Rental Market News

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Denver’s Most Expensive Neighborhood for Renters is a Culture Capital

Source: Denver Business Journal

Golden Triangle - Civic Center Neighborhood, Denver Colorado | Love Your Hood®

Denver real estate has thrown us an interesting curve ball and we love where it’s taking us. Golden Triangle, one of Denver’s oldest neighborhoods, is the most expensive area to rent (we’re talking median rent of $2,100 for a one bedroom!). The art scene, local restaurants and bars, and all of the happening festivities draw people into this culturally rich, upscale neighborhood. But wait for it….

It may be ridiculously pricey to rent in Golden Triangle, but it’s not ridiculously pricey if you want to buy, with properties for sale starting at $219k.* Which means you can buy in this hood and have a mortgage that is less than the median rent. We’ll take it!

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*at the time this article was written.

Denver one of nation’s hardest cities to add apartments

Source: We Are Apartments

Denver one of nation’s hardest cities to add apartments

Denver placed 9th out of 50 metro cities for hardest places to add apartments. Denver’s biggest barriers to growth are the lack of additional land to develop within the county and city regulations. Factor in expensive land and high construction costs and it’s no wonder that affordable housing is becoming more and more difficult to find. Read the full report or:

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Denver Millennials may have finally pivoted from renting to buying

Source: Aldo Svaldi at The Denver Post

Denver Millennials may have finally pivoted from renting to buying

Millennials catch a lot of flak these days for not buying homes. But median home prices in Denver prevent a lot of first-time buyers from entering the market. Millennials are aging into homeownership as the labor market is booming and wages are growing, which is starting to drive demand. If only housing inventory could rise to make life easier for Millennials looking to buy.

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Denver Rent Increases Wipe Out Last Fall’s Decrease

Source: Aldo Svaldi at The Denver Post

Denver Rental Market Price Increases

Metro Denver apartment rents rose for the third straight month in March, erasing all the declines that went in favor of tenants last fall, according to a report Tuesday from Axiometrics, a Dallas firm that tracks multi-family housing trends.

Metro Denver’s average effective apartment rent stood at $1,411 in March, up $22 from February and $51 higher than the recent low of $1,360 measured in December, according to Axiometrics.

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