In the Mile High City, taking a home from listing to the closing table happens, on average, in as little as 41 days. According to Trulia, that’s one of the shortest turnaround times in the country
Best Denver Neighborhoods For First Time Home Buyers
With low inventory and high home prices in Denver, first-time buyers are often overwhelmed with how quickly homes sell and discouraged with the lack of options for their first starter house. It’s a competitive market in Denver, to be sure, but there are still up and coming neighborhoods that offer more affordable choices for first-time buyers. Check them out below!
A key to finding more affordable options is to move outside the city center. These areas are much easier to get your foot in the door. Using data from Zillow’s Home Value Index report and based on affordability and safety, these are the top five neighborhoods for first-time buyers:
1. Indian Creek
This neighborhood sandwiched between Highway 83 and Quebec St. in southeastern Denver isn’t very big, but it’s a good combination of affordability and low crime.
Crime density:176.6 crimes per square mile
Zillow Home Value Index:$239,300
2. Gateway - Green Valley Ranch
The Gateway - Green Valley Ranch neighborhood is right off Pena Boulevard near Denver International Airport, so as long as you don’t mind the noise of planes passing overhead, it can be a good option for a first-time homebuyer.
Crime density:195.9 crimes per square mile
Zillow Home Value Index:$287,600
The Globeville neighborhood sits at the intersection of I-25 and I-70, north of downtown Denver. While crime and home prices are low here, it’s worth noting that this area, along with Elyria-Swansea (below), was recently named the most polluted zip code in the country.
Crime density:381.6 crimes per square mile
Zillow Home Value Index:$229,300
Elyria-Swansea sits just east of Globeville, along I-70. The neighborhood is at the center of a controversial proposal to lower part of the freeway and cover it with a park.
Crime density:404.2 crimes per square mile
Zillow Home Value Index:$226,900
5. Chaffee Park
This neighborhood is west of Globeville, sitting just north of I-70 and east of Federal Boulevard.
Crime density:447.8 crimes per square mile
Zillow Home Value Index:$293,700
If you’re ready to start checking out any of these affordable areas, contact Metrowest. We’d love to show you around!
DAVE NELSON, 4-time 5280 Magazine 5 Star Real Estate Professional. Dave’s career in real estate has chronicled more than 15 years. Known as a true real estate professional, Dave is experienced i....