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Real Estate Prices & Overview

Shanahan Ridge / Eldorado Springs median real estate price is $1,013,114, which is more expensive than 88.1% of the neighborhoods in Colorado and 91.3% of the neighborhoods in the U.S.

The average rental price in Shanahan Ridge / Eldorado Springs is currently $3,276, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 84.7% of the neighborhoods in Colorado.

Shanahan Ridge / Eldorado Springs is a rural neighborhood (based on population density) located in Boulder, Colorado.

Shanahan Ridge / Eldorado Springs 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 Shanahan Ridge / Eldorado Springs neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Shanahan Ridge / Eldorado Springs are 5.3%, which is lower than one will find in 64.8% of American neighborhoods. Demand for real estate in Shanahan Ridge / Eldorado Springs 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.

Notable & Unique Neighborhood Characteristics

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

Some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 55.3% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 99.6% of U.S. neighborhoods, where the average American neighborhood has 13.4% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.

In addition, if you are planning to retire in Colorado, this neighborhood should be on your must-see list. For many reasons, Shanahan Ridge / Eldorado Springs may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Colorado, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 95.4% of neighborhoods in CO. If a Colorado retirement is in your future, this neighborhood should be one of the places you visit. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for urban sophisticates and highly educated executives.

Modes of Transportation

A unique way of commuting is simply not to. And in the Shanahan Ridge / Eldorado Springs neighborhood, analysis shows that 37.8% 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 99.3% 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.

Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 5.8% of residents in the Shanahan Ridge / Eldorado Springs neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 98.6% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Occupations

Executives, managers and professionals make up 77.2% of the workforce in the Shanahan Ridge / Eldorado Springs neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 98.4% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Real Estate

Many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Shanahan Ridge / Eldorado Springs neighborhood could be your paradise. With 26.1% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 4.2% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.

Diversity

Did you know that the Shanahan Ridge / Eldorado Springs neighborhood has more Belgian and Welsh ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.2% of this neighborhood's residents have Belgian ancestry and 2.8% have Welsh ancestry.

Shanahan Ridge / Eldorado Springs is also pretty special linguistically. Significantly, 3.5% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 96.2% 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 Shanahan Ridge / Eldorado Springs neighborhood in Boulder are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 85.7% of the neighborhoods in America. In addition, 5.3% 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 63.5% 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 Shanahan Ridge / Eldorado Springs neighborhood, 77.2% 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 11.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (6.5%), and 4.6% 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 Shanahan Ridge / Eldorado Springs neighborhood is English, spoken by 89.8% of households. Other important languages spoken here include French and Chinese.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Shanahan Ridge / Eldorado Springs neighborhood in Boulder, CO, residents most commonly identify their ethnicity or ancestry as German (21.4%). There are also a number of people of English ancestry (20.8%), and residents who report Irish roots (10.8%), and some of the residents are also of Scottish ancestry (5.5%), along with some Italian ancestry residents (5.3%), among others. In addition, 11.7% 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 Shanahan Ridge / Eldorado Springs neighborhood spend between 15 and 30 minutes commuting one-way to work (52.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (42.6%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (8.5%) and 5.8% 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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