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Finding an excellent property manager requires a lot of research and time. Top-rated property management companies such as the Woodruff Real Estate and Property Management understand not only prioritizes protecting your real estate investment but also helps them grow.
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Here is everything you need to know about the housing market at zip code 80011.
Zip 80011 covers an average land area of 24.65 square miles and is mainly found in Aurora, Colorado. Zip 80011 shelters approximately 52,172 people and has an outstanding population density of about 1,925 individuals per square mile.
Its local racial makeup mainly consists of 47% Hispanics, 27% Whites, 17% African Americans, and 6% Asians. About 36% of the people living in this zip are below 25 years.
With only 16,223 occupied housing units, the median age estimate in 80011 is 30.3, and the average number of people per household is 3.0.
46.1% of the people living here are married, and about 58% of the overall population have children.
The Best Places website caps the average cost of living in 80011 at 114.6. The national cost of living index is 100. The average individual income in 80011 is $29,234, and its median household income is $51,461 per year.
The job market in zip code 80011 increased by 2.8% in 2020, bringing unemployment to 3.6%. Prospects expect the job market here to continue growing at a pace of 42.5% for the next ten years relative to the 33.5% national estimate.
This zip has a sales tax rate of 8.0%, an income tax rate of 4.7%, and an effective property tax rate is $6.48 per $1,000 home value. The median U.S. property tax average rate is $11.78 per $1,000 home value.
Over 87% of the working population in this zip commutes to work. The average one-way commute in 80011 takes about 28.6 minutes.
Zip 80011 has 39 public schools and two private ones. The zip generally spends $9,673 per student, and the average student-teacher ratio in these schools is 20:1.
Only 13% of zip code 80011's population have attained a minimum of a bachelor’s degree certification. Other estimates include a student-librarian ratio of 2,198:1 and a student-counselor ratio of 349:1.
Zip 80011 is widely known for its dense suburban area feel, and its residential market includes 52% owner-occupied properties and 48% rent-occupied residences.
The median home value in 80011 is $220,800. Only 2% of its current listings cost beyond $400,000. The current national home value estimate is $184,700.
According to Niche, $1,258 is the median rent in 80011, and $949 is the national median. Further analysis shows that only 4% of the renters in this zip code pay over $2,000 per month.
Redfin.com caps the asking price for a 1-bedroom listed apartment at $142,000, an 8.3% increase from 12 months ago. The housing market in zip code 80011 currently has an 11% shortage in the number of homes for sale, and sellers are profiting from the median sales price of $348,000 compared to the median list price of $329,000.
Zip 80011’s real estate has a median age of 40 years, and the zip takes pride in its historical culture. The fact that zip 80011 has more housing units for renting and that its real estate costs are above average, this local housing market is genuinely ripe for high-end investments.
Single-family detached homes are the most prevalent residential types in 80011.
Realtor.com states that apart from the 211 active properties with a median listing price of $340,000 available at the start of the year, people looking to buy in this zip were actively interested in single-family homes and condominiums.
The median home closed sale price in 80011 is $310,600, and the annual real estate appreciation rate for houses within this zip was 8.6% for the last ten years. At this pace, 80011 guarantees home investors a steady stream of returns of interest.
With an annual comfort index of 7.2/10, both January and July are the only months that 80011 experiences extreme temperatures of 180 and 900. The rest of the year is pleasant, but you should note that 80011 get 245 sunny days and about 80 days of precipitation per year. Zip 80011 generally ranks as 159th best zip code for families in Colorado, 94th best zip code to live in Denver, and 4th most diverse zip code in Arapahoe County.
We don't charge any up front fees. Not even a "Non-Refundable Set-Up Fee." If we don't perform, you don't pay. There are no "hidden fees" in our contracts.
Over 85% of renters now find their next home online. We post your property to over 200 web-sites and 150 media sites. More advertising means less time on the market and more money in your pocket.
All our contracts, leases, and documents are signed digitally. Tenant and Owner On-line Portals allow 24/7 access to all invoices, documents, statements, reports, and financials.
When the tenant prospects need to see the rentals. Our competition shows during normal business hours.
We are so confident in our Tenant Qualification Process that, if we have to evict a tenant we qualified and moved into a property we manage, we find a new tenant at no cost (we will not charge a leasing fee). This is a FREE service, not an "Eviction Protection Plan."
We use ACH direct deposit to collect rent and pay our owners so we can pay you up to 10 days faster than our competition… in time for your mortgage payment. We don’t start you out a month behind on paying your mortgage.
The National Average is only 60% returned / answered calls. Our voicemail will never say: “We will get back to you within 48 hours”
We ask for approval on all work orders so you don’t get surprised when you receive your statement. We don’t have an in-house maintenance staff that we pay $15 per hour and bill out at $50 per hour. Rather, we use our buying power to get discounts of 10-50% from our Preferred Vendors… and pass that savings directly on to you. We don’t have hazy language in our contracts that allow us to mark up any invoice for any amount at our discretion.
We are trained professionals who know how to negotiate and facilitate the rental process. We will get the highest possible rent for you, and, as an added bonus, you get the benefit of our years of real estate experience and accumulated knowledge.