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Here is everything you need to know about the housing market at zip code 80202.
Zip code 80202 covers an area of 1.12 square miles and is found in Denver County. Zip 80202 mainly covers the LoDo neighborhood in Denver and is located within area code 303.
Hosting around 15,287 people, zip 80202 has an ethnic breakdown of 79% Whites, 9% Hispanics,6% Asians, and 3% African Americans. Its population density is approximately 9,062 people per square mile.
About 17% of the population here comprises people aged below 18, suggesting that zip 80202 has a more middle-aged population than most neighboring zip codes.
According to data from the U.S. Bureau of Labor Statistics, the unemployment rate at 80202 is now at 2.4% relative to the national unemployment rate is 6.7%.
The per capita income for a typical household of four in zip code 80202 is $90,384. Further economic analysis suggests that approximately 17% of these families have an income bracket of less than $45,000.
These financial estimates additionally equate to a median individual income of $58,919, meaning about 60% of those working in zip code 80202 get an income value of more than $35,000.
Relative to the national individual income average of $31,133, the poverty rate in 80202 is 15.4%. Job markets within the zip code increased by 2.8% over the last year and are projected to grow by 45% this year.
Zip code 80202 has a sales tax rate of 7.7%, an income tax rate of 4.8%, and an effective property tax rate is $5.57 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 nearly 14% of telecommuters, zip 80202’s one-way commute average is 22.0 minutes.
With access to 61 public schools, some of the best schools serving Denver surround zip 80202. The average student-teacher ratio in most of these schools is 16:1, and the zip spends about $12,637 per student. About 76% of the people living in this zip are first-degree holders. The national average for first-degree holders is 31%.
Zip 80202 is a densely populated urban area, and the median age for its real estate is 21.
Zillow Home Value Index estimates the current median home value for a middle price-tier property in 80202 to be $563,287. Relative to the national average home value of $320,000, the 80202 real estate is 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 22% of the 8,399 homes in zip code 80202 are owner-occupied, and 78% are rent-occupied.
The number of occupied homes in this zip is 6,761, and the average rent price in 80202 now is $1,757. That’s higher than the national rent median of $1,067.
Home appreciation rates within 80202 averaged to a yearly pace of 6.5% for the last one year and 60.8% for the past ten years. These rates make the housing market in 80202 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 36.4 and a property crime rate of 57.2. Factors such as the rising real estate costs, lower property tax rates, faster vaccine administration, and plenty of open space are likely to cause a boom in zip code 80202’s housing market this year.
Zip 80202 has a general climate average of 17 inches of rain per year, 59 inches of snow per year, and about 245 sunny days in a year.
Climate data approximate yearly averages for 80202 as 83 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 80202 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.