Did you know that real estate is one of the most profitable, popular, and stable investments one can make?
The benefits of investing include anything from a high-profit return to protection from inflation and the ability to generate wealth.
Of course, if you've landed here today, you already know this—and you're ready to commit to real estate investing in Denver or add to your current portfolio. We're here to showcase all the advantages of Denver real estate so you can rest assured you're making the right decision for your future—and your wallet.
The Denver Metro Area Population Is Rising
Denver's population is in the top twenty of US cities.
In the last four years, the population has seen nothing but growth. Let's take a look at the numbers:
- There was a 1.33% population increase from 2019 to 2020, totaling 2,827,000 residents
- There was a 1.24% increase from 2020 to 2021, totaling 2,862,000
- There was a 1.22% increase from 2021 to 2022, totaling 2,897,000
Finally, there was a 1.17% increase from 2022 to 2023, totaling a metro population of 2,931,000 today.
If you're looking for a city with promise, these numbers prove that Denver is a place where people want to be.
The Denver Housing Market Is One of CO's Most Active
The state capital is home to many employers thanks to its large size. Employment is one of the many reasons why people have been flocking to the city, as evidenced by the numbers highlighted above.
Thanks to its reasonable cost of living and remote work opportunities, the housing market in Denver is incredibly active—one of Colorado's best. That means that even as Denver reaches its inflection point, home buyers will continue to gravitate toward the Mile High City, which remains "normal" and "balanced" even in a post-pandemic world.
January 2022 numbers showed that properties spent an average of 18 days on the market, while November 2022 saw numbers more like thirty-four. Still, this number remains much better than the national average of 67 days.
Denver Has a Thriving Economy
Denver's diverse, fantastic economy is another reason to consider Denver real estate.
Denver's job market has increased by 2.8% over the last year. Over the next ten years, job growth is expected to grow by 45.0%. That's higher than the US average of 33.5%.
Additionally, Denver residents make an average of $34,423 a year compared to the national average of $28,555 a year.
Popular job opportunities range from education and healthcare to technical services and retail trade.
Don't Wait to Invest in Denver Real Estate
These are a few of the many reasons to consider real estate investing in Denver, Colorado. From its thriving job scene to its diverse economy and growing population, it's a solid bet.
If you're looking for Denver properties, we can help. We're a full-service property management company in the Denver metro area. We can help you find Denver real estate to invest in and make managing it easy.
Click here for some fantastic advice on buying an investment property and contact us at 303-692-9200 when you're ready.
