Our dedicated team at Woodruff Property Management takes personal pride in all of your long and short term property management needs. Our team personally handles all types of residential and rental investments. For more information, simply fill out the form or call us at (720) 724-9794
Buying your dream home, putting the one you own on sale, or merely exploring your property's rental options requires plenty of research and up to date knowledge about specific markets. Collaborating with top-rated property and real estate management firms not only helps you save time but also protect and grow your real estate investment.
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 80216.
Zip 80216 is a lower-middle-class zip code that extends through Denver, Commerce City, and North Washington communities in Colorado. It covers an area of 10.50 square miles and has a population of 13,662 people.
The median age in this zip code is 27.7, and its average number of people per household is 3.3. 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 80216 are married, and over 68% have children.
Ranked as the 69th most diverse zip code in Colorado, this zip’s ethnic diversity consists of approximately 63% Whites, 30% Hispanics, and 5% African Americans. Non-citizens in this zip account for 19.3% only.
Around 7.1% of the workforce in zip code 80216 works from home, and at least 66% commutes to their workplace using public transit or personal means. A typical one-way commute takes an average of 24.7 minutes, and it’s slightly shorter than the national average of 26.4 minutes.
Unemployment in this zip code is 3.1%, while that of the nation is at 3.7%.
Job markets in 80216 increased by 2.8% in the previous 12 months and might continue growing by 45% in the next ten years. That's higher than the national projection of 33.5%.
The sales tax rate here is 7.7%, the income tax rate is 4.8%, and the effective property tax rate is $5.48 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 80216 is $28,957, meaning that 60% of the people living here earn between $35,000 and $65,000 per year. The median individual income for the entire nation is $31,133.
Over 66% of the households in zip code 80216 earn more than $45,000 in a year, equating to a median household income as $60,591. This income is higher than the U.S. average of $62,843 per year.
Zip 80216 in Denver has 87 public schools, which serve an average of not more than 875 students per school. The student-teacher ratio in this zip is 16:1, and average ratings for school performance by Great Schools are slightly below average.Only 21% of the people living in this zip are bachelor's degree holders, and about 7% have a higher degree certification. Zip code 80216 usually allocates a yearly budget of $12,637 per student.
Zip code 80216 has a population density of about 1,041 locals per square mile and mainly offers a mix of urban and suburban settings.
The local real estate in this zip code has a median age of 62 years. Around 65% of the 3,385 housing units in this zip are rent-occupied, while 35% are owner-occupied.
Zip 80216 has a median home value of $236,300, and only 11% of the listed properties have a value of less than $100,000.
The median rent price in this zip is $1,485 per month, which is higher than the national average of $1,062. This rent data also means that only 18% of the renters in this zip code usually pay less than $1,000 for rent each month.
The Zillow Home Value Index suggests that home value in 80216 increased by 7.3% over the past year. Future projections indicate that prices will rise by 4.7% in the next 12 months. Home prices in this zip code appreciated at a pace of 87.4% in the last decade. This pace equates to a yearly home appreciation rate of 10%.
At this rate, you can be sure of getting profitable returns from either short-term or long-term real estate investments within zip code 80216.
The weather highlight for 80216 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 80216 gets an average of 83 days of precipitation and 245 days of sunshine in a year, making June, August, and September the most comfortable months in 80216. December and January are the only less pleasant months in this zip code.
Best Places awards zip code 80216 an annual comfort index of 7.3/10, and Niche ranks it as the eighty-fourth 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.