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Here is everything you need to know about the housing market at zip code 80222.
Zip 80222 is a Denver-based zip code. It covers an area of 3.97 square miles and has a population of 23,287 people.
The median age in this zip code is 38, and the average number of people per household in this zip is 2.1. The national median age is 37.4, and the national average for people living per household is 2.6
More than 58% of the people living in 80222 are married, and over 46% of the residents have children. Zip 80222 racial makeup consists of approximately 73% Whites, 13% Hispanics, and 3% African Americans.
Non-citizens in this zip code roughly form 6.8% of the population.
Most of the employees in zip code 80222 work in the technology sector, nearly 7% of the local work force works from home, and about 85% of the resident employees commute to work regularly.
The average one-way commute in zip code 80222 matches the national average of 26.4 minutes.
The unemployment rate in 80222 is 3.1%, while that of the nation is at 3.7%.
Job markets in 80222 increased by 2.8% over the last one-year and might continue growing at a pace of 45% in the next ten years. That's higher than the national projection of 33.5%.
Data from Best Places averages zip 80222’s cost of living index to 131.8.
The sales tax rate here is 7.7%, the income tax rate is 4.8%, and the effective property tax rate is $5.02 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 80222 is $38,906, meaning that only 19% of the people living here earn below $15,000 per year. The median income for the entire nation is $31,133.
Approximately 52% of the households in 80222 get an average income of between $45,000 and $149,000. Niche.com further states its median household income as $64,695. This income is higher than the U.S. average of $62,843 per year.
Zip 80222 in Denver has at least 64 public schools, which serve an average of about 850 students per school. The student-teacher ratio in this zip is 16:1. School performance in this zip code is above average, and approximately 51% of the locals in 80222 have a minimum of a bachelor's degree.
This zip usually allocates a yearly budget of $12,637 per student.
Zip 80222 has a population density of about 5,056 locals per square mile, and it generally has an urban setup.
Single-family residences with two and three bedrooms are the most common house-types in this 80222. Occupancy breakdown in this zip code includes 52% rent occupied homes and 48% owner-occupied residences.
Zip 80222 has a median home value of $383,000, and close to 17% of the listed properties have a value of less than $200,000.
The median rent price in this zip is $1,229 per month, which is higher than the national average of $1,062. This rent data also means that only 26% of the renters in 80222 usually pay a monthly rent of less than $1,000.
The median age of the real estate in 80222 is 53 years, and about 1.8% of its overall housing units are available for rent. The overall housing vacancy rate in zip code 80222 is 5.1%.
The Zillow Home Value Index suggests that home value in 80222 increased by 7.9% over the past year. Future projections indicate that prices will rise by 5.6% in the next 12 months. Home prices in this zip code appreciated at a pace of 89.9% in the last decade. This pace equates to a yearly home appreciation rate of 6.7%.
At this rate, the housing market at 80222 offers an excellent opportunity for both short-term and long-term real estate investments for all prospects.
The weather highlight for 80222 includes a summer high of 88 degrees in July, a winter low of 17 degrees in January, an average of 64 inches of snow throughout the year, and an annual average of 17 inches of rain.
Zip 80222 gets an average of 85 days of precipitation and 205 days of sunshine in a year, making June, August, and September the most comfortable months in 80222. December and January are mainly less pleasant.
Best Places awards this zip code an annual comfort index of 7.2/10. This index means that zip 80222 is more comfortable than most of the zip codes in Colorado. Zip 80222 also ranks as the 84th best zip code for raising a family in Colorado and the 27th 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.