I recently saw an article in the Denver Post that 80218 in Denver is one of the top 25 zip codes in the country for fix and flips. So what does this mean?
“RealtyTrac on Thursday released a report called the “Top 25 Hipster Zips for Returns on Rental Properties” — places in the U.S. where investors interested in the rental market should place their bets.
One Denver ZIP code — 80218 — made the list.
RealtyTrac said it analyzed ZIP-code data to identify established and emergent hyperlocal hipster markets “where investors can realize solid returns on rental properties while also enjoying low vacancy rates that ensure they won’t have much downtime between renters.”
“While the precise definition of hipsters is elusive — which is likely just how they want it — there’s no doubt the culture surrounding the hipster lifestyle has a major impact on local real estate markets, and mostly in a positive way,” said the report.
The report added that thanks to an influx of trendy restaurants, bars, coffee shops and other amenities, a neighborhood branded as “hipster” is likely to see property values and rental rates rise while vacancies and foreclosures decline.”: Read Full Article
Unfortunately now that this area has made national news, prices have continued to rise pricing out most investors. In my opinion there are still some good values in Denver both for long term rentals and for short term investment properties (fix and flips). Happy investing