Capitol Hill is consistently one of the most popular neighborhoods in the Denver metro area; however, during the pandemic, interest in this vibrant area seemed to diminish as many of the close and popular spots in the area shut down. It was as if people weren’t moving to the Capitol Hill area if they couldn’t have the Capitol Hill experience.

In all of 2020, buyers bought 10 homes and 255 attached homes in the neighborhood. It’s a striking difference from 2021 where through October, 23 houses and 398 attached homes have been purchased, and we still have the rest of November and December to go.

As the area becomes more active, the more people are becoming interested once again. Though there was a slowdown in 2020, Capitol Hill’s charming vibe and unique architecture will always appeal to buyers. It’s certainly not a cookie-cutter neighborhood, and while there are single family homes in Capitol Hill, there are also condo buildings that are two- to five-stories that have unique features building to building.

Capitol Hill appeals to young professionals who want to live in a walkable neighborhood near downtown. Many are first-time buyers who choose condos or townhomes because they can’t afford to buy a house in other Denver neighborhoods. These buyers often choose to keep their Capitol Hill condos and turn them into rental properties when they move on to a bigger home. While the neighborhood primarily appeals to people who want to live near downtown, it also offers convenient access to Cheesman and Congress parks, Lower Downtown, and Cherry Creek.

Although Capitol Hill has some houses available, the majority of sales involve condos. Those condo prices range from small, one-bedroom, 700-square-foot units in the high $200,000s to the low $300,000s to larger, remodeled, and upgraded condos for $600,000 to $700,000.

The average condo price is $365,000, but some units sell for as much as $2.3 million. That compares to the average price of $962,000 for a single-family home in the neighborhood. Houses in the area typically are bigger, older houses with about 2,600-square-feet of space.

Capitol Hill is an active and busy area that appeals to a younger demographic. If you’re interested in exploring and learning more, give Metrowest a shout today – we’d love to show you around!