You Might Be Surprised… Colorado Real Estate Agents Predict the Next Hot Neighborhood
The title for “hottest” neighborhood in Denver metro area seems to change on an annual basis. The LoHi (Lower Highland) neighborhood could not get any hotter a few years back. Then, the title shifted to the RiNo (River North) neighborhood, just north of downtown Denver.
So, which neighborhood in the Denver metro area is next? We asked our 18,000 local brokers and REALTORS® in Colorado to give us their best guess, and here’s what we learned:
(Bounded by the South Platte River on the east and south, Inca Street on the west, and 52nd Avenue on the north)
“I think it is just north of RiNo in Globeville and Swansea since it is still very close to downtown and will be heavily impacted by the light rail and upcoming I-70 project.”
(Bounded by 6th Avenue on the north, Federal on the east, Alameda to the south, and Perry Street to the west)
“All the buzz these days is Barnum. It has great views and still close to all the action. There is limited inventory and prices in this area have seen huge increases. I believe between 2013 and 2015 the Barnum area saw 40% plus increase in property value. The article quoting this was the Denver Business Journal.”
(Defined by the intersection of 26th Avenue, 27th Street, Washington Street, and Welton Street)
“Five Points, because the accessibility to hundreds of cool spots and the fact that the investors are coming in (as we speak!), point to an explosion there.”
Follow the rail
“Anywhere near future light rail or commuter rail – especially if it’s being up-zoned and/or the city is putting its own money in for improvements – will be the next hot market. Over the years, both as a land use planner and real estate professional, I’ve seen how zoning affects property values (both up and down) – that can be a good indicator of when and where to buy.”
“Definitely Sloan’s Lake on West Colfax. There will be plenty of new restaurants and development and a walk-able neighborhood near the lake.”
Thank you to all our brokers that responded with their best guesses on Denver’s next “it” neighborhood. If you like what you read, check back often and Like us on Facebook, so you can always stay ahead of curve with expert, timely insights to help you buy or sell your home.