As a first time home buyer, you may think you’ve only got a handful of financing options to choose from when selecting your first property. However, there are actually several options to choose
9 Best Burbs For Buyers
Even though a recent study determined that home affordability in Denver was the second-worst in the country, promising new data shows that buyers who expand into nine different suburbs outside the metro area can get a lot more bang for their buck.
The study, titled "The 9-to-5 Compromise: What We Save by Moving 15 Minutes Farther From Work," was conducted by Zillow Research, and it examines the pros and cons of trading a longer commute downtown for a lower home price in 34 major American housing markets, including Denver.
The median home price in Denver less than fifteen minutes from downtown is $487,262, according to Zillow Research stats. That number drops to $420,338 for homes that require a commute of between fifteen and thirty minutes and $397,025 for a commute of thirty to 45 minutes.
The nine Denver-metro zip codes said to offer the best value for home buyers willing to spend a little extra time in the car are mainly in the northern metro areas like Westminster, Broomfield, Thornton, Northglenn, and Henderson.
Also highlighted are zip codes pertaining to Harvey Park, Fort Logan and Deer Trail, a community east of Denver International Airport. Homes in the latter can actually be had for under $250,000 — which is hard to come by these days. Read on to see the full list.
80031 – Westminster:
80640 - Henderson
80236 – Harvey Park and Fort Logan
80602 – Brighton
80233 - Northglenn
30 to 45 Minute Commute
Median Home Value: $321,000
| 80022 – Commerce City |
30 to 45 Minute Commute
Median Home Value: $302,800
80105 – Deer Trail
75 to 90 Minute Commute
Median Home Value: $249,900
If you want to get the most from your home buying budget, these areas are definitely worth checking out. Give Metrowest a shout today – we’d love to show you around!
Ray and Carla have been working as a team since 1995. Carla’s extensive knowledge of the Denver area real estate market not only includes over 35 years as a Real Estate Broker Associate but also in....
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