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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 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 80602.
Zip 80602 is a 30.08 square mile zip code and is located within Adams County. Mainly found within are a code 303, zip 80602’s borders extend through Thornton and Brighton cities in Colorado.
Current demographic statistics suggest that zip 80602 has a population density of approximately 920 people per square mile.
According to Best Places rankings, 80602 is the 136th best zip code to live in Colorado, 73rd most diverse zip code in Denver, and 6th most family-friendly zip code in Adams County.
With a population of 36,262 people, its population mainly comprises Whites and Hispanic, who account for 72% and 17%.
About 27% of the people living in 80602 are aged below 18 years, suggesting that this zip has a more young adult population than most surrounding neighborhoods.
According to data from the U.S. Bureau of Labor Statistics, the unemployment rate at 80602 is now at 1.9% relative to the national unemployment rate is 6.7%.
The per capita income for a typical household of four in zip code 80602 is $116,500. A further breakdown reveals that approximately 24% of the families in this zip earn below $75,000.
These financial estimates additionally equate to a median individual income of $52,260, suggesting that about 65% of the residents working in zip code 80602 get an income value of more than $35,000.
Relative to the national individual income average of $31,133, the poverty rate in 80602 is 4.3%. Job markets within zip code 80602 increased by 2.8% by the end of 2020 and are projected to grow by 47.4% in the next ten years.
Zip code 80602 has a sales tax rate of 8.5%, an income tax rate of 4.6%, and an effective property tax rate is $6.90 per $1,000 home value. The effective national property tax average rate is $11.78 per $1,000 home value, according to Best Places.
With only 9.2% of telecommuters, it’s good to note that a typical one-way commute takes an average of 32.1 minutes in this zip.
About 28% of the people living in zip code 80602 are bachelor's degree holders, and 15% have higher degree qualifications. The national average for first-degree holders is 31%.
Zip 80602 has 37 public schools, which the Great Schools website gives an average rate of about 6.8/10. The average student-teacher ratio in most of these schools usually is 20:1, and the zip spends about $8,922 per student.
Zip 80602 generally has a rural setup, and the median age for its real estate is 13 years.
Zillow Home Value Index estimates the current median home value for a middle price-tier property in 80602 to be $529,510. Relative to the national average home value of $320,000, the 80602 real estate is more competitive than in most similar zip codes throughout the U.S.
Zip 80602 has 9,248 housing units. About 93% of these homes are owner-occupied, and 7% are rent-occupied. Other housing records show that the number of occupied residential units in this zip is 8,910 homes.
The average rent price in 80602 this February ranges around $2,108.
Home appreciation rates within 80602 averaged to a yearly pace of 6.4% for the last one year and 69.5% for the past ten years. Zillow predicts that home value in this zip will increase by 5.9%in the next 12 months.
These rates merely suggest that the housing market in 80602 is 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 7.3 and a property crime rate of 14.2. Factors such as the rising real estate costs, reduced interest rates, and plenty of outside space in zip code 80602 might contribute to a more thriving housing market this year.
Zip 80602 has a general climate average of 15 inches of rain per year, 44 inches of snow per year, and about 245 sunny days in a year.
The zip code only gets 76 days of precipitation every year, summer highs of 900 in July, and a winter low of 170 in January. June, August, and September are usually the most comfortable months in 80602, whereas December and January are the least favorable.
Zip 80602 has an annual comfort index of 7.3/10, according to Best Places.
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.