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Top Five Denver Neighborhoods for 2018
The median home price in Denver surged to $426,640 so it is not surprising buyers are flocking to these Top Five Denver Neighborhoods. What’s more, Denver-metro is holding one of the top spots – out of all major U.S. cities – for the fastest home appreciation rates. These top Five Denver Neighborhoods all are unique however they all offer great city living and are very commutable to DTC, Downtown or even North Metro.
If you have been to an open house lately you see the madness of home buyers wanting to get there share of the market appreciation.
If you’re a homeowner, this probably makes your day. But if you’re a prospective home buyer, trying to live the American Dream, you might be wondering were you may be able to afford a home and still have convenient access to the City.
Here are the top five Denver neighborhoods.
1) Ruby Hill
Average List Price: $323,000.
Community Features: Running along the South Platte river, Ruby Hill, offers several great parks, bicycle paths and is conveniently located on the west side of I-25, making commuting into the city or mountains a breeze. The neighborhood has several improvement projects recently completed, including a new pavilion and highly anticipated outdoor amphitheater. Movie night in Athmor Park and Lake.
2) Federal Heights
Average List Price: $352,000
Community Features: Located west of I-25 and North of HWY 36 is the Federal Heights neighborhood, which offers great Pearl Mac starter homes and one of Denver’s easiest commutes to Denver and Boulder. Only 4.3 miles from the Highlands and Downtown along with the city’s most acclaimed restaurants.
Average List Price: $387,000
Community Features: Located just east of Five points and The hip Rihno area, yet north of City Park. Clayton/Cole/Whittier is a stone’s throw from the more affluent Park Hill area. The neighborhood is a great fit for families who still enjoy the bright lights of the city, but desire a more family-friendly environment. With the Denver Zoo, Denver Museum of Nature & Science and the City of Nairobi Park just minutes away, this location can be a paradise for runners or families.
4) Globeville/River North Art District
Average List Price: $280,000
Community Features: Globeville, located south of I-70 and east of I-25, used to be known for its abandoned warehouses. But one of Denver’s oldest and more industrial neighborhoods is getting massive new construction projects. Site of the New Blue Moon Brewery. Developers are adding more residential buildings, restaurants and even plan to open a 77-acre commercial park. Keep an eye on this area as it is very early in the re-deveploment stages which will lead to early buyers making large appreciation gains.
5) Chaffee Park
Average List Price: $373,000
Community Features: The Chaffee Park Located North of I-25 and east of Federal Ave. The Chaffee area is widely known as Northwest Denver sits only a few minutes from the Lower Highlands and consequently some of the best bars and restaurants in the city. While homes may be older, they also boast larger than average backyards and patios.
If you are a home buyer or have a friend or Family member that is looking for a Local Expert please call me at 720-275-0974.
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