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Real Estate Prices & Overview

Welby North median real estate price is $391,343, which is less expensive than 80.3% of Colorado neighborhoods and 46.9% of all U.S. neighborhoods.

The average rental price in Welby North is currently $2,356, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 58.1% of Colorado neighborhoods.

Welby North is an urban neighborhood (based on population density) located in Thornton, Colorado.

Welby North real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Welby North 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.

Home and apartment vacancy rates are 7.8% in Welby North. NeighborhoodScout analysis shows that this rate is lower than 49.1% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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 Thornton, the Welby North neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

In the Welby North neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 23.0% of commuters carpool here, which is more than in 95.9% of all U.S. neighborhoods.

Real Estate

If you love row houses and attached homes, you will probably really like the Welby North 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, 25.0% of the residential real estate here is classified as row houses and attached homes.

Diversity

Did you know that the Welby North neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 59.7% of this neighborhood's residents have Mexican ancestry.

Welby North is also pretty special linguistically. Significantly, 0.9% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 95.1% of the neighborhoods in America.

The Neighbors

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 Welby North neighborhood in Thornton are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 50.6% of the neighborhoods in America. In addition, 7.7% 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 56.8% of America'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 Welby North neighborhood, 36.2% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 28.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (23.0%), and 12.6% in clerical, assistant, and tech support 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 Welby North neighborhood is English, spoken by 58.0% of households. Other important languages spoken here include Spanish and Italian.

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 Welby North neighborhood in Thornton, CO, residents most commonly identify their ethnicity or ancestry as Mexican (59.7%). There are also a number of people of Irish ancestry (8.8%), and residents who report German roots (8.6%), and some of the residents are also of English ancestry (3.0%), along with some Spanish ancestry residents (2.4%), among others. In addition, 22.2% of the residents of this neighborhood were born in another country.

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 Welby North neighborhood spend between 15 and 30 minutes commuting one-way to work (35.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (68.8%) 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 (23.0%) . 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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