Denver Investment Property for Sale - 2023 Rental Home Appreciation
Denver, Colorado, was recently named one of the country's best cities to live in by U.S. News & World Report. Not only because of its fantastic views over the nearby Rocky Mountain range but also because of its fantastic cultural scene and friendly people.
But did you realize that the city has also enjoyed strong population, real estate, and job growth over the past few years that shows no signs of slowing down?
As a result, there are many attractive real estate markets in Denver, Co., and it's not surprising that real estate investors across the U.S. are heading West to take advantage of exceptional property deals. This article will dig into the specifics of the Denver market, why it's a growing real estate market, and detail the neighborhoods investors believe are ripe for realty investment.
Denver's Attractive Housing Market
Denver is popular with real estate professionals because of the outstanding quality of life it offers. It has 300 days of sunshine per year and 200 city parks. And nearby, nearly 20,000 acres of parks are waiting to be explored in the Rocky Mountains. Denver is also one of the fastest-growing metro areas in the United States, making it an excellent option for real estate investors looking for predictable cash flow.
Many investors believe that buying Denver real estate investment properties is a fantastic choice. A few neighborhoods and surrounding areas that real estate investors are flocking to include:
- Rosedale: Realtors suggest this is an upscale area with many investment opportunities that command rents around 9% higher than the average rent in the Denver area. This area's common real estate investment properties include single-family homes, townhomes, or newly built apartment buildings with attractive floor plans.
- Chaffee Park: Chaffee Park is one of the most affordable neighborhoods in Denver to buy a rental property. Homes for sale or lease include condo investment properties making property management simple and rental income lucrative in this rental market.
You could also consider making your real estate investment in the nearby cities of Aurora, Lakewood, or Colorado Springs, all popular with renters and within easy reach of Boulder and the Denver metro area.
Rental Home Appreciation in Denver
Denver Real estate has been on the upswing for the last decade, and recent events haven’t slowed the momentum. Denver has a low unemployment rate, and with more and more people enjoying the opportunity to work from home, the city has seen its population grow.
Residents love taking advantage of the city’s beautiful parks and open spaces. To enjoy its boutiques and art galleries, you could also head to Cherry Creek North, the premier outdoor retail and dining destination. Denver investment property owners love the proximity of this remarkable space.
Economic Growth in Denver
Economic and real estate growth in Denver has been expansive. The tech scene has attracted companies such as Google and HomeAdvisor, and like the Bay Area’s Silicon Valley, Denver is branding itself “Aerospace Alley” by enticing The Boeing Company, Raytheon, and Northrop Grumman to the local area.
Colorado’s traditional agricultural industry generates over $5 billion a year, with Love Grown Foods, Leprino Foods, and Nutrien among the largest employers. There are also many opportunities in the beverage sector, with Colorado ranking third in the nation for craft beer sales and production.
Is Denver calling your name?
If you’re interested in learning more about how to easily invest in rental homes in Denver, head over to Arrived for more information.