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Real Estate Prices & Overview

Gateway Park median real estate price is $344,369, which is less expensive than 86.4% of Colorado neighborhoods and 53.0% of all U.S. neighborhoods.

The average rental price in Gateway Park is currently $2,460, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 52.9% of Colorado neighborhoods.

Gateway Park is a suburban neighborhood (based on population density) located in Colorado Springs, Colorado.

Gateway Park 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 Gateway Park 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 Gateway Park, the current vacancy rate is 1.7%, which is a lower rate of vacancies than 88.1% of all neighborhoods in the U.S. This means that the housing supply in Gateway Park is very tight compared to the demand for property here.

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.

Occupations

With 2.7% of employed workers living in the Gateway Park neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 97.3% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

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 Gateway Park 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 54.8% of the neighborhoods in America. With 19.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 67.3% 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 Gateway Park neighborhood, 27.3% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 26.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (25.5%), and 21.2% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Gateway Park neighborhood is English, spoken by 84.5% of households. Some people also speak Spanish (12.0%).

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 Gateway Park neighborhood in Colorado Springs, CO, residents most commonly identify their ethnicity or ancestry as Mexican (24.4%). There are also a number of people of German ancestry (9.2%), and residents who report Irish roots (7.7%), and some of the residents are also of Spanish ancestry (4.4%), along with some English ancestry residents (3.8%), among others.

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 Gateway Park neighborhood spend between 15 and 30 minutes commuting one-way to work (50.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (71.4%) 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 (17.0%) . 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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