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Real Estate Prices & Overview

Meadow Ln / Village Dr median real estate price is $1,200,477, which is more expensive than 77.7% of the neighborhoods in Colorado and 87.2% of the neighborhoods in the U.S.

The average rental price in Meadow Ln / Village Dr is currently $3,237, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 81.0% of the neighborhoods in Colorado.

Meadow Ln / Village Dr is an urban neighborhood (based on population density) located in Steamboat Springs, Colorado.

Meadow Ln / Village Dr 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 Meadow Ln / Village Dr 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.

Vacant apartments or homes are a major fact of life in Meadow Ln / Village Dr. The current real estate vacancy rate here is 46.3%. This is higher than the rate of vacancies in 98.4% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (42.9%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

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.

Modes of Transportation

Would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the Meadow Ln / Village Dr neighborhood is a fantastic option for bicycle commuters, as 11.0% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 99.7% of the neighborhoods in America.

Also, more people in Meadow Ln / Village Dr choose to walk to work each day (12.7%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

People

Astoundingly, the Meadow Ln / Village Dr neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 99.0% 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 Steamboat Springs neighborhood.

Real Estate

Despite all of the residential real estate here in the Meadow Ln / Village Dr neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 46.3%, which is higher than 98.4% of all U.S. neighborhoods.

In addition, most neighborhoods are composed of a mixture of ages of homes, but the Meadow Ln / Village Dr 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, 84.9% of the residential real estate here was built in this one time period.

Diversity

Did you know that the Meadow Ln / Village Dr neighborhood has more Scots-Irish and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.6% of this neighborhood's residents have Scots-Irish ancestry and 4.8% have Russian ancestry.

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 Meadow Ln / Village Dr neighborhood in Steamboat Springs are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 83.3% of the neighborhoods in America. In addition, 3.6% 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 69.5% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Meadow Ln / Village Dr neighborhood, 53.1% 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 24.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (12.8%), and 9.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Meadow Ln / Village Dr neighborhood is English, spoken by 89.4% of households. Some people also speak Spanish (6.5%).

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 Meadow Ln / Village Dr neighborhood in Steamboat Springs, CO, residents most commonly identify their ethnicity or ancestry as German (22.6%). There are also a number of people of English ancestry (18.0%), and residents who report Scots-Irish roots (7.6%), and some of the residents are also of Italian ancestry (7.3%), along with some Asian ancestry residents (6.3%), 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 Meadow Ln / Village Dr neighborhood spend under 15 minutes commuting one-way to work (38.6% of working residents), one of the shortest commutes across America.

Here most residents (56.0%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (12.7%) and 11.0% 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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