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The Woodruff Real Estate and Property Management Agency is a top-performing real estate company that comprises top-rated property managers in America. Some of its main accomplishments in the industry include processing of 18,882+ work orders since April 2009.
Here is everything you need to know about the housing market at zip code 80020.
Zip 80020 is found primarily in Broomfield but also extends to Westminster in Colorado. It covers an area of 19.76 square miles and has a population of 50,491 people.
The median age in this zip code is 36.7, and there is an average of 2.7 people living per household. The U.S median age is 37.4, and the national average for people living per household is 2.6
Nearly 60% of the people living in 80020 are married, and over 50% of the residents have children.
Approximately 76% of the residents are Whites, 14% Hispanics, 6% Asians, and 3.6% non-citizens.
The workforce in 80020 primarily consists of white-collar occupations, and most of its employees work in the IT industry. 7.7% of the workforce in 80020 works from home, while the rest commute to work using public transit or personal means.
On average, it takes about 27.8 minutes to commute one-way in this zip. That's shorter compared to the national average of 26.4 minutes.
Unemployment in 80020 is 2.6%, while that of the nation is at 3.7%.
Job markets in zip code 80020 increased by 2.7% in 2020, and it's projected to increase by 46.9% in the next ten years. The national projection for job market increase in America is 33.5% for the next decade.
Taxes in 80020 are slightly higher than the national averages, consequently raising the zip’s yearly cost of living index to 128.
The sales tax rate here is 8.2%, the income tax rate is 4.6%, and the effective property tax rate is $5.94 per $1,000 home value. The median effective property tax average rate in the U.S. is $11.78 per $1,000 home value.
The average individual income in 80020 is $44,886, meaning that only 18% of the people living here get a yearly pay of less than $15,000. The median income for the entire nation is $27,419.
About 19% of the households in 80020 earn below $45,000 in a year, and niche.com further highlights 80020’s median household income as $94,439. This income is higher than the U.S. average of $55,322 per year.
Zip 80020 generally has 77 public schools within its borders, and a student-teacher ratio of 18:1, and $10,909 is the yearly budget per student. School performance is slightly above average, and approximately 50% of the locals in 80020 have a first degree. The national average for first-degree holders is 31%.
Zip 80020's population density is 2,372 locals per square mile, making it one of the most densely populated zip codes in the Denver Area. 2-bedroom single-family houses are the most common house-types in this zip code.
Unlike its neighboring zip codes, zip 80020 has about 18,011 housing units. About 30% are rent-occupied, and 70% are owner-occupied.
Zip 80020 has a median home value of $366,700, and about 5% of the listed properties are priced below $200,000.
The median rent price in this zip is $1,604 per month, which is higher than the national average of $949. Further analysis reveals that only 14% of the renters in 80020 usually pay a monthly rent of less than $1,000.
The median age of the real estate in 80020 is 30 years, and estimates of 17,341 houses are already occupied.
The Zillow Home Value Index suggests that home value in 80020 increased by 7.6% over the past year. Future projections indicate that prices will rise by 5.5% by next year. Home prices in this zip code appreciated at a pace of 76.7% in the last decade. This pace equates to a yearly home appreciation rate of 6.7%.
These rates are excellent for both short-term and long-term real estate investments for all prospects.
The weather highlight for 80020 includes a summer high of 90 degrees in July, a winter low of 18 degrees in January, a yearly average of 58 inches of snow, and approximately 16 inches of rain per year.
Zip 80020 gets an average of 82 days of precipitation and an annual average of 245 days of sunshine, making June, August, and September the most comfortable months in 80020.
January and December are usually less pleasant.
Best Places awards this zip code an annual comfort index of 7.2/10. This index means that 80020 is more comfortable than most of the zip codes in Colorado. Zip 80020 also ranks as the 1,120th best zip code to live in the U.S., 127th most diverse zip code in Colorado, and 13th best zip code to buy a home in Denver Area.
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.