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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 Company not only prioritize protecting your real estate investment but also help them grow.
Woodruff property managers are highly experienced and have processed more than 18,882 work orders since April 2009. For more housing market insights and personalized real estate help, call (720) 724-9794 or email email@example.com now.
Here is everything you need to know about the housing market at zip code 80014.
Zip code 80014 generally covers 7.06 square miles and is found in Cherry Creek District in Arapahoe County, Colorado. Its primary area code is 303, and its borders extend towards Denver, Aurora, and Lakewood communities in Colorado.
This zip has a population density of approximately 5,201 people per square miles and a population size of 39,333 people.The ethnic composition in zip code 80014 consists of 60% Whites, 17% Hispanics, and 12% African Americans.
About 25% of 80014’s population are below 25 years.
The U.S. Bureau of Labor Statistics reports that the unemployment rate at 80014 is 2.7% relative to the national unemployment rate of 6.7%.
The per capita income for a typical household of four in zip code 80014 is $58,386, to mean that nearly 98% of these families earn below $150,000 per year.
These financial estimates additionally indicate that zip 80014 has a median individual income of $34,974. Approximately 19% of the people working within this zip code get a yearly income of less than $15,000.
Relative to the national individual income average of $27,419, the poverty rate in 80014 is 8.4%. Job markets within zip code 80014 increased by 2.8% in 2020 and are projected to grow by 42.5% in the next ten years.
Zip code 80014 has a sales tax rate of 8.0%, an income tax rate of 4.7%, and an effective property tax rate is $5.75 per $1,000 home value. Best Places highlights the effective U.S. property tax average rate as $11.78 per $1,000 home value.
Zip 80014’s one-way commute average is 26.2 minutes, and 5.9% of the workforce comprises remote workers.
With only 78 public schools, approximately 40% of the people living in zip code 80014 are first-degree holders. The national average for first-degree holders is 31%.
The average student-teacher ratio in most of zip code 80014's schools is 17:1, and the zip spends about $11,142 per student.
Zip 80014 generally is an urban area, and the median age for its real estate is 36.8.
Zillow Home Value Index estimates the current median home value for a middle price-tier property in 80014 to be $337,784. Relative to the national average home value of $320,000, the 80014 real estate market is closely trailing most of the other zip codes in America in terms of competitiveness.
Single-family apartments and condominiums are the most preferred house types in zip code 80014. Approximately 57% of the 18,960 homes in this zip are owner-occupied. The remaining 43% are rent-occupied.
The number of occupied homes in zip code 80014 was 17,459 at the start of February 2021, and the average rent price in this zip is $1,389.
Home appreciation rates within 80014 averaged to a yearly pace of 7.1% in 2020 and 91.2% for the past ten years. These rates make the housing market in 80014 perfect for both long-term and short-term real estate investments.
The Best Places website estimates that this zip has a violent crime rate of 33 and a property crime rate of 47.4. Factors such as the rising real estate costs, lower property tax rates, faster vaccine administration, and plenty of open space are likely to cause a boom in 80014’s housing market this year.
Zip 80014 has yearly climate averages of 18 inches of rain, 60 inches of snow, and roughly 245 sunny days.
Weather data approximate to yearly averages for 80014 as 82 days of precipitation, summer highs of 870 in July, and a winter low of 190 in January.
With an annual comfort index of 7.3/10, the most comfortable months in zip code 80014 are June, August, and September. December and January are usually the least favorable months here.
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.