Good news for buyers in the Mile High City: According to a recent analysis from Zillow, with the exception of California’s biggest cities, no other housing market is cooling as quickly this year
Exploring Denvers Affordable Neighborhoods
While Denver’s real estate market is experiencing a bit of a cooldown, house hunters in the Mile High City know that prices here are still high. Still, if you know what pockets to search in, there are more affordable options out there than you might think. Check out this overview of three of the more affordable areas in the metro area to purchase a home.
Average Sales Price: $308,463
Montbello is one of Denver’s most vibrant, and yet most misunderstood neighborhoods. Like other neighborhoods, Montbello has suffered its fair share of socio-economic challenges. But today, the crime rate hovers right around Denver’s average and is on the decline. In recent years, this neighborhood has been home to a steady resurgence thanks in large part to its proximity to Denver International Airport and the advent of the light rail system.
Average Sales Price: $315,556
The Barnum neighborhood was named after P.T. Barnum of Ringling Bros. Barnum and Bailey after he purchased the tract of land in 1878. The neighborhood may be named for an eclectic circus tycoon, but the community itself is known for being hard-working and serious about their neighbors. Barnum is a community of families and residents here are generally younger than the rest of Denver. It’s a culture of modest single-family homes, locally owned businesses, and a park with one of the best views of Denver’s skyline.
Average Sales Price: $318,273
Mar Lee is an older, urban neighborhood that sometimes gets a bad rap due to some of the surrounding areas. But overall, it’s a neighborhood that has lots of character and charm. The majority of residents here own their homes and the area generally has lower crime rates than close by communities. Garfield Lake Park is a cornerstone in Mar Lee, and it offers a variety of features for the outdoor lovers including a fitness running course, basketball court, outdoor public pool, softball field, tennis court, picnic facilities, football field, and playground.
Ready to start checking out some of the more affordable options in Denver? You may just fall in love with one of these neighborhoods! Contact Metrowest today – we’d be happy to show you around!