Denver CO Condos & Apartments For Sale - 953 Listings | Zillow (2024)

FAQs

Is a condo in Denver a good investment? ›

Condos are certainly a great investment, and there are a lot of plus sides to living in one. Many people choose to buy a condo instead of a house because there is generally less maintenance involved, and you can be part of a closer community where you can get to know your neighbors and enjoy all the benefits.

Finding an apartment in Denver, Colorado can be an exciting yet daunting task. With a bustling city full of diverse neighborhoods, amenities, and rental options, it can be challenging to narrow down your search and find the perfect place to call home.

A 10,900-square-foot Denver condo coming to market Thursday for $12.9 million is set to be the Colorado city's most expensive listing, Mansion Global has learned. Located in Denver's coveted Cherry Creek neighborhood, the unit is on the sixth level of the seven-story residential building.

In the metro area, there are 384,257 total rentable units, according to Colorado Apartment Association estimates.

Condos are typically cheaper than single-family homes, but tend to appreciate in value over time similar to detached properties. Condos can be a smart investment for first-time homebuyers, vacation homeowners and rental property investors.

One of the main disadvantages of condo ownership is the obligatory homeowners' association (HOA) fees. These fees are recurring monthly or annual costs contributing to the maintenance and upkeep of common areas, amenities, and the condo building's exterior.

The study says people in the city need an hourly wage of $66.62 and a salary of almost $140,000 to live comfortably. While the comfortable wage across large Colorado cities is over $45 an hour, the Colorado minimum wage is currently $14.42 and in Denver, it's $18.29.

A: The high cost of living, high elevation, dry weather, and crowded natural areas are among the downsides to living in Denver.

DENVER (KDVR) — Coloradans must make $37.47 an hour to afford fair market rent on a modest two-bedroom apartment — some $11.81 more than the average Colorado renter's hourly wage, according to a new report.

Denver Country Club

With a median home price of $2,949,082 and a median rent of $1,378, Denver Country Club is the most expensive neighborhood on our list. Based on the growth in home prices in Denver Country Club over the last 3 years, it ranks No. 1 among all the neighborhoods in Denver.

Which Denver suburb is the best? ›

Greenwood Village and Cherry Hills Village are considered among the most affluent suburbs in Denver. These towns share the excellent Cherry Creek Schools with Centennial, Englewood and southern sections of Aurora. But, all of the these suburbs offer excellent schools, low crime and lots of trails and open space.

Research from Clever shows Denver ranks as the 11th-least affordable metro for homebuyers based on income-to-home-price ratios. Meanwhile, a Zillow analysis shows that listing a home in late May can result in a $17,000 higher sale price compared to other times of the year.

Currently, the overall median rent in the city stands at $1,791, roughly the same as last month. Prices remain down 0.8% year-over-year. Read on to learn more about what's been happening in the Denver rental market and how it compares to trends throughout the broader Denver metro area and the nation as a whole.

What salary do I need to live comfortably in Denver, CO? Because the average rent in Denver is $1,698, you'll want to make about $5,660 per month or $67,920 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent.

The latest homelessness count in the Denver metro area shows over 9,000 people either sleeping on the streets or in shelters. And that doesn't even include the growing number of migrants.

When considering an investment in rental property, yes, Denver, Colorado is an optimal choice. The location, population increases, plus an active housing market in combination with a thriving local economy and increasing home values make it ideal.

Do condos appreciate in value? In general, condos appreciate in value at a slower rate than single-family homes. The median sales price of a condo was up nearly 6% year-over-year in January 2024, according to the National Association of Realtors.

Many experts thought rents would trend down this year, but the supply and demand economics stabilized rents and vacancies in Metro Denver. A recent article in the Denver Gazette states that rents stabilized for the first time in 44 years in Denver over an 18-month period, which is good news for renters.

Pros of buying a condo

If you see yourself staying in the same place for five or more years, buying may make more sense. Plus, buying has advantages over renting: Building equity occurs with every mortgage payment. Deducting your mortgage interest payments from your taxes can pay off.