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Here is everything you need to know about the housing market at zip code 80211.
Zip 80211 covers an average land area of 4.50 square miles and is mainly found in Denver, Colorado. Zip 80211 shelters a total of 34,144 people and an outstanding population density of about 7,025 individuals per square mile.
Its local racial makeup mostly consists of 64% whites and 30% Hispanics. Close to 50% of its population are people aged between 24 years and 44 years.
With only 24,791 occupied housing units, the median age estimate in 80211 is 34.5, and the average number of people per household is 2.1.
37.1% of the people living here are married, and about 48% of the overall population have children. This data shows that 80211 is more family-friendly than most of the zip codes surrounding it.
The Best Places website caps the average cost of living in 80211 at 144.5 compared to a national average of 100. The average individual income in 80211 is $47,410, and its median household income is $78,192 per year.
Even though unemployment in 80211 is at 2.3%, the job market in 80211 increased by 2.8% in 2020. Prospects expect the job market here to continue growing at a pace of 45% for the next ten years relative to the 33.5% national estimate.
This zip has a sales tax rate of 7.7%, an income tax rate of 4.8%, and an effective property tax rate is $4.61 per $1,000 home value. The median U.S. property tax average rate is $11.78 per $1,000 home value.
Traffic in 80211 is usually light, and more than 66% of the locals drive to work. An average one-way commute in 80211 takes about 24.6 minutes.
Zip 80211 has a total of 215 public schools and 63 private ones. The zip generally spends $12,637 per student, and the average student-teacher ratio in these schools is 16:1.
More than 57% of the people living in this zip have attained a minimum of a bachelor’s degree, nearly doubling the national average. Other estimates include a student-librarian ratio of 1,179:1 and a student-counselor ratio of 750:1.
Zip 80211 is widely known for its blended area feel of both urban and suburban areas. The residential market in this zip is dominated by 52% owner-occupied properties, leaving a handful of renting options.
The median home value in 80211 is $460,900. Nearly 87% of the available listings costs between $200,000 and $749,000. The current national home value estimate is $184,700.
According to Niche, $1,275 is the median rent in 80211, and $949 is the national median. This data suggests that nearly 76% of the locals are comfortable paying a monthly rent of more than $1,500 than any other zip code in America.
Redfin.com caps the asking price for a 1-bedroom listed apartment at $513,000, an 8.4% increase from December 2020. Even though this local housing market currently has a 25% shortage in the number of homes for sale. Sellers are making huge profits with the current median sales price of $607,000 compared to the median list price of $650,000.
A majority of homes in 80211 were built in the early 70s, and the zip takes pride in its historical culture. With only 48% housing units left for renting and slightly higher than average real estate costs, the 80211 housing market is very lucrative for high-end investments.
Single-family detached homes are the most prevalent residential types in 80211.
Realtor.com states that apart from the 400 active properties with a median listing price of $640,000 available at the start of the year, people looking to buy in this zip were actively interested in single-family homes and condominiums.
The median home closed sale price in 80211 is $542,700, and the annual real estate appreciation rate for houses within this zip was 7.9% for the last ten years. At this pace, 80211 guarantees home investors a steady stream of returns of interest.
With an annual comfort index of 7.2/10, both January and July are the only months that 80211 experiences extreme temperatures of 180 and 890. The rest of the year is pleasant, but you should note that 80211 get 245 sunny days and about 83 days of precipitation per year. Zip 80211 generally ranks as 1,397th best zip code to live in the U.S., 99th best zip code for families in Colorado, and 45th most diverse 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.