Demand for rental properties in Denver is high, especially during May and June when many college graduates move to the area in search of job opportunities. This has led to an annual real estate appreciation of 9.46%, which places Denver among the highest 10% nationally in terms of real estate appreciation. Investing in the Denver housing market can be a great opportunity for those looking to buy a property in one of the best housing markets in the United States. However, renters should be aware that the rental market in Denver can be competitive and prices can change quickly, so it's important to stay informed and plan accordingly.
The top 25 employers in the Denver metro area include government and municipal organizations and corporations. They have stated that any single-family home in the Denver housing market could be considered a good rental property due to the rapid rise in home prices. In terms of months of supply, Denver can become a buyer's market if supply increases to more than six months of inventory. The city offers a balance between old and new, with rows of restaurants, independent stores and lively nightlife in downtown's Victorian-era buildings.
Despite recent cooling, there are still many reasons to consider a long-term investment in the Denver housing market. The shortage of housing for a growing population, a strong economy, and the 26% increase in jobs have all contributed to increased demand for properties in the Denver housing market over the past few years. Let's take a look at some of the positive aspects of investing in the Denver housing market that can help investors who want to buy investment property in this city. The monthly supply of inventory in the Denver metropolitan housing market remains low compared to the excess of buyers.
When investing in the Denver housing market, it is important to make sure that you are investing in a neighborhood that is not going downhill. Denver is a key commercial hub for the country and home to several large corporations located throughout the central United States. In general, rental prices in the Denver metro area are relatively high, with significant variation depending on neighborhood, apartment type, and season. Other attractions in the area include, but are not limited to, the Denver Zoo and the Denver Botanical Gardens.
