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Aspen Neighborhood Market Intelligence
Aspen represents one of North Davis's most desirable residential enclaves, where contemporary suburban living meets the thoughtful planning that defines this celebrated college town. This relatively new neighborhood attracts families seeking modern homes, excellent schools, and the perfect balance between small-town charm and urban convenience. Located in the northern reaches of Davis, Aspen offers residents easy access to both the University of California, Davis campus and the greater Sacramento metropolitan area, making it an ideal choice for professionals, faculty, and families who value quality of life.
Lifestyle & Amenities
The centerpiece of neighborhood life is Aspen Park, a well-maintained community space that serves as a natural gathering point for residents. The park features playground equipment, open green spaces for recreational activities, and walking paths that encourage an active outdoor lifestyle. Families regularly utilize the park for birthday parties, weekend picnics, and informal neighborhood gatherings that foster the strong sense of community that defines this area.
While Aspen itself maintains a quiet residential character, its proximity to central Davis means residents enjoy easy access to the city's vibrant downtown corridor along G Street and the adjacent University of California campus. The nearby Davis Farmers Market, one of California's premier weekly markets, provides fresh local produce and artisanal goods. Residents frequently bike or drive to the Marketplace shopping center for everyday needs, while the historic downtown offers an array of locally-owned restaurants, cafes, and boutique shops that reflect Davis's commitment to sustainability and community engagement.
- Aspen Park with playground and recreational facilities
- Close proximity to North Davis Elementary School
- Well-connected bike path network throughout Davis
- Easy access to UC Davis campus and facilities
- Nearby Marketplace shopping center for convenient retail
- Quick access to Highway 113 for regional connectivity
Real Estate Market
Aspen's housing market reflects its status as one of Davis's newer and more sought-after neighborhoods, with a median home value of $834,200 that positions it firmly in the luxury market tier. The neighborhood features predominantly single-family homes and townhomes built within the last two decades, showcasing contemporary architectural styles and modern floor plans that appeal to today's homebuyers. These newer constructions typically offer energy-efficient features, open-concept living spaces, and private yards that complement the family-friendly atmosphere.
Properties in Aspen tend to feature larger lot sizes compared to some of Davis's more established neighborhoods, providing residents with enhanced privacy and space for landscaping. The single-family homes often include three to four bedrooms, making them particularly attractive to growing families and professionals who work from home. Townhomes in the area offer a lower-maintenance option while still providing the benefits of homeownership and the neighborhood's desirable amenities.
The real estate market here remains robust, driven by the combination of newer construction, excellent schools, and Davis's overall desirability as a place to live. Properties tend to retain their value well due to the ongoing demand from UC Davis faculty and staff, Sacramento commuters, and families drawn to the area's educational reputation and quality of life.
Schools & Education
Education stands as one of Aspen's strongest selling points, with the neighborhood served by the highly-regarded Davis Joint Unified School District. North Davis Elementary School, located within easy walking or biking distance for most Aspen residents, consistently ranks among the top elementary schools in the region. The school's commitment to academic excellence, combined with strong parent involvement and community support, creates an educational environment that helps students thrive.
Beyond elementary education, students progress through the Davis school system to Holmes Junior High and Davis Senior High School, both of which maintain excellent academic reputations and offer comprehensive programs in arts, sciences, and athletics. The proximity to UC Davis also provides unique educational opportunities, including access to university programs, cultural events, and resources that enrich the educational experience for students of all ages.
Transportation & Connectivity
Aspen benefits from Davis's comprehensive transportation network, with easy access to Highway 113 providing direct connections to Interstate 80 and the broader Sacramento region. The neighborhood's location in North Davis offers convenient access to both the university campus and downtown areas via the city's extensive bike path system, reflecting Davis's commitment to sustainable transportation. Sacramento International Airport lies approximately 30 minutes away via Highway 113 and Interstate 5, making regional and national travel straightforward for residents.
Why Choose Aspen
Aspen attracts residents who value the combination of modern suburban comfort with access to one of California's most livable communities. The neighborhood's newer homes, excellent schools, and family-friendly atmosphere create an environment where children can grow up safely while parents enjoy the cultural and professional opportunities that Davis provides. With a median household income of $69,204, the community reflects a stable, professional population that values education, sustainability, and quality of life.
For those seeking a contemporary home in an established, family-oriented community with access to top-tier schools and the amenities of a university town, Aspen offers an compelling option. The neighborhood represents the best of modern Davis living, combining thoughtful planning with the natural beauty and community spirit that make this area one of Northern California's most desirable places to call home. Explore what Aspen has to offer and discover why so many families choose to build their lives in this exceptional North Davis community.
| Market Metric | Value |
|---|
| Median Home Price | $1,150,000 |
| Median Rent | $3,200/mo |
| Median Household Income | $145,000 |
| Avg. Days on Market | 22 |
| Price per Sq Ft | $625 |
| Average Home Size | 1,840 sq ft |
| Homeownership Rate | 68.0% |
| Renter-Occupied | 32.0% |
| Rent-to-Income Ratio | 26.5% |
| Rental Vacancy Rate | 1.8% |
| Year-over-Year Change | +4.8% |
| Inventory Level | Low |
| Market Type | Seller's Market |
| Market Tier | Luxury |
| Primary ZIP | 95616 |
| Mortgage Originations (2023 HMDA) |
| Total Mortgage Originations | 272 |
| VA Loan Originations | 5 |
| VA Loan Share | 1.8% |
| Average VA Loan Amount | $835,000 |
| Conventional Loan Originations | 263 |
| FHA Loan Originations | 4 |
| Source | FFIEC HMDA Data Browser (2023) |