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 80231.
Zip code 80231 covers a land area of about 4.72 square miles and extends through Denver and Arapahoe Counties in Colorado. 80231's borders also extend towards parts of Aurora and cover both 303 and 702 area codes.
The current population estimate in 80231 is 37,241 people, and the zip is classified as a middle-class zip code. This estimate brings its population density to about 6,813 people per square mile.
Zip code 80231 lists as the 36th most populated zip code in Colorado. Its racial makeup mainly consists of 52% Whites, 21% African Americans, and 18% Hispanics.
About 13% of 80231’s populations are non-citizens.
Forty-six percent of the people living in zip code 80231 are married, and nearly 48% of the families living here have children. The median age in 80231 is 34.4 years, and its median number of persons per household is 2.1.
Zip code 80231 has a relatively lower unemployment rate of 2.8% than the U.S. average, and the job market here increased by nearly 3% over the last year. The job market in zip code 80231 is projected to grow by at least 45% in the next ten years.
80231's cost of living is 117.3, slightly topping the national average of 100.
The majority of the households in 80231 get an income of at least $45,000, bringing the zip code's median household income to $55,645. The median individual income here is $34,934, while the national median resident income is $27,419.
Even though both sales and income tax rates slightly top the national averages by nearly 30 basis points, the effective property tax rate in 80231currently is $5.43 per $1,000 home value.
According to the BestPlaces website, the effective U.S. property tax average rate is $11.78 per $1,000 home value.
About 92% of the local workforce in 80231 commutes to work, and it takes an average of 26 minutes for a one-way commute.
BestPlaces highlights that 80231 has 278 registered schools: 215 are public, and 63 are private. Zip code 80231 usually spends around $12,637 per student, and the overall student-teacher ratio here is 16:1.
Exceptional school indicators such as college readiness and test performance are the main factors why 47% of the people living in 80231 have a minimum of a bachelor's degree. The national average for this is 31%.
Zip code 80231 currently has about 17,900 housing units and generally has an urban area feel.
The average age of homes in zip code 80231 is 37, and they commonly consist of single-family dwellings. About 66% of the housing units in this zip code are rent-occupied, and the remaining 34% are owner-occupied.
BestPlaces records that 1.2% of the housing stock is currently available for rent and that those renting in 80231 represents about 59.3% of the local population.
Zip code 80231 currently has a homeowner vacancy rate of 1.8% and a rental vacancy pace of 1.9% across the 17875 housing units. Fifty-seven percent of the rental apartments in 80231 have rent prices between $1,000 and $1,499.
The current median real estate cost in 80231 is $283,800, and its median rent price ranges around $1,122. BestPlaces records that the median home value for close to 50% of the houses in 80231 ranges between $200,000 and $399,000.
Homes in 80231 have been appreciating at a pace of 73.7% in the last ten years, averaging a yearly home appreciation rate of 5.9%.
The Niche website ranks zip code 80231 as the 678th most diverse zip code in the nation, 58th best zip code to live in Colorado, and 49th best zip code for families throughout Denver Area. Climate averages include about 17 inches of rain per year, 63 inches of snow per year, and about 245 sunny days in a year.
With an average of 85 days of precipitation every year, zip code 80231 experiences summer highs of 880 in July and a winter low of 180 in January. 80231's most pleasant months include June, August, and September, and BestPlaces awards zip code 80231 an annual comfort index of 7.2 out of 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.