Ah, Denver. The capital of the ever so captivating Colorado. Although it's population is rapidly approaching one million, according to the United States Census Bureau, it remains one of the more hidden gems of the United States.
Denver: The Hottest Place to Invest in Real Estate
Denver, "The Mile High City," is rich in culture and diversity. The city is encapsulated by year-round snow capped mountains that decorate the horizon as far as the eye can see. There is a ton to do in and outside of the city, from amusement parks, to dining, to railroads, and hiking trails.
In addition to the activities and beauty all throughout the city, it is also the hottest place to invest in real estate right now.
A lot of Bang for Your Buck
For just under $400,000, you can get your hands on a 4 bedroom, 2 bathroom, property of roughly 2,000 sq ft in Denver, CO - which is quite impressive for a residency in the city.
In addition to getting a lot of bang for your buck, property values have been on the rise in Denver. In the last decade, the median sale price of a home has more than doubled, according to Trulia. In Jan 2009, the medial sale price was $190,000. As of Jan 2019, the median sale price was $385,000.
A Thriving Economy
The economy is absolutely thriving in Denver. After all, Forbes wouldn't rate it the fourth best place for work and careers without a good reason. The tech industry dominates the city, particularly in the fields of aerospace and telecommunications. The state is also pushing for a $15 minimum wage, $8 higher than the federal minimum wage, according to the Denver Department of Finance.
The Denver Department of Finance also reports the state collected over $2 billion in taxes in 2017. In 2018, the state collected $68 million in tax revenue alone from the sales of medicinal and recreational marijuana, according to the Colorado Department of Revenue.
Work and Life in Denver, CO
One of the many benefits of living in such a diverse city that's right in the heart of a mountain range is the balance between work and life outside of your career.
Having a house in Denver allows you to easily commute to work in the city every day, with plenty of restaurants, cafes, and breweries to unwind at after work. Being surrounded by all of the nature and hiking trails also encourages you to step away from your desk to enjoy a little fresh air.
A Roaring Music Scene
There are also a variety of well-known bands and musicians who have their roots in the city of Denver, such as The Fray, The Lumineers, John Denver, as well as Earth, Wind, & Fire, according to the Visit Denver website.
Skiing in Denver, CO
Naturally, skiing is a major part of Denver's culture. How could you not take advantage of the mountain range that borders the city by breaking out your skis?
In the winter, there are tons of nearby ski slopes you can enjoy, such as Keystone Resorts, Loveland Ski Area, Vail Resorts, and Winter Park Resort. If skiing's not your cup of tea, that's not a problem! These resorts offer other ways to enjoy the winter wonderland, such as snowboarding.
Denver is a city of culture and history, all wrapped up in a breathtaking atmosphere. The city offers a perfect balance between work and life with a thriving economy and properties that only continue to climb in value. Hands down, Denver is the hottest place to invest in real estate in 2019.Tags: investment, properties, BrickOp, opportunity