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Real Estate Prices & Overview

Tower Triangle median real estate price is $488,847, which is more expensive than 32.1% of the neighborhoods in Colorado and 64.0% of the neighborhoods in the U.S.

The average rental price in Tower Triangle is currently $2,564, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 62.5% of the neighborhoods in Colorado.

Tower Triangle is a suburban neighborhood (based on population density) located in Aurora, Colorado.

Tower Triangle real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Tower Triangle 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 Tower Triangle, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Tower Triangle 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.

Real Estate

With a real estate vacancy rate of only 0.0%, the Tower Triangle neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.

In addition, most neighborhoods are composed of a mixture of ages of homes, but the Tower Triangle 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, 94.0% of the residential real estate here was built in this one time period.

Occupations

The Tower Triangle neighborhood stands out nationally for having a greater proportion of its residents active in the military than 96.8% of other U.S. neighborhoods. If you come here, you will notice military people active in their jobs, going to and from work, and in plain clothes out and about the neighborhood.

Diversity

Did you know that the Tower Triangle neighborhood has more Dutch ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.9% of this neighborhood's residents have Dutch ancestry.

Tower Triangle is also pretty special linguistically. Significantly, 0.3% of its residents five years old and above primarily speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher than 97.1% of the neighborhoods in America.

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 Tower Triangle neighborhood in Aurora are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 46.9% of the neighborhoods in America. In addition, 3.3% 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 69.9% 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 Tower Triangle neighborhood, 30.4% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 25.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (22.3%), and 22.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Tower Triangle neighborhood is English, spoken by 62.1% of households. Some people also speak Spanish (34.3%).

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 Tower Triangle neighborhood in Aurora, CO, residents most commonly identify their ethnicity or ancestry as Mexican (38.3%). There are also a number of people of German ancestry (8.1%), and residents who report Dutch roots (4.9%), and some of the residents are also of Irish ancestry (4.7%), along with some English ancestry residents (3.7%), among others. In addition, 19.4% of the residents of this neighborhood were born in another country.

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 Tower Triangle neighborhood spend between 15 and 30 minutes commuting one-way to work (40.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (69.1%) 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 (14.9%) . 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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