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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 understand not only prioritizes 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 80249.
Zip 80249 covers an average land area of 47.73 square miles and is mainly found in Denver County, Colorado. It is a typical middle-class zip code, and it further extends to cover parts of Aurora and Commerce City.
Zip 80249 shelters 32,537 people and has a population density of about 490 individuals per square mile.
Ranked as the ninth most diverse zip code in Colorado, zip 80249’s racial makeup mostly consists of 37% Hispanics, 29 African Americans, and 25% Whites.
The median age estimate in zip code 80249 is 31.5, and only 30% of the people residing here are below 18 years. The average number of people per household in this zip is 3.4.
Close to 55% of the people living here are married, and approximately 71% of the overall population have children. This data shows that zip 80249 is more family-friendly than most of the surrounding communities.
The Best Places website caps the average cost of living in 80249 at 119 compared to a national average of 100. The average individual income in 80249 is $38,188, and its median household income is $76,765 per year.
The current unemployment rate in zip code 80249 is at 2.7%. Job markets in this zip increased by 2.8% in 2020 and will keep growing by at least 45% in the next ten years. The national projections for job market growth for the next decade are 33.5%.
This zip has a sales tax rate of 7.7%, an income tax rate of 4.8%, and an effective property tax rate is $6.48 per $1,000 home value. The median U.S. property tax average rate is $11.78 per $1,000 home value.
At least 78.8% of the locals drive to work, and the average one-way commute time in this zip is 31.9 minutes.
Zip 80249 has 63 public schools, and its annual expenditure per student is $12,637. The average student-teacher ratio in these schools is 16:1.
About 19% of those living in this zip are bachelor’s degree holders, and 8% have higher degree certificates. Other estimates include a student-librarian ratio of 1,179:1 and a student-counselor ratio of 705:1.
Zip 80249 generally has a rural setting, and its residential housing market primarily comprises 80% owner-occupied properties and 20% rent-occupied homes.
The median home value in 80249 is $297,300, and approximately 73% of its current listings costs between $200,000 and $400,000. The current national home value estimate is $217,500.
According to Niche, $1,744 is the median rent in 80249, and $1,062 is the national median. This data suggests that only 6% of the renters in this zip pay below $1,000 for rent each month.
Redfin.com caps the asking price for a 2-bedroom listed apartment at $464,000, a 14.2% increase from last year. This data also indicates that this zip’s real estate has a 19.6% shortage in the number of homes for sale. Its current median sales price of $405,000 compared to the median list price of $411,000.
The median age for the real estate in this zip is 14 years.
Realtor.com states that apart from the 218 active properties with a median listing price of $388,950 available this February, people looking to buy in this zip were actively interested in single-family homes and condominiums.
The median home closed sale price in 80249 is $338,700, and the annual real estate appreciation rate for houses within this zip was 8.1% for the last ten years. At this pace, 80249 guarantees home investors profitable returns of interest.
With an annual comfort index of 7.2/10, both January and July are the only months that 80249 experiences extreme temperatures of 180 and 900. The rest of the year is pleasant, but you should note that 80249 get 245 sunny days and about 80 days of precipitation per year. Zip 80249 generally ranks as 7,749th best zip code to live in the U.S., 133rd best zip code for families in Colorado, and 8th most diverse zip code 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.