Is Denver a good place to invest in real estate?
Is Denver a good place to invest in real estate? Colorado’s Denver housing market has seen a significant increase in value of 133% since Q1 2000. With an annual average of 4.26%, Denver is one of the top cities for real estate appreciation on this list. The percentage of renters in the Denver market is high – fifty percent.
Is it smart to buy a house in Denver? Mortgage rates are low
While home prices in Denver may be high and inventory may be limited, the one benefit of buying a home there today is that Colorado mortgage rates are sitting at very competitive levels. As of this writing, the average 30-year fixed mortgage rate for a new home purchase is 3.133%.
Is buying a condo in Denver a good investment? Price + Location = Value. The Denver housing market continues to demonstrate a rising trend, with a predicted appreciation rate of 3.6% from now to 2020, the affordability of condos in popular Denver neighborhoods is significant compared to the prices of single-family homes in the same areas.
Is Colorado real estate overvalued? National economists put Colorado’s Front Range near the top of a U.S. list of overvalued housing markets.