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Real Estate Prices & Overview

Cottonwood Creek median real estate price is $431,725, which is more expensive than 25.8% of the neighborhoods in Colorado and 58.6% of the neighborhoods in the U.S.

The average rental price in Cottonwood Creek is currently $2,372, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 56.9% of Colorado neighborhoods.

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

Cottonwood Creek real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Cottonwood Creek 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 Cottonwood Creek, the current vacancy rate is 3.0%, which is a lower rate of vacancies than 80.4% of all neighborhoods in the U.S. This means that the housing supply in Cottonwood Creek is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Real Estate

Most neighborhoods are composed of a mixture of ages of homes, but the Cottonwood Creek 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, 96.1% of the residential real estate here was built in this one time period.

People

Astoundingly, the Cottonwood Creek neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 95.3% 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.

Diversity

Did you know that the Cottonwood Creek neighborhood has more Ukrainian and Czechoslovakian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.8% of this neighborhood's residents have Ukrainian ancestry and 0.6% have Czechoslovakian ancestry.

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 Cottonwood Creek neighborhood in Colorado Springs are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 52.5% of the neighborhoods in America. With 14.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 58.9% 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 Cottonwood Creek neighborhood, 45.0% 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 20.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (18.5%), and 15.6% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Cottonwood Creek neighborhood is English, spoken by 90.2% of households. Some people also speak Spanish (2.3%).

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 Cottonwood Creek neighborhood in Colorado Springs, CO, residents most commonly identify their ethnicity or ancestry as German (20.2%). There are also a number of people of English ancestry (11.9%), and residents who report Irish roots (8.6%), and some of the residents are also of Mexican ancestry (8.6%), along with some Spanish ancestry residents (6.4%), 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 Cottonwood Creek neighborhood spend between 15 and 30 minutes commuting one-way to work (45.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (74.5%) 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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