Our dedicated team at Woodruff Property Management takes personal pride in all of your long and short term property management needs. Our team personally handles all types of residential and rental investments. For more information, simply fill out the form or call us at (720) 724-9794
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 80203.
Zip 80203 is a lower-middle-class zip code and is found primarily in Denver, Colorado. It covers an area of 1.07 square miles and has a population of 20,937 people.
The median age in this zip code is 31.4, and there is an average of 1.5 people living per household. The U.S median age is 37.4, and the national average for people living per household is 2.6
More than 15% of the people living in 80203 are married, and over 27% of the residents have children. Zip 80203 isn't as racially diverse as the other zip codes surrounding it.
Approximately 77% of the residents are Whites, 10% Hispanics, and 3.2% non-citizens.
The workforce in 80203 primarily consists of white-collar occupations, and most of its employees work in the technology sector. 8.8% of the workforce in 80203 often telecommutes, and the rest regularly commute to work using public transit or personal means.
On average, it takes about 23.1 minutes to commute one-way in this zip. That's shorter compared to the national average of 26.4 minutes.
Unemployment in 80203 is 3.4%, while that of the nation is at 3.7%.
Job markets in zip code 80203 increased by 2.8% in 2020, and it's projected to increase by 45% in the next ten years. The national projection for job market increase in America is 33.5% for the next decade.
Taxes in 80203 are slightly higher than the national averages, consequently raising the zip’s yearly cost of living index to 115.2.
The sales tax rate here is 7.7%, the income tax rate is 4.8%, and the effective property tax rate is $5.02 per $1,000 home value. The median effective property tax average rate in the U.S. is $11.78 per $1,000 home value.
The average individual income in 80203 is $42,290, meaning that only 15% of the people living here earn below $15,000 per year. The median income for the entire nation is $27,419.
Less than 25% of the households in 80203 earn below $25,000 in a year, and niche.com further highlights 80203’s median household income as $$52,147. This income is lower than the U.S. average of $55,322 per year.
Zip 80203 generally has access to about 215 public schools, which serve an average of not more than 1000 students per school. The student-teacher ratio in this zip is 16:1, and $12,637 is the yearly budget per student. School performance is slightly above average, explaining why more than 66% of the locals in 80203 hold a first degree. The national average for first-degree holders is 31%.
Zip 80203's population density is not less than 17,556 locals per square mile, making it one of the most densely populated zip codes in the Denver Area.
Single-family houses featuring more than two bedrooms are the most common house-types in this zip code. Unlike its neighboring zip codes, zip 80203 has more rent-occupied housing units than any other zip code in Denver. About 80% of the overall 14,896 housing units in this zip are rent-occupied, 20% are owner-occupied.
Zip 80203 has a median home value of $328,100, and close to 75% of the listed properties are priced beyond $200,000.
The median rent price in this zip is $1,114 per month, which is higher than the national average of $949. Further analysis reveals that approximately 68% of the renters in 80203 are comfortably paying a rent margin of between $500 and $1,499.
The median age of the real estate in 80203 is 66.8 years, and an estimate of 13,654 houses are already occupied.
The Zillow Home Value Index suggests that home value in 80203 increased by 3.7% over the past year. Future projections indicate that prices will rise by 5.4% by the start of next year. Home prices in this zip code appreciated at a pace of 77.1% in the last decade. This pace equates to a yearly home appreciation rate of 6.0%.
These rates indicate a thriving housing market fit for both short-term and long-term real estate investments for all prospects.
The weather highlight for 80203 includes a summer high of 89 degrees in July, a winter low of 18 degrees in January, a yearly average of 59 inches of snow, and approximately 17 inches of rain per year.
Zip 80203 gets an average of 83 days of precipitation and an annual average of 245 days of sunshine, making June, August, and September the most comfortable months in 80203.
January and December are usually less pleasant.
Best Places awards this zip code an annual comfort index of 7.3/10. This index means that 80203 is more comfortable than most of the zip codes in Colorado. Zip 80203 also ranks as the 673rd best zip code to live in the U.S., 199th most diverse zip code in Colorado, and the 85th best zip code for families 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.