According to a recent report from Zillow, Denver homes won't appreciate as much as the national average over the next year. Zillow estimates that nationally, homes will appreciate 3.1 percent over
Neighborhood Spotlight Capitol Hill
One of Denver’s most diverse and popular neighborhoods, Capitol Hill features a fantastic blend of classic architecture and modern destinations. It’s also one of Denver’s most densely populated areas. According to the most recent census data, about 15,500 people live in Capitol Hill, which is bounded by Broadway to the west, East Colfax Avenue to the north, North Downing Street to the east and East Seventh Avenue to the south.
While much of Capitol Hill’s original stunning architecture was gutted for newer and bigger buildings in the 1950s and 1960s, preservation efforts began emerging in the 1970s. Historic Denver and the Denver Landmark Commission were formed and fought to designate some of the buildings as historic landmarks, including the Molly Brown House, Crawford Hill Mansion, Poet’s Row and many other buildings. All of these sites help tell the story of the area.
Capitol Hill has seen its share of changes throughout the years; however, one thing that has remained constant is the demand for housing. According to REColorado, homes in Capitol Hill have a median sales price of $360,000, a 22 percent jump from last year. Rents there are also high, with a median rate of $2,800 for all-size properties.
Residents of Capitol Hill have a wide variety of cultural and entertainment options right outside their doors. From local coffee shops to night clubs to museums and beyond, those lucky enough to live in this booming neighborhood are never at a loss for something to do.
Want to learn more about this exciting area? Check out this slideshow compiled by the Denver Business Journal: http://tinyurl.com/gluvark.
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....
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