Peterson Air Force Base median real estate price is $301,602, which is less expensive than 90.6% of Colorado neighborhoods and 59.9% of all U.S. neighborhoods.
The average rental price in Peterson Air Force Base is currently $3,092, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 77.4% 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.
Real estate vacancies in Peterson Air Force Base are 4.1%, which is lower than one will find in 72.9% of American neighborhoods. Demand for real estate in Peterson Air Force Base 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.
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.
People
Of note is NeighborhoodScout's research finding that the Peterson Air Force Base neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Peterson Air Force Base community truly stands out from the rest in this regard.
In addition, an extraordinary 12.3% of the residents of the Peterson Air Force Base neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.
Occupations
The Peterson Air Force Base neighborhood stands out nationally for having a greater proportion of its residents active in the military than 99.9% of other U.S. neighborhoods. If you come here, you will notice military people active in their jobs, going to and from work, and in plain clothes out and about the neighborhood.
Real Estate
100.0% of the real estate in the Peterson Air Force Base neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
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, 42.0% of the residential real estate here is classified as row houses and attached homes.
Furthermore, one way that the Peterson Air Force Base neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 96.2% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
Also of note, if you like the look and ambience of new homes and newly built neighborhoods, you will love the Peterson Air Force Base neighborhood. A whopping 67.3% 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 95.3% of the neighborhoods in the U.S. Everything here just feels new.
Modes of Transportation
More people in Peterson Air Force Base choose to walk to work each day (15.1%) 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.
Length of Commute
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. 59.1% 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 95.8% of U.S. neighborhoods. Less time commuting means more time for other things in life.
Migration / Stability
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Peterson Air Force Base neighborhood. 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 98.8% 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 Peterson Air Force Base neighborhood has more Welsh ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.4% of this neighborhood's residents have Welsh 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 69.9% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America's neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Peterson Air Force Base neighborhood, 39.3% of the working population is employed in the military. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 37.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (32.8%), and 15.3% 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 Peterson Air Force Base neighborhood is English, spoken by 85.7% of households. Other important languages spoken here include Italian, Spanish and Tagalog (the first language of the Philippine region).
Ethnicity / Ancestry
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Peterson Air Force Base neighborhood in Colorado Springs, CO, residents most commonly identify their ethnicity or ancestry as Irish (16.3%). There are also a number of people of German ancestry (16.2%), and residents who report English roots (9.3%), and some of the residents are also of Mexican ancestry (8.3%), along with some Asian ancestry residents (7.3%), 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 (59.1% of working residents), one of the shortest commutes across America.
Here most residents (69.0%) 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 (15.1%) and 13.3% 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.
