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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 not only prioritize protecting your real estate investment but also helps them grow.
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Here is everything you need to know about the housing market at zip code 80210.
80210 is a 6.06 square mile zip code largely located within Denver metro area, covering both 702 and 303 area codes. Its borders extend through Denver, Englewood, and Cherry Hills Village in Colorado.
The current stats translate to a population density of approximately 5,700 people per square mile.
According to Best Places rankings, 80210 is the 819th best zip code to live in America, 143rd most diverse zip code in Colorado, 48th most family-friendly zip code in Denver Area.
With a population of 36,296 people, its population mainly comprises Whites, who account for nearly 81%.
The majority of the people living in 80210 are aged between 25 and 54 years, representing close to 45% of the overall population. This data suggests that 80210 has a more young adult population than most of its surrounding zip codes.
According to data from the U.S. Bureau of Labor Statistics, the unemployment rate at 80210 is now at 2.9% relative to the national unemployment rate is 6.7%.
The per capita income for a typical household of four in zip code 80210 is $86,970. Further economic data reveals that approximately 56% of the families have an income bracket of more than $75,000.
These financial estimates additionally equate to a median individual income of $45,263, meaning that all residents working in zip code 80210 get an income value of not less than $15,000.
Relative to the national individual income average of $27,419, the poverty rate in 80210 is a mere 10.6%. Job markets within zip code 80210 increased by 2.8% by the end of 2020 and are projected to grow by 45% this year.
Zip code 80210 has a sales tax rate of 7.7%, an income tax rate of 4.8, and an effective property tax rate is $4.82 per $1,000 home value.
According to the Best Places website, the effective U.S. property tax average rate is $11.78 per $1,000 home value.
With only 10.4% of telecommuters, it’s good to note that a typical one-way commute takes a minimum of 22.8 minutes.
More than 70% of the people living in zip code 80210 have attained their first degree; the national average is 31%.
Surrounded by 215 public schools, this zip has some of the best schools serving Denver County. The average student-teacher ratio in most of these schools usually is 16:1, and the zip spends about $12,637 per student.
Zip 80210 generally gives a mix of both urban and suburban area fee. Approximately 56% of the buildings here are over 75 years old.
Zillow Home Value Index estimates the current median home value for a middle price-tier property in 80210 to be $600,500. Relative to the national average home value of $320,000, the 80210 real estate is more competitive than most similar zip codes in America.
Single-family 2-bedroom apartments are the most preferred house type in this zip code. Approximately 61% of 80210 homes are owner-occupied, and 34% left for rent.
The average rent price in 80210 as of January 2021 was $1,327.
Home appreciation rates within 80210 averaged to a yearly pace of 7.0% for the last one year and 84.5% for the past ten years.These rates make the housing market in 80210 perfect for both long-term and short-term real estate investments.
The Best Places website estimates that this zip has a violent crime rate of 27.2 and a property crime rate of 45.8. Factors such as escalated real estate costs, lower property tax rates, and plenty of outside space made 80210's housing market boom throughout 2020.
Zip 80210 has a general climate average of 17 inches of rain per year, 59 inches of snow per year, and about 245 sunny days in a year.
The zip code only gets approximately 85 days of precipitation every year, with summer highs of 890 in July and a winter low of 180 in January. June, August, and September are the most pleasant months in 80210, whereas December and January are the least favorable.
Zip 80210 has an annual comfort index of 7.3/10.
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.