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Here is everything you need to know about the housing market at zip code 80015.
Zip 80015 is a zip code that extends through Centennial and Aurora cities in Arapahoe County, Colorado. The zip covers about 14.30 square miles and has a population of more than 67,959.
As one of the most ethnically diverse zip codes in Colorado, zip 80015 has a racial diversity of 67% Whites, 13% Hispanics, 8% African Americans, and another 8% for Asians. Only 4.7% of this population is non-citizens.
The median age in 80015 is 35.5, and over 61% of its inhabitants are married. About 66.5% of the people living here have children, and slightly more than 41% of the population are 35 years and above.
The median age in the U.S. is 37.4
Households in 80015 usually accommodate an average of three people, which is higher than the national average of 2.6 people per household.
The current unemployment rate in 80015 is 2.6%, that of the nation is at 6.7%. The poverty rate here is nearly 8% less than that of the entire U.S.
The economy in 80015 is fueled primarily by a blend of both white and blue-collar occupations. Taxes are slightly at par with the national rates, and the annual cost of living index in 80015 is 126.2.
Job market reviews for 80015 indicates that the job market grew by nearly 3% a year ago and is projected to increase by at least 42.5% in the next ten years.
Niche highlights that 80015 has a median individual income of $44,128 and a median household of $100,229. Both of these are higher than the national averages of $27,419 and $55,322.
This income data reveals that close to 90% of the people working here earn $15,000+ per year, and 65% of the households here get $75,000+ per year.
Zip code 80015 has a sales tax rate of 8.0%, an income tax rate of 4.6%, and an effective property tax rate is $7.12 per $1,000 home value. The effective U.S. property tax average rate is $11.78 per $1,000 home value.
7.4% of the local workforce in 80015 works from home, and close to 80% drives to work. The average one-way commute here takes 30.5 minutes. That of the entire nation is 26.4 minutes.
Zip 80015 currently has 32 schools: 25 are public, and the remaining 7 are private institutions. The zip allocates an annual expenditure of $10,029 per student, and there is an overall pupil-teacher ratio of 18:1.
The Great Schools database reports that public school performance in 80015 is above average, and more than 45% of the residents here have attained their first degree. The national average of people with a minimum of a bachelor's degree is 31%.
Based on the overall housing stock, proximity to basic amenities, and a population density of about 4,660 individuals per square mile, zip 80015 generally has a sparse suburban feeling.
With a land size of 14+ miles, this zip hosts more than 66,600 people and has about 23,164 housing units in total. With only 4,408 renter-occupied homes, 82% of the housing units in this zip are owner-occupied.
The majority of the property buildings here are single-family homes with at least two bedrooms.
According to niche.com, zip 80015 has a median home value of $337,300 and a median rent of $1,526. These medians are higher than the national averages of $184,700 and $949 for home values and rent.
This data additionally highlights that 61% of the homes here are priced between $200,000 and $399,000. With 18% of the housing units left for renting, rent for about 66% of these ranges between $1,000 and $1,999.
Zillow estimates that home values in 80015 rose by 7.3% over the last year and predicts that the zip's real estate costs will increase by 10.4% by January next year. In the past ten years, this housing market recorded close to an 82% appreciation rate. This pace equates to a yearly real estate appreciation rate of 6.0%, a perfect quote for short-term home investments.
The climate here generally includes summer highs of 87 degrees in July, a winter low of 17 degrees in January, an average of 18 inches of rain per year, and about 76 inches of snow on average. With an average of 74 days of precipitation and 245 days of pure sunshine, zip 80015 score an annual comfort index of 7.2/10.
The Best Places website ranks zip 80015 as the 595th best zip code for families in the U.S., 30th best zip code to live in Colorado, 6th zip code with the best performing schools in Denver Area, and the 2nd best zip code to purchase a home 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.