River North Art District median real estate price is $853,548, which is more expensive than 79.9% of the neighborhoods in Colorado and 86.5% of the neighborhoods in the U.S.
The average rental price in River North Art District is currently $3,712, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 90.6% of the neighborhoods in Colorado.
River North Art District is an urban neighborhood (based on population density) located in Denver, Colorado.
River North Art District 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 renter occupied. Many of the residences in the River North Art District neighborhood are newer, built in 2000 or more recently. A number of residences were also built before 1940.
Real estate vacancies in River North Art District are 3.3%, which is lower than one will find in 78.0% of American neighborhoods. Demand for real estate in River North Art District 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.
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 rate of college educated adults in the River North Art District neighborhood is a unique characteristic of the neighborhood. 82.3% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 34.3% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 98.5% of all U.S. neighborhoods.
In addition, of note, 57.5% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.
Real Estate
If you like the look and ambience of new homes and newly built neighborhoods, you will love the River North Art District neighborhood. A whopping 85.2% 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 98.1% of the neighborhoods in the U.S. Everything here just feels new. In fact, the concentration of newer homes here is so great that they completely dominate the landscape. In most neighborhoods, there is a mixture of ages of residential real estate, but here it is almost completely built during one time frame: 2000 through today.
In addition, the real estate in the River North Art District 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, 78.7% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 96.5% of American neighborhoods.
Furthermore, the River North Art District 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 83.4% 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.
Occupations
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the River North Art District neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 97.6% of all American neighborhoods.
Modes of Transportation
In the River North Art District neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 30.2% 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 97.0% 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.
Length of Commute
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The River North Art District neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the River North Art District neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 58.4% 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 95.5% of U.S. neighborhoods. Less time commuting means more time for other things in life.
Migration / Stability
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the River North Art District neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.6% 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 River North Art District neighborhood has more Greek and Welsh ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.5% of this neighborhood's residents have Greek ancestry and 2.5% have Welsh ancestry.
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 River North Art District neighborhood in Denver are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 69.2% of the neighborhoods in America. With 57.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 96.3% 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 River North Art District neighborhood, 48.9% 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 42.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (6.1%), and 2.1% in manufacturing and laborer occupations.
Languages
The most common language spoken in the River North Art District neighborhood is English, spoken by 95.6% of households. Some people also speak Spanish (2.5%).
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 River North Art District neighborhood in Denver, CO, residents most commonly identify their ethnicity or ancestry as Spanish (22.3%). There are also a number of people of English ancestry (20.8%), and residents who report Italian roots (16.6%), and some of the residents are also of Irish ancestry (13.5%), along with some German ancestry residents (11.1%), 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 River North Art District neighborhood spend under 15 minutes commuting one-way to work (58.4% of working residents), one of the shortest commutes across America.
Here most residents (63.2%) 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.
