Tuesday, December 8, 2020

Highlands Ranch Housing Market: House Prices & Trends

This value will be high in neighborhoods that attract new residents from around the country, and low in places where most residents grew up within the same state. The measure is defined as the number of vehicles registered per household, as a percentage of all households in the neighborhood. Percent Currently Active in the MilitaryThese are people currently active in the military. Age groups present in the neighborhood, as a percentage of the total population. Neighborhoods that score highest for mixed ages have the most equitable distribution across all age groups, from infants to senior citizens, all living in the same neighborhood. A neighborhood’s character describes its personality and the feeling one gets when experiencing the neighborhood as a true resident.

Other residents here are employed in manufacturing and laborer occupations (10.5%), and 7.4% in clerical, assistant, and tech support occupations. Significantly, 6.6% 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 95.4% of the neighborhoods in America. Did you know that the Highlands Ranch neighborhood has more British and Norwegian ancestry people living in it than nearly any neighborhood in America?

Schools In This District

The average homes sell for about 1% below list price and go pending in around 22 days. SCOUT’s patented match algorithm identifies the most similar neighborhoods to a subject location, and quantifies the similarity to the subject location. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research. We measure the average annual increase or decrease in unemployment in the neighborhood over the most recent 5 years.

average home price in highlands ranch co

This graph plots how this neighborhood falls on two of the most important and defining dimensions for a neighborhood - educational attainment of adults living in the neighborhood, and household income. These two elements more than most others, define a neighborhood and help to create its character. Where the two intersect is where the dot is plotted representing this neighborhood.

The Neighbors: Income

This information is being provided for the consumer's personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. The algorithm uses 273 neighborhood conditions, identifies the dominant dimensions underlying the conditions and calculates the similarity. This captures the true culture and character of locations, economic conditions, and trends.

When distinct census tracts are blended together in a single Zip Code, the data reflects their average conditions and often gives a false sense of the area. The result is that potentially great matching neighborhoods can be missed, and erroneous matches can also be produced and delivered to you. In November 2022, Eastridge home prices were up 3.2% compared to last year, selling for a median price of $620K. On average, homes in Eastridge sell after 23 days on the market compared to 5 days last year. There were 63 homes sold in November this year, down from 98 last year.

comparable neighborhoods nearby

ClimateCheck™ analyzes a property's risk from climate change using the latest modeling and data from climate scientists, universities, and federal agencies. The average homes sell for about 2% below list price and go pending in around 18 days. The average homes sell for about 1% below list price and go pending in around 17 days.

While the cost of living is slightly higher than the national median, Highlands Ranch does boast views and recreational opportunities that are unequaled in many other parts of the country. Residents are able to combine the convenience of living in a metropolitan area along with a myriad of outdoor activities. These individuals have made Highlands Ranch both their home and their jumping off point for outdoor adventures.

The highest resolution product in existence: forecasts to the micro-neighborhood (nearly 10X smaller than a Zip Code).

If concerts, sporting events or amusement parks are your thing, we have the that takes you to several different places in downtown Denver. You can go to the theater district to see plays, or the Pepsi Center for games/concerts, Sports Authority Field , and Elitches for thrill rides. Most neighborhoods are full of families with school age kids, but there are a few neighborhoods with mostly retired or single people like "The Villages by Oakwood" for example.

average home price in highlands ranch co

Also, if you are looking for good shopping, Park Meadows Mall is in Highlands Ranch. There are a couple of resevoirs nearby, so folks that enjoy watersports can enjoy boating and fishing. I've had the chance to stay in Highlands Ranch, CO a couple of times in the last ten years.

(Ranked in the middle 30% of all neighborhoods in the nation for investment security). (Ranked in the bottom 35% of all neighborhoods in the nation for investment security). (Ranked in the bottom 10% of all neighborhoods in the nation for investment security).

average home price in highlands ranch co

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. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

But if you are single, you might not find many other singles here. In Highlands Ranch, the current vacancy rate is 1.9%, which is a lower rate of vacancies than 88.6% of all neighborhoods in the U.S. This means that the housing supply in Highlands Ranch is very tight compared to the demand for property here. Census tracts are small, relatively permanent subdivisions of a county that are defined by the U.S. Census Bureau in conjunction with local authorities all across the country to define real neighborhoods that are bounded to contain areas with homogeneous population characteristics . Census tracts usually have 4,000 persons, but can range between 1,500 and 8,000 persons.

average home price in highlands ranch co

The most common language spoken in the Highlands Ranch neighborhood is English, spoken by 95.3% of households. Other important languages spoken here include Italian and Spanish. Of note is NeighborhoodScout's research finding that the Highlands Ranch neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States.

Real Estate Prices and Overview

We measure the average annual increase or decrease in household income in the neighborhood over the most recent 5 years. We calculate rental price trends as the average annual change in market rent paid in the neighborhood over the latest 5 years. The Scout Vision® Jobs Score Index rates neighborhoods on a 1-5 scale according to how many high paying jobs are within commuting range of the location. We consider short, medium and longer one way commute times of 15, 30, and 45 minutes and sum up the total number of jobs paying at least $75,000 within each. Then every neighborhood is ranked relative to both other neighborhoods in the region and all other neighborhoods in the nation. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age.

average home price in highlands ranch co

Mouse over the descriptions next to the plotted dot for further definition. The percent of all current neighborhood residents who were not living in the same house one year ago. The amount of time spent commuting tells a lot about a neighborhood’s access to jobs and the degree of congestion in the area. The time is calculated for all residents working outside the home. The length of the bars indicate the percentage of neighborhoods in America that this neighborhood is more family-friendly than, more college student friendly than, more luxurious than, and so forth.

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