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Here is everything you need to know about the housing market at zip code 80111.
Zip 80111 is mainly found in Englewood, in central Colorado. The zip covers about 10.77 square miles and has a population of more than 33,256.
The local racial makeup in zip code 80111 mainly consists of 76% Whites, 12% Asians, and 7%Hispanics. Non-citizens form up to 9.3% of the local population.
The median age in 80111 is 39.2, and about 62% of the locals are married. Approximately 51% of the people living here have children, and 68% of the population is over 25 years.
The median age in the U.S. is 37.4
Households in 80111 usually accommodate an average of 2.5 people per household, which is higher than the national average of 2.6 people per household.
The current unemployment rate in 80111 is 3.2% relative to a national average of 6.7%. The poverty rate here is slightly more than 4%.
Job market reviews for 80111 indicate that the job market grew by 2.8% in 2020 and might still increase by at least 43.5% in the next ten years.
Niche highlights that 80111 has a median individual income of $53,725 and a median household income of $110,499. Both of these are higher than the national averages of $31,133 and $62,433.
Further income data analysis suggests that more than 64% of the people working here earn beyond $35,000 per year, and about 15% of the households in this zip get less than $45,000 per year.
Zip code 80111 has a sales tax rate of 7.3%, an income tax rate of 4.6%, and an effective property tax rate is $6.26 per $1,000 home value. The effective national property tax average rate is $11.78 per $1,000 home value.
Nearly 12% of the local workforce in 80111 works from home, as the rest commutes to work. The average one-way commute here takes 22 minutes. That of the entire nation is 26.4 minutes.
Zip 80111 has 71 schools in total, and it allocates an annual budget of $10,029 per student.The average pupil-teacher ratio in 80111 is 18:1.
The Great Schools database gives most of the schools in zip code 80111 an average rating of 7.5/10, and approximately 72% of the residents here have attained their first degree. The national average of people with a minimum of a bachelor's degree qualification is 31%.
Based on the current housing stock, proximity to basic amenities, and a population density of about 2,688 individuals per square mile, this zip code offers an urban-suburban mix area feel.
Zip 80111 hosts more than 33,200 people and has about 12,511 housing units in total. Occupancy in zip code 80111 breaks into 61% owner-occupied residences and 39% rent-occupied homes.
Single-family homes with more than two bedrooms are the most common home types in the 80111 real estate market.
According to niche.com, zip 80111 has a median home value of $657,000 and a median rent of $1,687. These medians are higher than the national averages of $217,500 and $1,062 for home values and rent.
Niche further indicates that only 13% of the current listings cost less than $400,000, and less than 5% of the renters in zip code 80111 are paying a monthly rent value of less than $1,000.
Zillow estimates that home values in 80111 rose by 6.3% in 2020 and predicts that the zip's real estate costs will increase by 5.3% by February 2022.Homes within zip code 80111 appreciated at an overall pace of 72.2% in the last decade. This rate translates to an annual estimate of 6.6%, which is perfect for short-term home investments.
Zip 80111’s climate averages include summer highs of 87 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 61 inches of snow.
This zip code generally gets 80 days of precipitation, 245 days of sun every year, and scores an annual comfort index of 7.2/10.
The Best Places website ranks zip 80111 as the 87th best zip code to live in the U.S., 1st zip code with the best performing schools in Colorado, 1st most diverse zip code in Denver Area, and 1st most family-friendly zip code 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.