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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 80209.
Demographic and Economic Highlight
Zip 80209 is a middle-class zip code that extends through Denver and Glendale. It covers an area of 3.48 square miles, 80209 has a population of 25,271 people.
The median age in this zip code is 39.7, and there is an average of 1.8 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 41% of the people living in 80209 are married, and over 35% of the residents have children. Zip 80209 isn't as racially diverse as the other zip codes surrounding it.
Approximately 87% of the population are Whites, and 6.9% are non-citizens.
The workforce in 80209 primarily white-collar in nature. Most of the employees here work in the ICT industry. 13.4% of the workforce in 80209 are remote workers, and 75.6% regularly commute to work using public transit or personal means.
The transport system in this zip is well maintained, and it only takes an average of 23.1 minutes to commute one-way. That's shorter compared to the national average of 26.4 minutes.
Unemployment in 80209 is capped at 3.1%, while that of the nation is at 3.7%.
Job markets in 80209 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 80209 are more than 20 basis points higher than the national averages, slightly raising its yearly cost of living index to 167.4.
The sales tax rate here is 7.7%, the income tax rate is 4.8%, and the effective property tax rate is $5.00 per $1,000 home value. The median U.S. property tax average rate is $11.78 per $1,000 home value.
The average resident income in 80209 is $53,578, meaning that 60% of the people living here earn more than $35,000 per year. The median income for the entire nation is $27,419.
Over 57% of the households in 80209 earn more than $75,000 in a year. Niche.com further states its median household income as $87,333. This income is higher than the U.S. average of $55,322 per year.
Zip 80209 in Denver has at least 215 public schools, which serve an average of about 925 students per school. The student-teacher ratio in this zip is 16:1. Overall school performance is above average, and approximately 75% of the locals in 80209 have a minimum of a bachelor's degree.
This zip usually allocates a yearly budget of $12,637 per student.
80209 has a population density of about 6,181 locals per square mile and mainly feels urban.
Both two and three-bedroom single-family houses are the most common house-types in this zip code. Unlike most other surrounding zip codes, 80209 has a 50-50 rent and owner-occupied home ratio.
Zip 80209 has a median home value of $610,300, and close to 78% of the listed properties are priced beyond $400,000.
The median rent price in this zip is $1,481 per month, which is higher than the national average of $949. This rent data also means that approximately 75% of the renters in 80209 usually pay a monthly rent of $1,000+.
The median age of the real estate in 80209 is 69 years, and about 3.5% of its overall housing units are available for rent.
The Zillow Home Value Index suggests that home value in 80209 increased by 7.2% over the past year. Future projections indicate that prices will rise by 6.3% in the next 12 months. Home prices in this zip code appreciated at a pace of 79.1% in the last decade. This pace equates to a yearly home appreciation rate of 8.4%.
At this rate, the housing market at 80209 offers an excellent opportunity for both short-term and long-term real estate investments for all prospects.
The weather highlight for 80209 includes a summer high of 89 degrees in July, a winter low of 18 degrees in January, an average of 59 inches of snow throughout the year, and an annual average of 17 inches of rain.
Zip 80209 gets an average of 83 days of precipitation and 205 days of sunshine in a year, making June, August, and September the most comfortable months in 80209. December and January are mainly less pleasant.
Best Places awards this zip code an annual comfort index of 7.3/10. This index means that 80209 is cozier than most of the zip codes in Colorado. Zip 80209 also ranks as the 108th best zip code for raising a family in Colorado and the 22nd 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.