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Here is everything you need to know about the housing market at zip code 80207.
Zip 80207 is a 4.57 square mile zip code and is located within Denver County. Mainly found within are a code 303, zip 80207’s borders extend to cover North Park Hill neighborhood in Denver, Colorado.
Current demographic statistics suggest that zip 80207 has a population density of approximately 4,647 people per square mile.
According to Niche rankings, 80207 is the 611th most diverse zip code in the country, 51st best zip code to live in Colorado, and the 30th best zip code for families in Denver Area.
With a population estimate of 26,706 people, its population mainly comprises 50% Whites, 26% African Americans, and 16% Hispanic.
Only 28% of the people living in 80207 are aged below 25 years, suggesting that this zip has a more middle-aged adult population than most surrounding neighborhoods.
According to data from the U.S. Bureau of Labor Statistics, the unemployment rate at 80207 is now at 3.2% relative to the national unemployment rate is 6.7%.
The per capita income for a typical household of four in zip code 80207 is $83,209. A further breakdown reveals that roughly 55% of the families in this zip earn beyond $75,000.
These financial estimates additionally equate to a median individual income of $43,949, suggesting that about 42% of the residents working in zip code 80207 earn below $35,000.
Relative to the national individual income average of $31,133, the poverty rate in 80207 is 11.7%. Job markets within this zip code increased by 2.8% over the previous year and might continue growing at a rate of 45% in the next ten years.
Zip code 80207 has a sales tax rate of 7.7%, an income tax rate of 4.8%, and an effective property tax rate is $4.58 per $1,000 home value. The effective national property tax average rate is $11.78 per $1,000 home value, according to Best Places.
With nearly 8% of remote workers,an average one-way commute roughly takes 24.9 minutes in this zip.
Around 30% of the people living in this zip are bachelor's degree holders, and another 23% have more than a master's degree certification. The national average for first-degree holders is 31%.
Zip 80207 has 63 public schools, which generally have a Great School average rating of 5/10. The average student-teacher ratio in most of these schools usually is 16:1, and the zip spends about $12,637 per student.
Niche ranks zip code 80207 as the 51st zip code with the best public schools in Denver.
Zip 80207 is a dense suburban area, and the median age for its real estate is 63 years.
Zillow Home Value Index estimates the current median home value for a middle price-tier property in 80207 to be $549,156. Relative to the national average home value of $320,000, the 80207 real estate is more competitive than in most similar zip codes throughout the U.S.
Zip 80207 has 8,907 housing units. Approximately 68% of these homes are owner-occupied, and 32% are rent-occupied. Other housing records show that the number of occupied residential units in this zip is 8,337 homes.
The average rent price in 80207 this February ranges around $1,374.
Home appreciation rates within 80207 averaged to a yearly pace of 7.8% and 99.5% cumulatively for the past ten years. Zillow predicts that home value in this zip will increase by 4.7%in the coming year.
These rates merely suggest that the housing market in 80207 is excellent for long-term real estate investments.
The Best Places website estimates that this zip has a violent crime rate of 34.5 and a property crime rate of 53.5. Factors such as the rising real estate costs ,reduced interest rates, and plenty of outside space in zip code 80207 might contribute to a more thriving housing market this year.
Zip 80207 has a general climate average of 17 inches of rain, 59 inches of snow, and about 245 sunny days in a year.
The zip only gets 83 days of precipitation every year, summer highs of 890 in July, and a winter low of 180 in January. June, August, and September are usually the most comfortable months in 80207, whereas December and January are the least favorable.
Zip 80207 has an annual comfort index of 7.3/10, according to Best Places.
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.