Top Denver Neighborhoods

The Top Denver Neighborhoods of 2020

What a year 2020 was! With everything that happened in the world unrelated to real estate, you would have hoped we’d be seeing numbers that are kinder (a.k.a. less expensive) this year. One word to sum that up: nope!

The Most and Least Expensive Denver Neighborhoods

We’ve all heard how expensive Denver is becoming. When we look at the stats for the entire Front Range, counties like Boulder and Clear Creek tend to skew the numbers. Dialing into just Denver County, we see that the median sale price (MSP) went up 9.1% in 2020, but some neighborhoods have seen an even higher increase. So, to answer the burning question, is Denver becoming unaffordable? I’ll let you decide…

  • The most affordable neighborhood (bottom of the list) rose 18.3% from 2019, to an MSP of $210,000.
  • Over 51% of Denver’s neighborhoods have an MSP greater than $500,000 (up from 45% of neighborhoods in 2019).
  • Only 43% of Denver’s neighborhoods are in the $250k-$500k range (down from 50% in 2019).
  • Just 3.8% of neighborhoods have an MSP of less than $250,000 (unchanged from 2019).

See Full List

Denver Neighborhoods that Appreciated the Most + Least in the Last Year

We ranked Denver’s hottest up-and-coming neighborhoods using historical price growth data. A newcomer to our MSP growth list in 2020 was Hilltop, at 28.9% above Denver’s county’s already high appreciation of 9.1% (total appreciation of 38.0%!). Hilltop’s appreciation was driven by its larger lots and high amount of home renovations and new construction compared to its peer neighborhoods. The word is also getting out about Clayton, which boosted its neighborhood appreciation by 25.6% (approximately $100k of appreciation).

On the flip side, Union Station was hit hard by the pandemic as large-building living became less popular and an influx of new listings hit the market. Other traditionally hot neighborhoods saw a cool-off as well, which was welcomed by buyers searching in those neighborhoods.

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The Top Denver Neighborhoods of 2019

The end of a decade is always an excuse for reflection, and in Denver’s real estate market there is much to reflect on.  The events of the last year alone are a lot to take in… luckily, Love Your Hood is here with your easy-to-digest 2019 Denver market highlight reel! 

The Most and Least Expensive Denver Neighborhoods

Denver County as a whole saw a median home prices just over $442k last year.  Flashback to 2010, Denver had a median price of $203k. This statistic has more than doubled since the decade started!  Country Club topped the median sales price (MSP) charts in 2019, with a MSP of $1,164,000.  Goldsmith took home the most affordable neighborhood position with an MSP of $177,500. Check out how the other neighborhoods stack up in affordability:

  • Over 45% of Denver’s neighborhoods have an MSP of greater than $500,000.
  • About half  of Denver’s neighborhoods are in the $250k-$500k range, and
  • Just 3.8% of neighborhoods had an MSP of less than $250,000. Tight budget = tough to find a home.

The Most Expensive and Most Affordable Denver Colorado Neighborhoods of 2019

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Map of Median Sale Price by Denver Neighborhood

This interactive map shows the city of Denver broken down by affordability of median sales prices.  Scroll over a neighborhood to see its MSP for 2019, and use the buttons along the bottom of the map to share and see full screen. Read on to see Denver’s neighborhoods categorized in a few more useful ways!


Denver Neighborhoods that Appreciated the Most + Least in the Last Year

We ranked Denver’s hottest up-and-coming neighborhoods using historical price growth data.  Topping the list for MSP growth in 2019 was Auraria at 28%, driven largely by the proximity to Union Station and low number of total homes in the neighborhood. Cherry Creek, Speer & Union Station (LoDo), three neighborhoods highly sought-after by homeowners and businesses, were also at the top. Notable as well is Marston and Elyria Swansea, two neighborhoods whose median sales prices fell under the Denver Metro MSP in 2019 but their MSP growth was near the top.
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2017 Denver Neighborhood Real Estate Stats

2017 was another wild year for Denver real estate. If there were three ways to describe it, it would be: low inventory, low days on market, and multiple offers. All three descriptors attributed to rising home prices and frustrated buyers who are getting priced out of the market.

The Most and Least Expensive Denver Neighborhoods

The median sales price for all of Denver County reached $395k in 2017; a number that has nearly doubled from $200,000, just ten years ago. Hilltop ranked the most expensive neighborhood, with a MSP of $1,115,000 and Goldsmith ranked the most affordable with an MSP of $143k. Breaking it out further:

  • 31% of Denver’s neighborhoods have an MSP of greater than $500,000.
  • 64% of Denver’s hoods landed in the $250k-$500k range, and
  • 5% of neighborhoods had an MSP of less than $250,000, making it tough for buyers with a limited budget.

Most Expensive & Most Affordable Denver Neighborhoods of 2017

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Map of Median Sale Price by Denver Neighborhood

$143,000 – $1,115,000 is a large spread, there are still some affordable neighborhoods (and even a few opportunities to score a deal in more expensive neighborhoods). Either route you go, fast action, well crafted offers, and of course, a strong offer price are required to come out on top of the negotiations when buying a place.

View map in larger screen here.


Denver Neighborhoods that Appreciated the Most + Least in the Last Year

One of the most common questions we get asked is, “which neighborhoods can we expect to appreciate the most in the upcoming years?” We can’t predict the future but we can rely on past market activity to give us a general direction of where we’re headed. (more…)

Top Denver Neighborhoods in the First Half of 2017

Denver is still in a deep seller’s market. Lack of new inventory and continued buyer demand are keeping things tight as we go into the third quarter. The only cool down coming in the second half of 2017 is fall!

Union Station - LoDo | Denver, Colorado | Love Your Hood®
Union Station (LoDo) | Denver Neighborhood with the Most Expensive Square Footage

The Most + Least Expensive Denver Neighborhoods

When compiling the most expensive and affordable Denver neighborhoods, we found it helpful to analyze the list two different ways: one based on the median sales price and the other based on price per square foot. Why? When you think Country Club, you think of large houses and decent size lots. While this neighborhood boasted the highest median sale prices in the city, it doesn’t have the highest price per square foot. Instead, if you want to know the most expensive prices per square foot of real estate, check out the second list. Think of more urban, densely populated neighborhoods for this. While these homes may not be as large, each square foot of them is more expensive.

Based on Median Sale Prices

Don’t feel bad if you are scratching your head and saying to yourself, “Auraria, really?” We did the same thing, so we dug into the numbers to see what was up. This hood only has a few housing options, all of which are loft/condo units. With only four sales in the last six months (and one of them going for $1.9 million), there isn’t enough data to give a great representation of this neighborhood. We don’t expect to see it on the list next quarter.

Most Expensive + Most Affordable Denver Neighborhoods | Q2 2017 | Love Your Hood®

Map of Median Sale Prices by Denver Neighborhood (Q2 2017)

The map below sorts neighborhoods based on their median sale price for the second quarter of 2017. It’s a great tool to use when determining neighborhoods to focus on for your home search. Clicking on an individual neighborhood will show you the median sale price for that particular neighborhood.

View map in larger screen here.


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The Top Ten Denver Neighborhoods of 2016 – Second Quarter Update

Second quarter 2016 was an eventful one for Denver real estate. The Brexit gave us lower-than-ever mortgage rates and as the second quarter ended, we saw more home inventory than we have had all year. As a result, price reductions increased and it seems like buyers may have more choices and power. But not only did June give us more active and new listings, it also set the record for days on market, average and median sold price, number of homes that sold, and sold volume.

We could be on our way to a much needed market correction.

The 10 Most Expensive Denver Neighborhoods

Sun Valley, Denver, Colorado

When compiling the 10 most expensive Denver Neighborhoods, we found it valuable to include a list based on the greatest price per square foot and another based on highest median sales price. When you think Hilltop neighborhood you think of large houses and expansive lots. While this neighborhood boasted the highest median sale prices in the city, it doesn’t have the highest prices per square foot. Instead, if you want to know the most expensive prices per square foot of real estate, check out the second list. Here you’ll find properties in more densely populated neighborhoods.  While the properties may not be as large, each square foot of them is more pricey.

Based on 2nd Quarter 2016 Median Sale Prices

It’s no surprise to see the top eight neighborhoods on the most expensive neighborhoods based on median sales price list! Now we know what everyone is talking about when they say Denver is expensive! What IS a surprise is to see Sun Valley on this list. With one purchase in April (and the whole year), it made its debut but you probably won’t see it on this list again.

THE 10 MOST EXPENSIVE DENVER NEIGHBORHOODS

(Based on Median Sale Price)

Rank Neighborhood

Median Sale Price
(2016 Q2)

Price per Sq. Ft.
(2016 Q2)

1

Country Club

$1,224,348

$381

2

Hilltop

$948,013

$307

3

Cherry Creek

$823,548

$359

4

Washington Park

$795,867

$346

5

Belcaro

$741,551

$327

6

University Park

$716,278

$290

7

Cory – Merrill

$702,328

$267

8

Wellshire

$669,917

$257

9

Washington Park West

$592,622

$307

10

Sun Valley

$589,945

$307

Denver County

$375,848

$257

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