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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 80401.
Zip 80401 is a northern Colorado zip code that extends through Golden, Lakewood, and Evergreen neighborhoods. The zip covers about 52.18 square miles and has a population of more than 42,169.
The local racial makeup in zip code 80401 mainly consists of 84% Whites, 9% Hispanics, and 3% Asians. Close to 4%are non-citizens.
The median age in 80401 is 39.4, and over 51% of its inhabitants are married. Approximately 39% of the people living here have children, and only 31% of the population are below 25 years.
The median age in the U.S. is 37.4
Households in 80401 usually accommodate an average of 2.3 people per household, which is higher than the national average of 2.6 people per household.
The current unemployment rate in 80401 is 2.5% relative to a national average of 6.7%. The poverty rate here is nearly 3%higher than the median for the entire U.S.
Job market reviews for 80401 indicate that the job market grew by nearly 3% in 2020 and might still increase by at least 44.3% in the next ten years.
Niche highlights that 80401 has a median individual income of $38,175 and a median household of $85,833. Both of these are higher than the national averages of $27,419 and $55,322.
Further income data analysis suggests that most of the people working here earn $15,000+ per year, and only 54% of the households in this zip get more than $75,000 per year.
Zip code 80401 has a sales tax rate of 4.5%, an income tax rate of 4.6%, and an effective property tax rate is $5.85 per $1,000 home value. The effective national property tax average rate is $11.78 per $1,000 home value.
Close to 10% of the local workforce in 80401 works from home, while the rest commutes to work. The average one-way commute here takes 24.4 minutes. That of the entire nation is 26.4 minutes.
With only 62 public schools within its borders, zip 80401 allocates an annual expenditure of $9,727 per student.The average pupil-teacher ratio in 80401 is 18:1.
The Great Schools database reports that public school performance in 80401 is above average, and more than 55% 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 755 individuals per square mile, zip 80401 feels more like a dense suburban area.
With a land size of more than 52 square miles, this zip hosts more than 42,000 people and has about 16,895 housing units in total. Occupancy in zip code 80401 splits into 67% owner-occupied residences and 33% rent-occupied homes.
The most common real estate here comprises single-family homes with at least two bedrooms.
According to niche.com, zip 80401 has a median home value of $473,900 and a median rent of $1,357. These medians are higher than the national averages of $184,700 and $949 for home values and rent.
Niche additionally highlights that only 11% of the current listings cost less than $200,000, and about 4% of those renting in zip code 80401 are currently paying a monthly rent price of less than $500.
Zillow estimates that home values in 80401 rose by 10.6% over the last year and predicts that the zip's real estate costs will increase by 6.7% in the coming year. Homes within zip code 80401 appreciated at an overall pace of 74.2% for the last ten years. This rate equates to a yearly estimate of 8.1%, a perfect quote for short-term home investments.
The climate here generally includes summer highs of 88 degrees in July, a winter low of 20 degrees in January, an average of 18 inches of rain per year, and about 66 inches of snow on average.
With an average of 82 days of precipitation and 205 days of pure sunshine, zip 80401 score an annual comfort index of 7.2/10.
The Best Places website ranks zip 80401 as the 49th best zip code to live in Colorado, 38th best zip code for families in Denver Area, and the 7th zip code with the best performing schools in Jefferson 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.