Neighborhoods and Communities
Denver is the largest city in Colorado and the 21st largest metropolitan area in the United States. In 2011, population estimates put the Denver metro population at approximately 2.6 million people. By 2035, the population of the Denver metro is expected to increase to almost 4 million people. While the recent recession forced some to move away from the downtown area, the Denver housing and job markets indicate that the city’s economy is on the rise and more people are moving back into downtown areas.

Denver offers a vast selection of both multifamily and single-family residential homes. As of January 2013, the average rent in the Denver metro was $1,116. The average rent for housing units with above-grade living spaces was 83 cents per square foot as of 2011. The average residence vacancy is 7.7 percent. According to the National Association of REALTORS® (NAR), homebuyers paid a median price of $235,000 for a house in the Denver-Aurora MSA in the first quarter of 2013, an increase of 23.7 percent compared to the average in 2012. The median household income in the Denver metro was $59,230 in 2012.

COMMUNITY COMPOSITION
The average household size in Denver is 2.41 people. The percentage of family households is 64.2 percent, while married-couple families occupy only 50.1 percent of these households. The median age is 35.9 for the Denver metro area. The Denver metro population is one of the most highly educated groups in the United States, with 36.3 percent of residents holding a bachelors degree or higher.

As of 2011, the Denver metro comprised 83.9 percent whites. African Americans comprised 3.9 percent. American Indians comprised 1 percent. Asian Americans comprised 2.7 percent. Pacific Islander Americans comprised 0.1 percent of the city’s population while individuals from two or more races comprised 3.2 percent. Hispanic and Latino residents made up 20.4 percent of the population.

HOME-FINDING RESOURCES
Once you have decided to purchase a home or rent a property in Denver, there are many resources available to assist in the process. The Denver Board of REALTORS® (DBR) (www.denverrealtors.org) services 3,700 members throughout the Denver Metro area. Originally established as the Denver Real Estate Exchange, DBR helped build and establish many of the older parks in the Denver metro area. The organization changed its name to DBR in 1927. It is one of more than 1,600 local boards as well as 54 state and territory associations of REALTORS® nationwide that forms the NAR. The DBR website offers a free REALTOR® search and can connect you with any one of its REALTOR® members. For more information contact the DBR office.

If you are in the market for a new home, a good resource is the Home Builders Association of Metro Denver (HBAMD) (www.hbadenver.com). HBAMD’s a trade association representing more than 2,000 members involved in homebuilding, remodeling, design, housing finance, building product manufacturing and other segments of residential construction. Of particular interest is the HBAMD’s Member Directory. The Member Directory allows homeowners and potential homebuilders to look for qualified candidates and contact them.

Picking the right community to live in is important. It can affect your commute, your child’s education and even your taxes. Following is a guide to some of the best neighborhoods and communities Denver and the surrounding metro area has to offer.

DENVER
While the majority of the Denver metro population doesn’t live in the actual city of Denver, the county has 77 official neighborhoods. Expect to live in a condominium or apartment the closer you live to Downtown Denver, though many renovated lofts and historic homes are also available.

Lower Downtown Denver
Lower Downtown Denver, or LoDo as Denverites call it, contains much of the original city of Denver. This 23-block area of redbrick buildings is a mixed-use historic district full of shops, restaurants and condos. Many in Denver travel to LoDo neighborhood for the social scene, which includes more than 100 restaurants, 30 art galleries and many shopping opportunities. The Lower Downtown Neighborhood Association represents residents of the LoDo area, which is bounded by Cherry Creek, 20th Street, Lawrence Street and the South Platte River. Home prices in LoDo are at an average of $692,069, with listings as low as $12,500 but as high as $2.8 million.

Downtown Denver
The Central Business District of Denver doesn’t just contain businesses. Approximately 3,500 people also call the heart of Denver home. High-rise apartments, lofts and condominiums are the norm here and residents are within walking distance of some of several of the best shopping and entertainment districts in the city.

Uptown
East of Downtown Denver on 17th Avenue is the Uptown neighborhood. Uptown is a trendy and diverse community featuring restaurants and businesses next to mansions and lofts. Denver’s hospital complex is also located in this neighborhood. Housing styles range from apartment complexes to bungalows and Victorian-era homes, starting in the high $200,000s and ranging up to $1.15 million.

Capitol Hill/Speer Market
One of the first “suburbs” of Denver in the 1880s, the Capitol Hill/Speer Market neighborhood to the east of Downtown Denver is now one of the most popular and most eclectic. Historic Victorian, Greek and Tudor mansions are common. Some inhabited and others turned into bed and breakfasts and offices. Housing options include lofts, historic mansions, high-rise apartments and single-family homes.

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