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
Best Neighborhoods For The Money In Denver
As Denver residents know all too well, the Mile High City is experiencing growth and expansion like we’ve never seen before. If you’re considering jumping into homeownership, according to 360dwellings.com, there are ten neighborhoods that are going to give you the most for your investment dollars. In this two-part installment, we’ll give you the rundown of 5 of the ten best neighborhoods to invest in. The list was compiled keeping the following factors in mind: recent income growth, current employment rates, average home sale prices, crime statistics, and school ratings.
Congress Park (percentage increase in home sale price: 19.13%) Congress Park has seen a surge in restaurants and shops flooding in over the past few years, making it even more desirable. Here house hunters will find bungalows and traditional brick homes surrounded by mature landscaping. The schools are highly sought after as well, making it even more popular.
Hilltop (percentage increase in home sale price: 17.68%) One of the more expensive neighborhoods on the list, Hilltop features beautiful historic homes that that would make anyone envious, as does historic Cranmer Park which is a very popular green space here.
Mar Lee (percentage increase in home sale price: 20.21%) This affordable neighborhood has been booming and is highly desirable for first-time buyers. The low crime rate, parks, dining-out options, and proximity to amenities are among the top reasons for the surge.
Hampden South (percentage increase in home sale price: 33.45%)This area has seen one of the biggest jumps in home sale prices. It’s no wonder way - this neighborhood offers easy access to all of the amenities without the hassle of difficult parking and crazy traffic of downtown. You can also score some pretty sweet views of the foothills from here as well.
Indian Creek (percentage increase in home sale price: 19.76%) Located just west of Cherry Creek, residents of Indian Creek can enjoy the popular cycling path which cuts through this great neighborhood. Made up of part industrial space and part residential areas, this neighborhood is one to watch.
If you’re interested in checking out some of the best neighborhoods in Denver, there are still good deals to be found. Contact Metrowest today – our experienced pros would love to help you start the process!
Paul Jevne was born and raised in Central Wyoming. Upon leaving High School he began a career in the oilfield. Here he developed an excellent work ethic. Paul soon realized he didn't want to continue ....
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