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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 Company not only prioritize protecting your real estate investment but also help them grow.
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Here is everything you need to know about the housing market at zip code 80403.
Zip code 80403 generally covers 133.66 square miles and is found in Jefferson County, Colorado. Its primary area code is 303, and its borders extend towards Arvada, Coal Creek, Crescent, and Golden neighborhoods in Colorado.
This zip has a population density of approximately 136 people per square miles and a population size of 20,499 people.Its ethnic composition mainly consists of 91% Whites, 5% Hispanics, and 2% Asians. Non-citizens in this zip account for about 1.8% of the population.
With 43.6 years as its median age, around 71% of the people living in this zip are over 25 years old.
The U.S. Bureau of Labor Statistics reports that the unemployment rate at 80403 is 2.3% relative to the national unemployment rate of 6.7%.
The per capita income for a typical household of four in zip code 80403 is $114,033, to mean that only 19% of these families earn below $45,000 per year.
These financial estimates additionally indicate that zip 80403 has a median individual income of $51,326. Approximately 62% of the people working within this zip code get a yearly income of more than $35,000.
Relative to the national individual income average of $31,133, the poverty rate in 80403 is 6%. Job markets within zip code 80403 increased by 2.8% over last year and might still grow by 44.3% in the next ten years.
Zip code 80403 has a sales tax rate of 4.5%, an income tax rate of 4.6%, and an effective property tax rate is $5.75 per $1,000 home value. Best Places highlights the effective U.S. property tax average rate as $11.78 per $1,000 home value.
Zip 80403’s one-way commute takes an average of 31.7 minutes, and nearly 9% of its workforce works from home.
Zip code 80123 has 73 public schools and ranks as the third zip code with the best public schools in Jefferson County. Approximately 36% of its population are first-degree holders, while 24% have master’s degrees or higher. The national average for people with a minimum of a bachelor’s degree is 31%.The average student-teacher ratio in most of zip code 80403's schools is 18:1, and the zip spends about $9,727 per student.
Zip 80403 is widely a rural area, and the median age for its real estate is 27 years.
Zillow Home Value Index estimates the current median home value for a middle price-tier property in 80403 to be $493,279. Relative to the national average home value of $320,000, it’s evident that zip code 80123 has a very competitive housing market.
This zip code has 7,948 housing units, and approximately 85% of the homes are owner-occupied. The remaining 15% are rent-occupied.
The number of occupied homes in zip code 80403 was 7,396 at the start of February 2021, and the average rent price in this zip is $1,504.
Home appreciation rates within 80403 averaged to a yearly pace of 7.3% over the last year and 68.3% in the past ten years. These rates make the housing market in 80403 perfect for both long-term and short-term real estate investments.
The Best Places website estimates that this zip has a violent crime rate of 9.6 and a property crime rate of 16. These are way below average compared to national averages of 38.29 for violent crimes and 236.22 for property crimes.
Note that these averages are in terms of reported cases per 1,000 residents.
Zip 80403 has yearly climate averages of 21 inches of rain, 93 inches of snow, and roughly 245 sunny days.
Zip 80123's weather data approximate to yearly averages of 89 days of precipitation, summer highs of 780 in July, and a winter low of 160 in January. The most comfortable months in zip code 80403 are June, July, and August, while December and March are usually less pleasant.
With an annual comfort index of 6.6/10, this zip code ranks as the 27th most family-friendly zip code in Denver and the 6th best zip code to buy a house 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.