Denver has been one of the fastest-growing metro areas in the United States for years. It stands out for ranking among the top ten in quality of life, as well. That is reason enough for many potential real estate investors to consider buying Denver investment properties. Take its relatively low taxes and landlord-friendly laws into account, and this looks like a great time to buy. However, some areas are better than others.
Let’s learn more about the local real estate market as a whole before we tell you which neighborhoods are the best places to look for Denver rental properties. The homes in the Denver area doubled in value from 200,000 to 424,000 dollars over the past ten years. The median home price hit 480,000 dollars at the end of 2019. That translates to roughly 7.5 percent annual appreciation rate for ten years straight. For comparison, wages only increased by about 2 percent a year.