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Denver, dubbed the Mile High City, is the largest city and capital of the state of Colorado. It is located in the South Platte River Valley, east of the Front Range of the Rocky Mountains. With a population of over 716,500 people, Denver is the 19th most populous city in the U.S. Denver is part of the Denver-Aurora-Lakewood Metropolitan Statistical Area, the country’s 19th largest, with over 2.9 million residents. 

The city is expected to experience population growth that is well above the national average thanks to a strong net migration. This, along with the fact that a large percentage of the population is between the ages of 25 and 44, help boost the economic activity in Denver. And with more than half (51% according to NeighborhoodScout) of the city’s residents living in rental properties rather than owning their own homes, investing in a Denver rental property is a great option. 

The Mile High City is the financial, commercial, and transportation capital of the Rocky Mountains region. It ranked  #4 on Forbes’ list of “Best Places for Business and Careers” last year. Due to its relatively central geographic position within the U.S., Denver has become a hub for storage and distribution of goods and services to the American West, as well as some large cities of the Midwest. Its location just east of the mineral-rich Rocky Mountains has also drawn mining and energy companies to the area, making the energy industry a major contributor to the economy. The Newmont Mining Corporation, the 2nd largest gold producer in North America and one of the largest in the world, has its headquarters in Denver.  Denver’s geographic location also benefits the telecommunications industry; it is located within the Mountain Time Zone, which allows communication with other continents on the same business day.

The U.S. government has a strong presence in the city and is in fact the largest employer in the Denver metro area. Many federal agencies and companies related to U.S. aerospace and defense are based in Denver, attracting a particularly young workforce seeking employment in the city. Denver is home to other large corporations employing workers in a range of fields such as technology, manufacturing, air transportation, construction, finance, education, retail, healthcare, food service, and brewing. The multiple economic sectors and the strong economic growth make the city a good location for those considering to invest in the Denver real estate market, especially when it comes to long-term rental properties.  


The Denver housing market was named the 8th most important U.S. Market to Watch by PWC in its annual Emerging Trends in Real Estate: United States and Canada 2019 report. According to the report, real estate investment and development activity is robust in nearly all property types in the Denver market. 

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Denver  Real Estate Investment Performance
Facts and Market Trends in Denver
Homes For Sale96
Airbnb Properties1,564
Rental Properties1,577
Traditional Vacancy rate5.00%
Airbnb Occupancy Rate68.28%
Mashmeter64.10%
Median Price$425,000
Median Rent Price$1,989
Price/sqft$355
Median Days on Market56
Price to Rent Ratio21.5
Average Cap Rate
Airbnb3.06%
Traditional2.41%
Average Rental Income
Airbnb$2,363
Traditional$1,758
 
Median Household Income$76,643
Population619,968
Transportation in Denver
61 / 100
Somewhat Walkable
47 / 100
Some Transit
71 / 100
Very Bikeable
Denver  Rent Prices
RENTAL STRATEGY STUDIOS 1 ROOM 2 ROOMS 3 ROOMS 4 ROOMS
Airbnb$1,579$1,704$2,099$3,565$5,548
Traditional$1,197$1,269$1,689$2,260$2,565
Denver, CO - Homes for Sale - Newly Listed
$895,000
MLS 3284905
2301 S Sherman Street
Denver, CO 80210
Rosedale
Single Family Residential
4 beds4 baths2,461 sq.ft.
CAP RATE
Trad. 1.20%Airbnb 5.27%
$275,000
MLS 2984835
1180 S Monaco Parkway #9
Denver, CO 80224
Washington Virginia Vale
Condo/Coop
2 beds2 baths1,045 sq.ft.
CAP RATE
Trad. 2.28%Airbnb 2.14%
$425,000
MLS 7787034
1777 Larimer Street #1605
Denver, CO 80202
Union Station
Condo/Coop
2 beds1 baths977 sq.ft.
CAP RATE
Trad. 3.64%Airbnb 2.28%
$405,000
MLS 5420461
5024 Andes Street
Denver, CO 80249
Gateway - Green Valley Ranch
Single Family Residential
3 beds3 baths1,935 sq.ft.
CAP RATE
Trad. 2.53%Airbnb 5.92%
Top Performing Denver Properties
$640,000
MLS 937372
1520 Jackson St
Denver, CO 80206
City Park
Single Family Residential
3 beds2 baths1,672 sq.ft.
CAP RATE
Trad. 2.39%Airbnb 7.73%
$402,000
MLS
2220 W. 56TH PLACE
Denver, CO 80221
Speer
Single Family Residential
3 beds1 baths1,520 sq.ft.
CAP RATE
Trad. 4.67%Airbnb 6.65%
$748,000
MLS 934131
4120 S Roslyn St
Denver, CO 80237
Hampden South
Single Family Residential
4 beds3 baths2,870 sq.ft.
CAP RATE
Trad. 3.00%Airbnb 6.63%
$194,500
MLS 8309560
5995 W Hampden Avenue #C9
Denver, CO 80227
Bear Valley
Condo/Coop
2 beds1 baths833 sq.ft.
CAP RATE
Trad. 1.89%Airbnb 6.50%
Recently Sold Homes in Denver, CO
$910,000
MLS 3985890
476-480 N Washington Street
Denver, CO 80203
Speer
Multi Family
4 beds0 baths2,766 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$690,000
MLS 5324284
2607 S Williams Street #2609
Denver, CO 80210
University
Multi Family
5 beds0 baths2,000 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$828,800
MLS 7764280
1554 Newton Street
Denver, CO 80204
West Colfax
Multi Family
4 beds3 baths2,406 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$535,000
MLS 937135
550 N Lafayette St
Denver, CO 80218
Country Club
Multi Family
2 beds1 baths1,388 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Property Value Changes and Real Estate Appreciation in the Denver Housing Market

The Denver real estate market has witnessed a strong real estate appreciation in recent years. Since Q1 of 2000, Denver properties have experienced a total appreciation of 122.59% according to NeighborhoodScout, which is an average annual home appreciation rate of 4.24%.

Zillow reports that Denver property values have gone up 2% over the past year but are predicted to fall 0.1% within the next year. Denver housing prices are starting to cool down due to a growing supply of residential listings on the market. 

The Denver housing market is currently a buyer’s market. The last couple of months saw more homes up for sale in the Denver area than any other month in the past five years, which is good news for prospective investors who now have more options to choose from when buying an investment property.

Denver, CO Top Multi Family Homes
$885,000
MLS 4456753
259 Harrison Street
Denver, CO 80206
Cherry Creek
Multi Family
3 beds4 baths3,245 sq.ft.
CAP RATE
Trad. 2.58%Airbnb N/A
Homes Below Median Price in the Denver, CO Real Estate Market
$640,000
MLS 937372
1520 Jackson St
Denver, CO 80206
City Park
Single Family Residential
3 beds2 baths1,672 sq.ft.
CAP RATE
Trad. 2.39%Airbnb 7.73%
$402,000
MLS
2220 W. 56TH PLACE
Denver, CO 80221
Speer
Single Family Residential
3 beds1 baths1,520 sq.ft.
CAP RATE
Trad. 4.67%Airbnb 6.65%
$748,000
MLS 934131
4120 S Roslyn St
Denver, CO 80237
Hampden South
Single Family Residential
4 beds3 baths2,870 sq.ft.
CAP RATE
Trad. 3.00%Airbnb 6.63%
$194,500
MLS 8309560
5995 W Hampden Avenue #C9
Denver, CO 80227
Bear Valley
Condo/Coop
2 beds1 baths833 sq.ft.
CAP RATE
Trad. 1.89%Airbnb 6.50%
Denver Airbnb Growth and Regulations

The Denver Airbnb business has experienced major growth in recent years. In 2018, nearly 477,100 Airbnb guests stayed at Denver short-term rentals, bringing a total revenue of $74.6 million to the local Airbnb hosts. This represents about 25% of Colorado’s total Airbnb income. 

Denver, however, has strict regulations governing short-term rentals. The use of a non-owner occupied Airbnb investment property is illegal. Only the host’s primary residence can be used as a short-term rental, i.e. the owner of the property must be on site during the guests’ stay.

All homeowners planning on renting their primary residence to guests for a period of less than 30 consecutive days must obtain a Short-Term Rental business licence that will need to be renewed annually for a fee of $25. But first, a Lodger’s Tax ID must be obtained in order to be eligible for the business licence; it costs $50 and must be renewed every two years at that same fee.  

There are also a number of other Airbnb regulations set in place by the city of Denver, including many operational requirements. Hosts must hold a minimum of $1 million worth of liability insurance for the property and notify both their insurer and homeowner associations that they are using their home as a short-term rental; the Airbnb platform, however, provides insurance for its operators, offering at least $1 million worth of coverage. It is important for Airbnb Denver investors to know that it is the city’s right to revoke, sanction or deny a Short-Term Rental licence or application if its requirements are not maintained, or if a rental property negatively affects the public health, safety or welfare of a neighborhood.

Denver, CO Top Airbnb Homes
$114 per night
$111 per night
$98 per night
$78 per night
Denver, CO Homes for Rent
$1,395
MLS 6761121
$2,850
MLS 3428698
$1,800
MLS 9246050
3855 S Monaco Parkway #175
Denver, CO
Southmoor Park
Single Family
2 beds3 baths1,316 sq.ft.
$2,500
MLS 7844648
1127 Auraria Parkway #602
Denver, CO
Auraria
Other
2 beds2 baths1,659 sq.ft.
Denver, CO Open Houses
Open 10 AM to 5 PM
$499,000
MLS 5492170
4354 Umatilla Street
Denver, CO 80211
Sunnyside
Single Family Residential
2 beds2 baths0 sq.ft.
CAP RATE
Trad. 1.88%Airbnb 0.52%
Best Denver Neighborhoods for Buying Investment Property
85%
Mashmeter
property price
$470,450
Median
cap rate
7.45%
Traditional
10.87%
Airbnb
rental income
$2,919
Traditional
$4,261
Airbnb
homes for sale
2
occupancy rate
77%
Airbnb
50%
Mashmeter
property price
$579,000
Median
cap rate
4.26%
Traditional
6.25%
Airbnb
rental income
$2,053
Traditional
$3,016
Airbnb
homes for sale
0
occupancy rate
60%
Airbnb
84%
Mashmeter
property price
$689,000
Median
cap rate
5.27%
Traditional
7.57%
Airbnb
rental income
$3,028
Traditional
$4,348
Airbnb
homes for sale
5
occupancy rate
76%
Airbnb
83%
Mashmeter
property price
$339,000
Median
cap rate
7.13%
Traditional
12.51%
Airbnb
rental income
$2,014
Traditional
$3,533
Airbnb
homes for sale
0
occupancy rate
80%
Airbnb
54%
Mashmeter
property price
$774,000
Median
cap rate
3.54%
Traditional
6.45%
Airbnb
rental income
$2,282
Traditional
$4,162
Airbnb
homes for sale
0
occupancy rate
76%
Airbnb