Denver: Colorado’s Most Livable City, According to Real Estate Experts
Home to world-class ski resorts, stunning Rocky Mountain parks, and forests, Colorado is a popular choice for vacationers and second home seekers. However, among various attractive options lies Denver – Colorado’s primary hub, notorious for being one of the most laid-back state capitals in the nation.
The city is known for its plethora of year-round outdoor activities, flourishing job market, vibrant culture, and an impressive dining scene. Moreover, despite having a higher than average cost of living, Colorado compensates with perks like one of the country’s lowest residential property taxes – at an average rate of 0.49%. In addition, the per capita personal income in 2021 was slightly above average, standing at $70,706 compared to the country’s average of $64,100.
Denver, being Colorado’s largest city, provides its residents access to one of the state’s most affordable real estate markets. In the month of September, the median listing price stood at $645,000, compared to Colorado Springs, which was cheaper but also hectic. These economical listings, combined with excellent job prospects, a vibrant cultural scene, improved healthcare, numerous breweries, and the proximity to numerous winter resorts, pitch the city as a supreme place of residence.
Ryan Retaleato, Redfin’s Denver principal agent, appropriately summarises the city’s best features. “Denver offers a unique blend of outdoor activities, incredible restaurants, breweries, music venues, various job opportunities, and favorable weather – a combination difficult to find elsewhere,” he shared.
Moving towards the suburbs, a community named Highlands Ranch, located on the outskirts of Denver, offers expansive outdoor recreational opportunities. The area is peppered with 26 parks, over 70 miles of hiking and biking trails, and 2,500 acres of untouched land waiting to be explored. The residential area also hosts attractive amenities such as skate parks, golf courses, pickleball courts, a swim-friendly beach at the nearby Chatfield State Park, and multiple fishing ponds. “Despite the high price tag, with a median listing price of $697,000 in September, home shoppers may be able to strike a deal in Highlands Ranch as more than half of the listings here had reduced prices in September,” mentioned Hannah Jones from Realtor.com.
The above was based on real estate data from Redfin and Realtor.com (for September 2022), economic data from the Bureau of Labor Statistics, crime data from NeighborhoodScout, and school ratings from GreatSchools.org, also highlighting the quantity of entertainment and recreational activities in the area. Head to Denver for a relaxed urbanized life amidst the serenity of nature.
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