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Real Estate Prices & Overview

Powers median real estate price is $465,194, which is less expensive than 69.8% of Colorado neighborhoods and 37.2% of all U.S. neighborhoods.

The average rental price in Powers is currently $2,681, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 41.9% of Colorado neighborhoods.

Powers is an urban neighborhood (based on population density) located in Colorado Springs, Colorado.

Powers 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 owner occupied. Many of the residences in the Powers neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

In Powers, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Powers is very tight compared to the demand for property here.

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 Colorado Springs, the Powers neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

With a real estate vacancy rate of only 0.0%, the Powers neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.

In addition, one way that the Powers neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 95.6% 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.

Furthermore, most neighborhoods are composed of a mixture of ages of homes, but the Powers stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. 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. In fact, 80.8% of the residential real estate here was built in this one time period.

People

Astoundingly, the Powers neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 98.2% of U.S. neighborhoods. This may be because people living here divorce more often than others, or that divorced people move here after they become divorced. If you are divorced, you will be in good company in this particular Colorado Springs neighborhood.

Occupations

With 3.3% of employed workers living in the Powers neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 97.9% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

Modes of Transportation

A unique way of commuting is simply not to. And in the Powers neighborhood, analysis shows that 29.4% 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 96.5% 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.

Diversity

Did you know that the Powers neighborhood has more Lithuanian and Norwegian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.8% of this neighborhood's residents have Lithuanian ancestry and 8.1% have Norwegian ancestry.

Powers is also pretty special linguistically. Significantly, 2.0% of its residents five years old and above primarily speak German/Yiddish at home. While this may seem like a small percentage, it is higher than 96.4% of the neighborhoods in America.

The Neighbors

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 Powers 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 84.9% of the neighborhoods in America. With 10.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 50.7% of U.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 Powers neighborhood, 49.2% 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 37.4% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (10.8%), and 3.3% in the military.

Languages

The most common language spoken in the Powers neighborhood is English, spoken by 92.1% of households. Some people also speak German/Yiddish (2.0%).

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 Powers neighborhood in Colorado Springs, CO, residents most commonly identify their ethnicity or ancestry as German (27.8%). There are also a number of people of Irish ancestry (19.5%), and residents who report Mexican roots (10.9%), and some of the residents are also of Norwegian ancestry (8.1%), along with some Italian ancestry residents (7.6%), 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 Powers neighborhood spend between 15 and 30 minutes commuting one-way to work (49.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (60.1%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (9.4%) . 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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