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Finding an excellent property manager requires a lot of research and time. Top-rated property management companies such as the Woodruff Real Estate and Property Management will not only prioritize protecting your real estate investment but also helps them grow.
Woodruff property managers are highly experienced and have processed more than 18,882 work orders since April 2009. For more housing market insights and personalized real estate help, call (720) 724-9794 or email email@example.com now.
Here is everything you need to know about the housing market at zip code 80206.
Zip 80206 is primarily located in Denver County, in the northern parts of Colorado. The zip covers about 2.46 square miles and has a population of more than 25,066.
The local racial makeup in zip code 80206 mainly consists of 81% Whites, 9% Hispanics, and 4% African Americans. Non-citizens form up to 2.7% of the local population.
The median age in 80206 is 36.9, and over 38% of its locals are married. Approximately 37% of the people living here have children, and only 15% of the population are below 25 years.
The median age in the U.S. is 37.4
Households in 80206 usually accommodate an average of 1.7 people per household, which is higher than the national average of 2.6 people per household.
The current unemployment rate in 80206 is 2.1% relative to a national average of 6.7%. The poverty rate here is 100 basis points lower than the median for the entire U.S.
Job market reviews for 80206 indicate that the job market grew by 2.8% in 2020 and might still increase by at least 45% in the next ten years.
Niche highlights that 80206 has a median individual income of $50,500 and a median household of $77,165. Both of these are higher than the national averages of $27,419 and $55,322.
Further income data analysis suggests that only 16% of the people working here earn below $15,000 per year, and about 29% of the households in this zip get less than $45,000 per year.
Zip code 80206 has a sales tax rate of 7.7%, an income tax rate of 4.8%, and an effective property tax rate is $5.04 per $1,000 home value. The effective national property tax average rate is $11.78 per $1,000 home value.
Only 10.7% of the local workforce in 80206 works from home, as the rest commutes to work. The average one-way commute here takes 21.9 minutes. That of the entire nation is 26.4 minutes.
Zip 80206 has 58 public schools and allocates an annual expenditure of $12,637 per student.The average pupil-teacher ratio in 80206 is 16:1.
The Great Schools database gives most of the schools in zip code 80206 an average rating of 8/10, and more than 75% 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 overall housing stock, proximity to basic amenities, and a population density of about 8,762 individuals per square mile, this zip code feels more like an urban area.
Zip 80206 hosts more than 25,000 people and has about 13,536 housing units in total. Occupancy in zip code 80206 splits into 44% owner-occupied residences and 56% rent-occupied homes.
Single-family homes with two or more bedrooms are the most prevalent home types in the 80206 real estate market.
According to niche.com, zip 80206 has a median home value of $666,300 and a median rent of $1,244. These medians are higher than the national averages of $184,700 and $949 for home values and rent.
Niche further indicates that only 7% of the current listings cost less than $200,000, and less than 3% of the renters in zip code 80206 are paying a monthly rent value of less than $500.
Zillow estimates that home values in 80206 rose by 4.4% in 2020 and predicts that the zip's real estate costs will increase by 5.6% by February 2022.Homes within zip code 80206 appreciated at an overall pace of 77.8% in the last decade. This rate translates to an annual estimate of 6.4%, which is perfect for short-term home investments.
Zip 80206’s climate averages include summer highs of 89 degrees in July, a winter low of 18 degrees in January, an average of 17 inches of rain per year, and a yearly average of 59 inches of snow.
This zip code generally gets 82 days of precipitation, 245 days of sunshine every year, and scores an annual comfort index of 7.3/10.
The Best Places website ranks zip 80206 as the 324th best zip code to live in the U.S., 105th zip code with the best performing schools in Colorado, and 46th 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.