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Here is everything you need to know about the housing market at zip code 80205.
Zip 80205 is located in Denver and has a population of 34,381 people. The median age in this zip code is 32.6, and there is an average of 2.4 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 33% of the population is married couples, and over 50% of the population has children. Zip 80205 is ethnically diverse, and its racial makeup consists of 49.7% whites, 26.6% Hispanics, and 17.5% blacks.
Only 6.9% are non-citizens.
The workforce in 80205 primarily consists of white-collar occupations, and most of the people living here work in the information and communication technology industry. With only 10.9% of remote workers, 58.8% of the working class commutes using their cars.
The transport system in 80205 is above average, and it only takes an average of 23.3 minutes to commute on a one-way route. That's shorter compared to the national average of 26.4 minutes.
Unemployment in 80205 is capped at 2.7%, which is a basis point lower than the U.S. average.
Job markets in 80205 increased by 2.8% in the previous 12 months and are projected to increase by 45% in the next ten years. That's higher than the national projection of 33.5%.
Taxes in 80205are nearly 20 basis points higher than the national averages, slightly rising its cost of living index to 134.3.
The sales tax rate here is 7.7%, income tax rate is 4.8%, and the effective property tax rate is $4.92 per $1,000 home value. The effective U.S. property tax average rate is $11.78 per $1,000 home value.
The average resident income in 80205 is $39,292, meaning that at least 50% of the people living here earn more than $35,000 per year. The median income for the entire nation is $27,419.
About 30% of the households in 80205 get a yearly pay of between $75,000 and $149,000. Niche.com further highlights its median household income at $66,775. This income is higher than the U.S. average of $55,322 per year.
Zip 80205 in Denver has 278 schools: 215 are public, and the remaining 63 are privately-owned. With at most 925 students per school, zip 80205 allocates a budget of $12,637 per student.
The student-teacher ratio in this zip is 16:1, and the school performance is above average.
About 49% of the residents have a minimum of a bachelor’s degree. The national average for people with first degree and above is 31%.
Considering the currently available house stock, closeness to amenities, and a population density of about 7,204 people per square mile, zip 80205 generally offers a blended feel of urban and suburban areas.
The residential real estate here significantly consists of two and three-bedroom single-family houses than any other house type. More than 56% of the housing units in this zip are for rent, while the remaining 44% are owner-occupied.
Zip 80205 has a median home value of $395,400, and close to 82% of the listed properties are priced between $200.000 and $749,000.
The median rent price in this zip is $1,229 per month, which is higher than the national average of $949. Further rent data analysis reveals that about 51% of the renters in 80205 usually pay a monthly rent of between $500 and $1,499.
The median age of the real estate in 80205 is 65 years, and only 2.9% of its overall housing units are available for rent.
The Zillow Home Value Index suggests that home value in 80205 increased by 4.8% over the past year. Future projections indicate that prices will rise by 9.8% in the next 12 months. Home prices in this zip code appreciated at a pace of 99% in the last decade. This pace equates to a yearly home appreciation rate of 8.4%.
At this rate, the housing market at 80205 offers an excellent opportunity for both short-term and long-term real estate investments for homeowners and investors.
The weather highlight for 80205 includes a summer high of 89 degrees in July, a winter low of 18 degrees in January, an average of 17 inches of rain throughout the year, and a yearly average of 59 inches of snow.
Climate and weather data concludes that zip 80205 gets an average of 83 days of precipitation and 205 days of sunshine in a year. This data makes June, August, and September the most comfortable months, whereas December and January are mainly less pleasant in his zip code.
Best Places awards this zip code an annual comfort index of 7.3/10. This index means that it is cozier than most of the zip codes in Colorado.
The same website ranks zip 80205 as the 1,370th most diverse zip code in America, 77th best zip code to raise a family in Colorado, and the 32nd best zip code to live 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.