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Buying your dream home, putting the one you own on sale, or merely exploring your property's rental options requires plenty of research and up to date knowledge about specific markets. Collaborating with top-rated property and real estate management firms not only helps you save time but also protect and grow your real estate investment.
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 80123.
Zip 80123 is a middle-class zip code that extends through Denver, Little ton, Lakewood, Columbine, Ken Caryl, Bow Mar, and Columbine Valley neighborhoods in Colorado. Mainly found in Jefferson County, this zip covers 11.88 square miles and hosts around 47,821 people.
The median age in this zip code is 41, and its average number of people living per household is 2.4. The U.S median age is 37.4, and the national average for people living per household is 2.6
Nearly 57% of the people living in 80123 are married, and slightly more than 43% of the residents have children. Zip 80123 ranks as the 62nd most diverse zip code in Denver and its population comprises 77% Whites, 15% Hispanics, and 5% Asians.
Non-citizens only account for about 2.4%.
More than 6% of the workforce in 80123 works from home, while more than 87% commutes to their workplace using public transit or personal means. A standard one-way commute roughly takes an average of 28.3 minutes in this zip code, and it’s slightly longer than the national average of 26.4 minutes.
Unemployment in 80123 is 2.3%, while that of the nation is at 3.7%.
Job markets in 80123 increased by 2.1% in 2020 and might increase by 45% in the next ten years. That's higher than the national projection of 33.5%.
Zip 80123 has a yearly cost of living index of 128.2.
The sales tax rate here is 7.7%, the income tax rate is 4.8%, and the effective property tax rate is $6.00 per $1,000 home value. The median U.S. property tax average rate is $11.78 per $1,000 home value.
The average resident income in 80123 is $43,580, and approximately 19% of the people living here earn below $15,000 per year. The median income for the entire nation is $31,133.
Over 57% of the households in 80123 earn beyond $75,000, bringing the median household income in this zip code to $83,074 per year. This income is higher than the U.S. average of $62,843 per year.
Zip code 80123 has 101 public schools, and it ranks as the 42nd zip code with the best public schools in Denver. The student-teacher ratio in this zip is 18:1, and approximately 48% of the locals in 80123 have a minimum of a bachelor's degree certification. Zip code 80123 usually allocates a yearly budget of $9,727 per student.
Zip 80123 has a population density of about 3,772 locals per square mile and mainly has a dense suburban setting.
From 19,351 housing units, this zip code generally has an owner-occupancy rate of 72%, and 28% of its houses are rent-occupied.
Zip 80123 has a median home value of $390,100, and approximately 7% of its listings have a value of less than $200,000.
The median rent price in this zip is $1,541 per month, which is higher than the national average of $1,061. This rent data also means that around 9% of the renters in 80123 pay less than $1,000 per month.
The median age of the real estate in 80123 is 31 years.
The Zillow Home Value Index suggests that home value in 80123 increased by 8.4% over last year. Future projections indicate that prices will rise by 5.4% in the coming year. Home prices in this zip code appreciated at a pace of 81% in the last decade. This pace equates to a yearly home appreciation rate of 6.9%.
The weather highlight for 80123 includes a summer high of 87 degrees in July, a winter low of 18 degrees in January, an average of 69 inches of snow throughout the year, and an annual average of 18 inches of rain.
Zip 80123 gets a yearly average of 83 days of precipitation and 245 days of sunshine, making June, August, and September the most comfortable months in 80123. December and January are mainly unpleasant.
Best Places awards this zip code an annual comfort index of 7.3/10, and niche ranks it as the 44th most family-friendly zip code 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.