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Real Estate Prices & Overview

Congress Park East median real estate price is $974,073, which is more expensive than 87.3% of the neighborhoods in Colorado and 89.9% of the neighborhoods in the U.S.

The average rental price in Congress Park East is currently $2,239, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 65.5% of Colorado neighborhoods.

Congress Park East is a densely urban neighborhood (based on population density) located in Denver, Colorado.

Congress Park East 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 single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Congress Park East neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Congress Park East has a 9.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 60.4% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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 Denver, the Congress Park East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 6.2% of residents in the Congress Park East neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 98.9% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Also, more people ride the bus in this neighborhood each day to get to work than 95.9% of U.S. neighborhoods.

People

If knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Congress Park East neighborhood, where 37.1% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.4% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 96.0% of the neighborhoods in America.

Diversity

Did you know that the Congress Park East neighborhood has more Iranian and Welsh ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.4% of this neighborhood's residents have Iranian ancestry and 2.6% have Welsh ancestry.

Congress Park East is also pretty special linguistically. Significantly, 1.1% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 97.9% of the neighborhoods in America.

Migration / Stability

Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the Congress Park East neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 96.8% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

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 Congress Park East neighborhood in Denver are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 56.2% of the neighborhoods in America. With 12.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 55.9% 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 Congress Park East neighborhood, 67.5% 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 16.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.8%), and 5.0% in manufacturing and laborer 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 Congress Park East neighborhood is English, spoken by 85.3% of households. Other important languages spoken here include Spanish, Italian, Chinese and Polish.

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 Congress Park East neighborhood in Denver, CO, residents most commonly identify their ethnicity or ancestry as Irish (16.2%). There are also a number of people of German ancestry (16.1%), and residents who report Mexican roots (10.2%), and some of the residents are also of English ancestry (9.4%), along with some Italian ancestry residents (6.5%), among others. In addition, 10.6% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Congress Park East neighborhood spend between 15 and 30 minutes commuting one-way to work (50.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (47.4%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (11.9%) and 6.2% of residents also bicycle for their daily commute. 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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