Neighborhood Spotlight Northglenn

Dated: 10/06/2016

Views: 462

Image title

Thanks to its location, millennial buyers and increasing affordability, the suburb of Northglenn is gaining national attention. According to the Denver Business Journal, last week realtor.com named 80233 – the zip code covering the original Northglenn neighborhoods —  one of the 20 most popular housing markets in the U.S. this year.


Coming in third behind suburbs in the Fort Worth, Texas and Pleasant Hill, California areas, Northglenn has homes selling in as little as just 11 days, according to the report. Sales have slowed a bit from last year; however, according to the analysis on realtor.com, that’s still 20 days faster than Adams County, 29 days faster than Denver metro area and 67 days faster than the U.S. average.


Experts attribute much of the growth in Northglenn to large millennial populations, a strong job market and the opportunity to purchase into otherwise expensive housing markets. Affordability seems to be key in the increased interest in Northglenn, as buyers can find a larger inventory of homes under $300,000. Parts of Thornton are also included in 80233, where buyers can find median list price is of $278,000, compared with $477,000 for the overall metro Denver area. According to the report, millennials are the dominant homebuyer in the area, making up 36 percent of mortgages.


Coming in just behind Northglenn is the Colorado Springs zip code of 80916, which ranked No. 4, with a median price of $178,000 and listings remaining active for about 17 days.


Ready to start checking out homes in these exciting areas? Contact Metrowest today – we’d love to show you around!

Latest Blog Posts

Exploring Villa Park

It may seem like all of Denver’s best neighborhoods are priced to the max, but if you know where to look there are definitely some gems to found. While inventory is increasing slightly, buyers

Read More

Fall Brings Cool Down To Denver Market

According to last week’s trends report from the Denver Metro Association of Realtors (DMAR), last month the number of homes on the market jumped, the number of home sales dropped, and price

Read More

Denver Ranks 6th In The Nation For Home Sale ROI

According to a recent survey by realtor.com, the return on investment for Denver homes is one of the highest in the country.The analysis found that the median return for homes was 8 percent

Read More

Plan To Double Affordable Housing Fund Gets Approval In Denver

According to the Denver Business Journal, a proposal to double Denver's Affordable Housing Fund from an annual sum of $15 million to $30 million recently advanced out of the city's Safety, ,

Read More