The word “affordable” isn’t often associated with housing in the Denver metro area; however, there are less expensive options available if you know where to look and are willing to put in a little work. Homes go on and off the market here very quickly, so it’s important before you even start looking to have your finances in order and your mortgage preapproval ready. Once that’s done, see what’s available in the neighborhoods below!

1.     Sun Valley
This neighborhood is undergoing a transformation and available homes can be sparse. Most of the recent real estate transactions represent homes purchased for the land and as a result, slant the average list price of homes. The majority of the 1,500 residents in Sun Valley live in public housing but soon the neighborhood will see a $240 million investment that will result in dramatic improvements and development of the area. From townhomes to apartment complexes, there will be a mix of homes spanning all income levels.

2.     Globeville
The stock in this area is rising quickly. Once a forgotten community in the shadows of I-25 and I-70, the neighborhood is now on the map. Adjacent to RiNo, the World Trade Center Campus, the Rock Drill development, I-70 tunnel construction, and the National Western, it’s obvious Globeville is transforming. The next few years will be filled with construction and orange cones but if you can wait it out, the appreciation will be worth it.

3.     Barnum
Just a stone’s throw from downtown Denver, this neighborhood allows homeowners to have an easy commute to work and quick access to the mountains via 6th Avenue. This area is also just minutes away from the popular Belmar Shopping Center in Lakewood. With the development of Sloan's Lake and the River Mile project, Barnum is going to continue increasing in value.

Denver’s real estate market isn’t showing any signs of cooling down, so if becoming a homeowner in 2021 is your list of goals, you may need to check out areas not originally on your radar. Give Metrowest a shout today – we’d love to expand and explore your options!