80229, Denver, CO

The 80229 zip code of Denver, CO is one of the most popular and expensive zip codes in the city. Home prices in this area have increased dramatically over the past few years, reaching heights not seen since before the housing market crash. In fact, according to Zillow, as of February 2019, the median home value in this zip code was $1,085,000. This is a whopping increase from just four years ago when Zillow reported that the median home value in this area was only $480,000.

One reason for this dramatic increase in home values is undoubtedly due to strong demand from buyers and investors alike. The population of 80229 has grown rapidly over the past few years and there are now plenty of people looking to purchase or invest in homes here. Additionally, many homeowners who live in this zip code have decided to sell their homes at a high price point because they believe that there is still significant potential for further appreciation.

However, despite these positive factors contributing to increased home values in 80229 over recent years, there are also some risks associated with buying or investing in a home here. For example, if interest rates rise significantly (which they could do at any time), then homeowners who have taken out high-interest mortgages may find themselves struggling to make their payments on their homes. Additionally, if there is a major economic downturn (which again could happen at any time), then prices could plummet and many homeowners who bought into the market at high prices may find themselves losing money on their investments.

Overall though it seems safe to say that despite some risks involved with buying or investing in homes within the 80229 zip code of Denver – especially during times of economic uncertainty – overall demand remains very strong and prices continue to rise rapidly