9 Best Burbs For Buyers

Dated: 08/13/2018

Views: 282

Image titleEven 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:
15 to 30 Minute Commute
Median Home Value: $351,500

80260 - Federal Heights and Thornton
Median Home Value: $312,800

80640 - Henderson
30 to 45 Minute Commute
Median Home Value: $366,300

80236 – Harvey Park and Fort Logan
15 to 30 Minute Commute
Median Home Value: $378,300

80602 – Brighton
Median Home Value: $448,900

80233 - Northglenn

30 to 45 Minute Commute

Median Home Value: $321,000

80234 – Northglenn and Broomfield
Median Home Value: $365,500

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!

Blog author image

Carla Winter - Raymond Selix

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....

Latest Blog Posts

Denver Home Price Gains Leveling Out With Rest Of US

According to the S&P CoreLogic Case-Shiller Indices for June, home price gains are continuing to slow across much of the country, including in metro Denver, where they are starting to move in line

Read More

Denver Home Sales See A Decline In August

Despite mortgage rates reaching their lowest levels in three years, according to the Denver Metro Association of Realtors (DMAR), buyers purchased 5,219 homes and condos last month in metro Denver,

Read More

Colorado Federal Housing Authority First Time Home Buyer Programs

Many people are aware of traditional loan options for first-time buyers, but there are also several options at the state level that can help Colorado house hunters become homeowners. Here we’ll

Read More

Neighborhood Spotlight CoryMerrill

Cory-Merrill is a quiet neighborhood near south Denver, with a population of around 4,749. For a variety of reasons, Cory-Merrill is one of the best places to live in Colorado.Bounded by South

Read More