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Here is everything you need to know about the housing market at zip code 80237.
Zip 80237 has an area size of 3.58 square miles and is mainly found in Denver County but extends to the Greenwood neighborhood. Zip 80237 shelters 21,890 people and has a population density of about 4,194 individuals per square mile.
Its local racial makeup primarily consists of 77% Whites, 9% Hispanics, 7% African Americas, and 4% Asians.
Approximately 15% of the people living in zip code 80237 are below 18 years, bringing the zip’s median age to an average of 39.8.
With only 9,000 occupied residences, the average number of people per household in zip code 80237 is 1.9. That’s slightly higher than the national average of 2.6 people per household.
About 61% of the people living here are married, and nearly 61% of the overall population has children. This breakdown indicates that zip 80237 is more family-friendly than most of the surrounding zips.
The Best Places website caps the average cost of living in 80237 at 130 compared to a national average of 100. The average individual income in this zip is $45,947, and its median household income is $75,946 per year.
The unemployment rate in this zip code is at 1.5%, but the job market in 80237 increased by 2.8% in 2020. Prospects expect the job market in this zip to continue growing at a pace of 45% in 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 $4.85 per $1,000 home value. The median U.S. property tax average rate is $11.78 per $1,000 home value.
Close to 87% of the locals usually drive to work, and the average one-way commute in 80237 is 20.5 minutes. The national average for a one-way commute is 26.4 minutes.
Zip 80237 has 58 public schools only, and it generally spends $12,637 per student.The average student-teacher ratio in these schools is 18:1.
Approximately 62% of the people living in this zip hold a minimum of a bachelor’s degree. That’s twice the national average for first-degree holders. Other estimates include a student-librarian ratio of 1,179:1 and a student-counselor ratio of 705:1.
Zip 80237 mainly has an urban setup, and its residential market is dominated by 47% owner-occupied properties and 53% rent-occupied homes.
The median home value in 80237 is $429,700, meaning that about 14% of the current listings have a property value of less than $200,000. The current national home value estimate is $217,500.
According to Niche, $1,565 is the median rent price in 80237. $1,062 is the national rent median. Further rent analysis suggests that close to 6% of the local renters in zip code 80237 are currently paying a monthly rent of less than $1,000.
Redfin.com caps the asking price for a 1-bedroom listed apartment at $245,000, a 1.1% increase from January last year. The housing market in zip code 80237 is experiencing a shortage of about 32.1%homes for sale. The current median sales price is $370,000, and the median list price in zip code 80237 is $480,000.
The median age of the real estate in zip code 80237 is 39 years.
Zip 80237 has a home vacancy rate of 6.5% and a rental vacancy rate of 2.4%.
Single-family detached houses are the most common residential types in this zip code.
Realtor.com shows that zip 80237 currently has about 142 active listings whose median list price is $495,000.
The median home closed sale price in 80237 is $446,000, and the annual real estate appreciation rate for houses within this zip was 5.7% for the last ten years. At this pace, 80237 guarantees a steady stream of returns of interest for interested home investors.
With an annual comfort index of 7.3/10, both January and July are the only months that 80237 experiences extreme temperatures of 180 and 880. The rest of the year is pleasant, but you should note that this zip gets a yearly average of 245 sunny days and about 82 days of precipitation. Zip 80237 generally ranks as the 50th best zip code to live in Colorado and 57th best zip code for families 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.