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Denvers Most Expensive Rental Area A Mixed Bag For Buying
The Golden Triangle is fast becoming one of the most popular neighborhoods in Denver. It’s no wonder – some have even equated the heavily cultural area to New York City's Upper West Side. But along with the culture thought to be only found in NYC, rental prices in this area may make you wonder if you’re still looking for housing in the Denver ‘burbs or Manhattan!
While it’s not officially recognized as a neighborhood by the city of Denver, Golden Triangle is generally considered to be bounded by Colfax Avenue to the north, Speer Boulevard to the west and south and Broadway/Lincoln to the east. Some people include Civic Center Park in the boundaries.
It may come as a surprise to some, but Golden Triangle is Denver's priciest neighborhood for renters, according to Zumper, with median rents at about $2,100 for a one-bedroom. Rent Jungle agrees, ranking the Golden Triangle just ahead of Cherry Creek for average rents.
The Golden Triangle neighborhood began turning into a sophisticated culture-rich area in the 1990s when the Denver Central Library was completed and new condos, restaurants, and other developments started springing up in this urban space. A lot of what’s driving the rental prices here can be attributed to the high concentration of newer, luxury apartment complexes in the neighborhood.
Home prices, on the other hand, can be a bit of a mixed bag - homes for sale there are priced all over the map, from 1-bedroom, 1-bathroom condos for $219,000 to penthouses with a price tag of more than $4.3 million.
There are definitely deals to be found in this booming neighborhood – you just have to know where to look. Contact Metrowest today and we’d be happy 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....
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