhood.
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 Transit Village neighborhood is a fantastic option for bicycle commuters, as 8.8% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 99.5% of the neighborhoods in America.
Also, in the Transit Village neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 32.2% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 97.9% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
Finally, our research revealed that more commuters here take the bus to work (11.3% ride the bus) than 95.6% 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.
Real Estate
The Transit Village 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 94.3% 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, the real estate in the Transit Village 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, 82.8% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 97.1% of American neighborhoods.
Furthermore, if you like the look and ambience of new homes and newly built neighborhoods, you will love the Transit Village neighborhood. A whopping 73.9% 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 96.5% of the neighborhoods in the U.S. Everything here just feels new.
Migration / Stability
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the Transit Village neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.4% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
Diversity
Did you know that the Transit Village neighborhood has more Iranian and British ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.0% of this neighborhood's residents have Iranian ancestry and 3.1% have British ancestry.
Transit Village is also pretty special linguistically. Significantly, 3.3% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 97.0% of the neighborhoods in America.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Transit Village neighborhood in Boulder are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 71.0% of the neighborhoods in America. With 86.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.6% 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 Transit Village neighborhood, 60.2% 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 27.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.6%).
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 Transit Village neighborhood is English, spoken by 88.8% of households. Other important languages spoken here include Arabic and Spanish.
Ethnicity / Ancestry
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 Transit Village neighborhood in Boulder, CO, residents most commonly identify their ethnicity or ancestry as English (23.9%). There are also a number of people of Irish ancestry (15.0%), and residents who report German roots (14.9%), and some of the residents are also of Asian ancestry (6.2%), along with some Italian ancestry residents (3.9%), among others. In addition, 13.8% of the residents of this neighborhood were born in another country.
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 Transit Village neighborhood spend under 15 minutes commuting one-way to work (48.0% of working residents), one of the shortest commutes across America.
Here most residents (39.0%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (11.3%) and 8.8% of residents also bicycle 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.
