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Here is everything you need to know about the housing market at zip code 80229.
The zip 80229 is a middle-class zip code found in both Denver and Thornton. It is a Non-Unique code found within area code 303.
Covering about 13.16 square miles, Zip 80229 hosts about 55,532 individuals and has an average population density of about 3,769 people per square mile.
The racial composition of zip code 80229 mainly consists of 55% Hispanics, 37% Whites, 3% Asians, and 14.7% non-citizens.
The median age here is 30.1, and the average number of people per household in 80229 is 3.0. Close to 62% of the residents are married, and around 60% have children.
Niche highlights zip 80229's poverty rate as 13.8% and the unemployment rate as 2.6%. According to the recent U.S. Bureau of Labor Statistics report, the national average is 10.5% for the poverty rate and 6.7% for unemployment.
The cost of living index for 80229 is 114.6, higher than the U.S. average of 100. This difference suggests that the 80229’s economy is thriving.
The zip has a median individual income of $31,239 and a median household income of $60,350. The national median income averages are $31,133 and $62,843 for both individual and household incomes. Further analysis indicates that 24% of the residents here earn less than $15,000, and only 5% of households in 80229 earns beyond $150,000 per year.
Job markets in 80229 increased by 2.8% last year, and this might continue growing at a pace of 47.4% for the next decade.
Zip 80229 has a sales tax rate of 8.5%, an income tax rate of 4.6%, and an effective property tax rate of $6.49 per $1,000 home value. The U.S. property tax average rate is $11.78 per $1,000 home value.
At least 78.5% of the local workforce in this zip commutes to work, and it usually takes them an average of 28.1 minutes for a one-way commute. Approximately 2.5% of the population remotely works from home.
Zip 80229 has 49 public schools within its borders. These schools typically have a student-teacher ratio of 20:1, and zip 80229 generally budgets to spend at least $10,252 per student.
Slightly less than 17% of all the adults residing in 80229 have a minimum of a bachelor's degree certification. The national average for first-degree holders is 31%.
Based on the available house stock, closeness to essential amenities, and population density, zip 80229 is generally a densely populated suburban zip code. With 18,023 housing units, 36% of the houses in zip code 80229 are rent-occupied, and 64% are owner-occupied.
Only 5% of the currently available listings are valued above $400,000, bringing the zip's median home value to $240,700. The national median home value in the U.S. is $295,300.
Zip 80229 has an overall median rent price of $1,350 per month. About 13% of the renters here pay a monthly rent of less than $1,000. The national median rent has dropped to $1,062.
Single-family houses are the most dominant home types in zip code 80229, and the most preferred home size in this zip are two to four-bedroom apartments.
Real estate in 80229 appreciated at a yearly pace of 8.7% for the last ten years, from a cumulative of 101.7%. This rate indicates that this particular housing market is perfect for long-term real estate investment.
Zip 80229 generally gets an average of 77 days of precipitation and about 245 days of sun per year. The most pleasing months in 80229 include June, August, and September.
January and December aren't usually very comfortable.
Summer highs of 910C in July and averages of up to 190C during the winter season in January. The overall annual comfort index by Best Places for 80229 is 7.3/10, andniche.com ranks zip 80229 as the fourth most diverse zip code in Adams County.
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.