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Here is everything you need to know about the housing market at zip code 80247.
Zip 80247 has an area size of 2.94 square miles and is mainly found in Arapahoe County but extends to cover both Denver and Aurora neighborhoods. Zip 80247 shelters 29,264 people and has a population density of about 8,653 individuals per square mile.
Its local racial makeup primarily consists of 46% Whites, 23%African Americas, 19% Hispanics, and 6% Asians.
Approximately 18% of zip code 80247's residents are below 18 years, bringing the zip’s median age to an average of 35.8.
With only 13,517 occupied residences, the average number of people per household in zip code 80247 is 1.9. That’s slightly higher than the national average of 2.6 people per household.
Nearly 51% of the people living here are married, and roughly 48% of the overall population have children.
The Best Places website caps the average cost of living in 80247 at 102.3. The average individual income in this zip is $32,357, and its median household income is $48,688 per year.
The unemployment rate in this zip code is at 2.9%. Job market reports indicate that job markets across this zip grew by 2.8% last year and might 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 $5.03 per $1,000 home value. The median U.S. property tax average rate is $11.78 per $1,000 home value.
At least 75.6% of zip code 80247’s locals drive to work, and the average one-way commute in this zip is 26.5 minutes. The national average for a one-way commute is 26.4 minutes.
Zip 80247 has 59 schools in general, and it of ten spends a budget of $10,029 per student.The average student-teacher ratio in these schools is 18:1.
Bachelor’s degree holders in this zip accounts for 28% of the population and those with master’s degree and higher certifications accounts for 17%.Other estimates include a student-librarian ratio of 1,384:1 and a student-counselor ratio of 654:1.
According to Niche rankings, this zip code is the 66th one to have the best public schools in Denver.
Zip 80247 is mainly an urban zip code, and its real estate generally has 39% owner-occupied properties and 61% rent-occupied homes.
The median home value in 80247 is $210,300, and only 8% of the current listings have a property value of less than $100,000. The current national home value estimate is $217,500.
According to Niche, $1,331 is the median rent price in 80247. $1,062 is the national rent median. Further rent analysis suggests that 70% of the local renters in zip code 80247 usually pay between $1,000 and $2,000 each month.
Redfin.com caps the asking price for a 1-bedroom listed apartment at $162,000, a 7.8% decrease from January last year. The housing market in zip code 80247 is experiencing a shortage of about 14.8%homes for sale. The current median sales price is $256,000, and the median list price in zip code 80247 is $208,000.
The median age of the real estate in zip code 80247 is 35 years.
Zip 80247 has a home vacancy rate of 7.7% and a rental vacancy rate of 2.9%.
2-bedroom single-family apartments are the most common residential types in this zip code.
Realtor.com shows that zip 80247 currently has about 400 active listings whose median list price is $640,000.
The median home closed sale price in 80247 is $222,400, and the annual real estate appreciation rate for houses within this zip was 7.3% for the last ten years. At this pace, 80247 guarantee a profitable stream of returns of interest for interested buyers.
With an annual comfort index of 7.2/10, both January and July are the only months that 80247 experiences extreme temperatures of 170 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 86 days of precipitation. Zip 80247 generally ranks as the 70th best zip code to live in Colorado and 51st 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.