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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 will not only prioritize 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 80031.
Zip 80031 is mainly found in Westminster, Adams County. The zip covers about 8.43 square miles and has a population of more than 35,741.
As the 53rd most diverse zip code in Colorado, zip 80013’s ethnic diversity consists of 66% Whites, 24%Hispanics, and 7% Asians. Non-citizens form up to 4.6% of the local population.
The median age in 80031 is 36.7, and nearly 55% of the locals are married. Approximately 49% of the people living in this zip have children, and around 21%are below 18 years.
The median age in the U.S. is 37.4
Households in 80031 usually accommodate an average of 2.7 people per household, which is higher than the national average of 2.6 people per household.
The current unemployment rate in 80031 is 3.1% relative to a national average of 6.7%. The poverty rate here is slightly more than 5%.
Job market reviews for 80031 indicate that the job market grew by 2.8% in 2020 and might still increase by at least 43.3% in the next ten years.
Niche highlights that 80031 has a median individual income of $38,882 and a median household income of $82,271. Both of these are higher than the national averages of $31,133 and $62,433.
Further income data analysis suggests that only 19% of the people working here earn below $15,000 per year, and about 23% of the households in this zip get less than $45,000 per year.
Zip code 80031 has a sales tax rate of 8.6%, an income tax rate of 4.6%, and an effective property tax rate is $6.31 per $1,000 home value. The effective national property tax average rate is $11.78 per $1,000 home value.
Around 7% of the local workforce in 80031 works from home, as the rest commutes to work. The average one-way commute here takes 26.4 minutes, matching the national average time for a one-way commute.
Zip 80031 has 75 schools in total, and it allocates an annual budget of $10,258 per student.The average pupil-teacher ratio in 80031 is 19:1.
The Great Schools database gives an average rating of 5/10 to all public schools found in this zip code. Approximately 40% of the residents here have attained their first degree. The national average for first-degree holders is 31%.
Based on the current housing stock, proximity to basic amenities, and a population density of about 4,026 individuals per square mile, this zip code is generally a densely populated suburban area.
Zip 80031 hosts more than 35,700 people and has about 13,594 housing units in total. Occupancy in zip code 80031 breaks into 74% owner-occupied residences and 26% rent-occupied homes.
According to niche.com, zip 80031 has a median home value of $348,900 and a median rent of $1,596. These medians are higher than the national averages of $217,500 and $1,062 for home values and rent.
Niche further indicates that only 9% of the current listings cost less than $200,000, and about 15% of the renters in zip code 80031 are paying a monthly rent value of less than $1,000.
Zillow estimates that home values in 80031 rose by 8.9% in 2020 and predicts that the zip's real estate costs will increase by 5.7% by February 2022.Homes within zip code 80031 appreciated at an overall pace of 85.6% in the last decade. This rate translates to an annual estimate of 7.6%, which is perfect for short-term home investments.
Zip 80031’s climate averages include summer highs of 89 degrees in July, a winter low of 19 degrees in January, an average of 18 inches of rain per year, and a yearly average of 69 inches of snow.
This zip code generally gets 87 days of precipitation, 245 days of sun every year, and scores an annual comfort index of 7.2/10.
The Niche website ranks zip 80031 as the 63rd best zip code for families in Denver and 3rd best zip code to live in Adams 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.