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Here is everything you need to know about the housing market at zip code 80022.
Zip code 80022 is a lower-middle-class zip code with an area of 46.05 square miles and is found in Adams County. Both 702 and 303 are its area codes. Its borders extend through Commerce City, Denver, Thornton, Welby, and North Washington in Colorado.
This zip has a population density of approximately 927 people per square mile. That's lower than most zip codes in the nation.
With a population of 50,392 people, zip 80022 has an ethnic diversity of 52% Hispanics and 39% Whites.
Slightly more than half of the population here comprises people aged between 25 and 64 years. This data suggests that zip 80022 has a more young adult population than most neighboring zip codes.
According to data from the U.S. Bureau of Labor Statistics, the unemployment rate at 80022 is now at 3.1% relative to the national unemployment rate is 6.7%.
The per capita income for a typical household of four in zip code 80022 is $64,251. Further economic analysis suggests that only 14% of these families have an income bracket of less than $25,000.
These financial estimates additionally equate to a median individual income of $31,139, meaning that all residents working in zip code 80022 get an income value of more than $15,000.
Relative to the national individual income average of $27,419, the poverty rate in 80022 is 3.1%. Job markets within zip code 80022 increased by 2.8% over the last year and are projected to grow by 46.4% this year.
Zip code 80022 has a sales tax rate of 9.3%, an income tax rate of 4.8%, and an effective property tax rate is $7.80 per $1,000 home value. Best Places highlights the effective U.S. property tax average rate as $11.78 per $1,000 home value.
With only 4.5% of telecommuters, zip 80022’s one-way commute average is 28.5 minutes.
Only 19% of the people living in this zip are first-degree holders. The national average for first-degree holders is 31%.
With access to 43 public schools, some of the best schools serving Commerce City surround zip 80022. The average student-teacher ratio in most of these schools is 17:1, and the zip spends about $11,142 per student.
As a sparsely populated urban area, 56% of the real estate in zip code 80022 are 35+ years old.
Zillow Home Value Index estimates the current median home value for a middle price-tier property in 80022 to be $402,957. Relative to the national average home value of $320,000, the 80022 real estate is slightly more competitive than most similar zip codes in America.
Single-family apartments with at least two bedrooms are the most preferred house type in this zip code. Approximately 69% of the 14,343 homes in zip code 80022 are owner-occupied, and 31% are rent-occupied.
The number of occupied homes in this zip was 13,380 by the end of January 2021, and the average rent price in 80022 now is $1,172.
Home appreciation rates within 80022 averaged to a yearly pace of 8.6% for the last one year and 98.8% for the past ten years. These rates make the housing market in 80022 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 34.0 and a property crime rate of 41.1. Factors such as the rising real estate costs, lower property tax rates, faster vaccine administration, and plenty of green space are likely to cause a boom in 80022’s housing market this year.
Zip 80022 has a general climate average of 16 inches of rain per year, 45 inches of snow per year, and about 245 sunny days in a year.
Climate data approximate yearly averages for 80022 as 85 days of precipitation, summer highs of 890 in July, and a winter low of 180 in January.
With an annual comfort index of 7.3/10, the most comfortable months in zip code 80022 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.