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Finding an excellent property manager requires a lot of research and time. Top-rated property management companies such as the Woodruff Real Estate and Property Management will not only prioritize protecting your real estate investment but also helps them grow.
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Here is everything you need to know about the housing market at zip code 80241.
Zip 80241 is primarily located in Thornton but extends towards Denver, Northglenn, and Westminster neighborhoods in Colorado. The zip covers about 6.60 square miles and has a population of more than 33,638.
The local racial makeup in zip code 80241 mainly consists of 69% Whites, 20% Hispanics, and 5% Asians. Non-citizens form up to 3.2% of the local population.
The median age in 80241 is 34.4, and over 60% of its locals are married. Approximately 55% of the people living here have children, and 66% of the people residing here are beyond 25 years.
The median age in the U.S. is 37.4
Households in 80241 usually accommodate an average of 2.9 people per household, which is higher than the national average of 2.6 people per household.
The current unemployment rate in 80241 is 2.5% relative to a national average of 6.7%. The poverty rate here is 6.4%.
Job market reviews for 80241 indicate that the job market grew by 2.8% in 2020 and might still increase by at least 47.4% in the next ten years.
Niche highlights that 80241 has a median individual income of $42,276 and a median household of $90,558. Both of these are higher than the national averages of $27,419 and $55,322.
Further income data analysis suggests that only 20% of the people working here earn below $15,000 per year, and about 18% of the households in this zip get less than $45,000 per year.
Zip code 80241 has a sales tax rate of 8.5%, an income tax rate of 4.6%, and an effective property tax rate is $6.82 per $1,000 home value. The effective national property tax average rate is $11.78 per $1,000 home value.
Only 8.3% of the local workforce in 80241 works from home, as the rest commutes to work. The average one-way commute here takes 30.2 minutes. That of the entire nation is 26.4 minutes.
Zip 80241 has 25 public schools and allocates an annual expenditure of $8,922 per student.The average pupil-teacher ratio in 80241 is 20:1.
The Great Schools database gives most of the schools in zip code 80241 an average rating of 6/10, and approximately 36% of the residents here have attained their first degree. The national average of people with a minimum of a bachelor's degree qualification is 31%.
Based on the overall housing stock, proximity to basic amenities, and a population density of about 4,808 individuals per square mile, this zip code feels more like a dense urban area.
Zip 80241 hosts more than 33,000 people and has about 11,638 housing units in total. Occupancy in zip code 80241 splits into 78% owner-occupied residences and 22% rent-occupied homes.
Single-family homes with two or more bedrooms are the most preferred home types in the 80241 housing market.
According to niche.com, zip 80241 has a median home value of $339,300 and a median rent of $1,651. These medians are higher than the national averages of $184,700 and $949 for home values and rent.
Niche further indicates that only 7% of the current listings cost less than $200,000, and 6% of the renters in zip code 80241 are paying a monthly rent value of less than $1,000.
Zillow estimates that home values in 80241 rose by 8.5% in 2020 and predicts that the zip's real estate costs will increase by 5.8% in the next 12 months.Homes within zip code 80241 appreciated at an overall pace of 76.8% in the last decade. This rate translates to an annual estimate of 5.7%, a perfect growth rate for short-term home investments.Bottom Line
Zip 80241’s climate averages include summer highs of 90 degrees in July, a winter low of 17 degrees in January, an average of 15 inches of rain per year, and a yearly average of 44 inches of snow.
This zip code generally gets a yearly average of 76 days of precipitation and 245 sunny days. Zip 80241 generally scores an annual comfort index of 7.3/10.
The Best Places website ranks zip 80241 as the 4,631st best zip code to live in the U.S., 72nd best zip code for families in Colorado, 63rd zip code with the best public schools in Denver Area, and 3rd best zip code to buy a house 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.