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In fact, Denver is one of three cities in Colorado that scores low in terms of violent crime rate, property crime rate, and transportation fatalities. But as this capital city grows, newcomers are curious about surrounding towns. Below is the Denver suburbs list that will give you information about living in the surrounding areas. The homebuyers won’t be able to outbid real estate investors and would end up renting. The high prices combined with the lack of higher gains have slowed down fixing and flipping investment properties in Denver.
Cities like Loveland & Fort Collins are good for investors looking to get started with rental property ownership at an affordable price. These trends provide a macro look at the growing rental demand. Each real estate market has its own unique supply-demand dynamics with unique neighborhoods that present their own opportunities for investors. Boulder real estate market is another good place to buy investment properties. The Boulder metro area is becoming a high-tech hub, driving up rental rates and property values.
Best Suburbs to Buy a House in the Denver Area
At first glance, the average age of 36 for residents versus 40 for the national average doesn’t sound too promising. However, this long-established city has already been noted as a great place to retire. The coolness factor and job market attract equal numbers of young adults. That is why Millennials make up about 22% of Denver’s population.
Buying investment real estate in a college town is high risk. The second aspect is that conforming loan ceilings in the Denver metro area increased to $684,250. This is $37,050 more than the applicable national conforming limits.
Denver Homes Online
The market stats for November continue to indicate that the Denver housing market is no longer in flux. The real estate market has become more balanced, according to DMAR. Homes are staying on the market for longer periods of time, and home values are up nearly 5% from this time last year. Located about 40 minutes north of Denver, Boulder offers a great city vibe and nightlife with the slightly more intimate feel of a college town. You can find a variety of housing options that range from condos to single-family homes.
As the capital and largest city in the state, Denver hosts the State of Colorado in multiple locations. Nationwide, rents have grown by 12.3% over the past year compared to the 8.8% rise in Denver. For example, rents have grown by 12.8% in Fort Collins and 7.0% in Colorado Springs. The median two-bedroom there costs $1,827, while a one-bedroom goes for $1,186.
Highlands Ranch
It is also home to mining and energy companies such as Halliburton, Smith International, Newmont Mining, and Noble Energy. Here is the latest housing forecast for the Denver MSA. Denver could become a buyer’s market by mid-2023. The second half of the year is seeing a return to normalization. Higher interest rates are already translating to more inventory, lower or flat prices, and longer days in the MLS. But in 2019, it experienced a cooling trend where home values appreciated by a mere 1%.
142,584 or 50% of the households in Denver, CO are renter-occupied while 145,172 or 50% are owner-occupied. Get the latest updates in news, food, music and culture, and receive special offers direct to your inbox. Michael Roberts has written for Westword since October 1990, serving stints as music editor and media columnist. He currently covers everything from breaking news and politics to sports and stories that defy categorization.
Most Popular Apartments in Denver
There is a constant stream of people who will only rent unless they choose to stay after graduation. They may rent a while longer before feeling secure enough to buy a house. One of Denver’s smallest suburbs, Golden has a population of under 25,000. Twenty-five minutes from Denver, Golden’s median home value is almost $500,000.
NORADA REAL ESTATE INVESTMENTShas extensive experience investing in turnkey real estate and cash-flow properties. We can help you succeed by minimizing risk and maximizing the profitability of your investment property in Denver, Colorado. Colorado Springs is another sizzling hot market for real estate investment in 2020. Forget the Mile High City and invest in the Colorado Springs real estate market. Investing in Denver's real estate can be a worthy investment due to a steady rate of appreciation. There are many reasons why the Denver real estate market is going strong today and is certain to remain strong for years to come.
Marco Santarelli is an investor, author, Inc. 5000 entrepreneur, and the founder of Norada Real Estate Investments – a nationwide provider of turnkey cash-flow investment property. His mission is to help 1 million people create wealth and passive income and put them on the path to financial freedom with real estate. He’s also the host of the top-rated podcast – Passive Real Estate Investing. You don’t want to invest in the Denver housing market and end up losing money because the neighborhood is going downhill. Conversely, areas slated for redevelopment will almost certainly go up. And Denver has known and planned for areas of redevelopment.
The median price of a home in Douglas County is $706,000 compared to Denver which is $659,000. So condos, townhomes or single family — throughout the entire Front Range — the whole Front Range, that’s it! To give you a feel, we would typically have 14,000 units for sale,” said Kelly Moye with the Colorado Association of Realtors.
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