DENVER — The average Denver County home has yielded significantly higher returns on investment over the past decade when compared to the rest of the country, a new Business Journals analysis has found.
Our study tracked home values from the depths of the recession in August 2009 through August of this year, and applied a hypothetical scenario in which homebuyers entered the market with 10% downpayment. Under that scenario, the median return for thousands of ZIP codes across the U.S. equated to about 214% for buyers, with some 12,885 of those locations appreciating in value, with a median price change of 31%.
Homes in Denver County blew those numbers out of the water. Neighborhoods in the county with the best 10-year return on investment saw an ROI of 1,653%. The neighborhood with the lowest return out of 26 ZIP codes in the county still saw an ROI of 385%.
Denver’s top-performing ZIP code was 80239 — the Montbello neighborhood, which is adjacent to the Rocky Mountain Arsenal National Wildlife Refuge and just east of Stapleton.
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