According to WalletInvestor, the Denver real housing market is expected to continue holding strong in the coming year, with home values raising on average about 5.25% annually. This means a cash flow positive environment for real estate investing and those looking to maximize their returns. This, coupled with the fact that the Mile High City is the 12th-fastest growing U.S. metropolis makes for a promising 2024 real estate market. With a percentage growth rate of 14.64% in the last year, real estate investors can predict a relatively sure bet when it comes time to procure an investment property, particularly single-family homes, and short-term rentals.

Best Neighborhoods in the Denver Housing Market for Rental Investors:

West Barnum
West Barnum, a hidden jewel within Denver, entices investors with its prime location and affordability. Its proximity to downtown Denver grants residents easy access to urban amenities while maintaining a quieter atmosphere, marking it as a typical southwest Denver neighborhood. However, investors should be cautious of potential infrastructural improvements that might influence property values positively or negatively. Overall, this Mile High City neighborhood offers urban convenience and suburban tranquility for those seeking a balanced investment opportunity.

RiNo (River North Art District)
RiNo’s eclectic charm and cultural vibrancy create an appealing environment for rental investors and young professionals. Its flourishing art scene, abundant entertainment options, and trendy eateries attract a diverse tenant demographic. Yet, investors should be mindful of potential higher property prices due to the district’s popularity. RiNo’s investment potential thrives on its unique blend of creativity and commerce, ensuring a steady demand for rental properties.

Chaffee Park
Chaffee Park emerges as a promising investment destination due to its growing popularity and access to amenities. This up-and-coming neighborhood offers investors the opportunity to enter a market with potential for appreciation. Yet, investors should remain attentive to ongoing development projects that might impact property values. Chaffee Park’s ascent in the real estate realm presents an exciting prospect for those looking to capitalize on a neighborhood’s transformation.

If you’re looking for a second home or investment property and are interested in checking out any of these neighborhoods give Metrowest a shout today – we’d love to show you around.