Nicknamed the "Mile High City" because of its location exactly one mile above sea level, Denver is the capital of Colorado and the state's most populated city.
A center for transportation, international trade, and energy research, among other industries, Denver continues to attract a diverse range of inhabitants. It has a substantial Hispanic population, a thriving African American community, and considers itself to be the "true gay and lesbian center of the West," according to city's official web site.
Nestled at the foot of the Rocky Mountains, Denver originated as a mining town, settled during the Gold Rush of the 1850s. With its surprisingly mild winters and 300 days of sunshine per year, the city's population quickly increased, and continues to grow at a steady rate.
Property Investment in Denver
With Denver's current population of 2.8 million expected to expand to approximately 3.8 million over the next 20 years, it's an ideal place to invest in rental property. This is especially true given Denver's high recent foreclosure rate, which has resulted in a flood of investment properties coming onto the market just as a growing number of displaced former homeowners are looking for homes to rent.
Combined with the continuous influx of new residents competing for available rental home, these trends have led to increased competition for Denver rentals, lower vacancy rates, and rising rent prices. Meanwhile, savvy investors are turning to Denver property management companies to help them manage the daily details of running their income properties while they focus on acquiring more properties and expanding their businesses.
Denver Rental Market at a Glance
Percentage of renters
Rental vacancy rate
Median house price
Finding Denver Property Management Companies
AllPropertyManagement.com makes it easy to find the right Denver property management. Just type your zip code into our search widget to find companies in your area, then compare their services and request free quotes.