Are you curious about the Denver real estate market? From median home values to rental rates, this blog post will provide an overview of current statistics and trends in the Denver housing market. We'll look at data from sources such as Zillow, Realtor.com, Redfin, Macrotrends.net, DataUSA.io and more to get a better understanding of what's happening in one of America's hottest markets right now.
Denver Real Estate Market Statistics Overview
Denver has a homeownership rate of 50.19%.
The homeownership rate of 50.19% in Denver is a telling statistic that speaks volumes about the city's real estate market. It indicates that a majority of Denver residents are invested in the city, and that the market is strong enough to support a large number of homeowners. This statistic is a testament to the stability and growth of the Denver real estate market, and is a great indicator of the city's overall health.
Approximately 43% of Denver residents rent their homes.
The fact that 43% of Denver residents rent their homes is a telling statistic when it comes to the Denver real estate market. It speaks to the demand for rental properties in the area, and the potential for investors to capitalize on this demand. It also indicates that the market is likely to remain competitive, as there are a large number of people looking for rental properties. This statistic is an important indicator of the current state of the Denver real estate market.
Denver’s multifamily market had a 4.9% vacancy rate in Q4 2020.
The statistic of Denver's multifamily market having a 4.9% vacancy rate in Q4 2020 is a telling sign of the strength of the Denver real estate market. It shows that despite the economic downturn caused by the pandemic, the city's multifamily market is still thriving and is a great investment opportunity for those looking to buy or rent in the area. This statistic is a great indicator of the overall health of the Denver real estate market and is an important piece of information for anyone looking to invest in the area.
Average rental rates in Denver increased by 2.2% year over year in 2020.
This statistic is indicative of the Denver real estate market's strength in 2020, despite the economic downturn caused by the pandemic. It shows that rental rates in Denver were able to remain relatively stable, and even increase slightly, despite the difficult circumstances. This is a testament to the resilience of the Denver real estate market and provides a positive outlook for the future.
Denver's population grew by 20% from 2010 to 2019.
The impressive 20% population growth in Denver from 2010 to 2019 is a testament to the city's desirability as a place to live. This population surge has had a direct impact on the real estate market, with demand for housing increasing and prices rising accordingly. This statistic is a key indicator of the strength of the Denver real estate market and provides valuable insight into the current state of the market.
Residential property values in Denver increased by an average of 7.9% in 2021.
This statistic is a testament to the strength of the Denver real estate market in 2021. It shows that despite the economic uncertainty caused by the pandemic, residential property values in Denver have continued to rise, indicating a healthy and resilient market. This is great news for potential buyers and sellers alike, as it suggests that the Denver real estate market is a safe and profitable investment.
The median rent price in Denver is $2,099.
The median rent price in Denver is a telling statistic when it comes to the Denver Real Estate Market. It provides insight into the affordability of the city, and can be used to compare the cost of living in Denver to other cities. It also gives potential renters an idea of what they can expect to pay for a place to live in the city. This statistic is an important piece of the puzzle when it comes to understanding the Denver Real Estate Market.
About 20% of residents in Denver have a mortgage.
The fact that 20% of Denver residents have a mortgage is a telling statistic when it comes to the Denver real estate market. It indicates that a significant portion of the population is actively investing in the market, which could be a sign of a healthy and growing market. Additionally, it could be an indication of the affordability of real estate in the area, as many people may be able to purchase a home with a mortgage. This statistic is an important piece of the puzzle when it comes to understanding the Denver real estate market.
The Denver real estate market is a vibrant and dynamic one. Home values have increased by 8.8% in the past year, with the median home value currently at $542,000. There are 1,447 homes for sale in Denver right now and they tend to stay on the market for an average of 15 days before being sold. The median price per square foot is $411 while rent prices hover around $1,670 per month on average.
Homeownership rate stands at 50%, with 43% of residents renting their homes instead; single-person households make up 53%. Property taxes are relatively low compared to other cities across America - averaging out at about $1,613 annually - but bidding wars can be fierce due to high demand from buyers looking for condos or townhomes (35%). Mortgage holders account for 20% of all residents in Denver as well as a price-to-rent ratio that sits comfortably above 22 points.
Overall it's clear that there's plenty of opportunity available within this bustling city when it comes to buying or renting property; whether you're looking into investing long term or just need somewhere short term until your next move elsewhere –Denver has something suitable waiting.
0. - https://www.multihousingnews.com
1. - https://www.yardimatrix.com
2. - https://www.macrotrends.net
3. - https://www.worldpopulationreview.com
4. - https://www.datausa.io
5. - https://www.zillow.com
6. - https://www.denverpost.com