If you’re an investor and wondering whether or not you’ve missed the boat on if you should invest in Denver Metro Area Real Estate, take a look at what Ingo Winzer, Real Estate guru, has to say. In his article, he discusses Utah and Colorado together as they are similar markets. He includes some very useful metrics and insight.
With Denver’s ever-growing population, the metro area is spreading south to Castle Rock and Colorado Springs and north to Boulder, Fort Collins and Greeley. Winzer predicts that Greeley is the best place to invest. Further, he suggests that apartment complexes and single-family homes that can be split up into more than one unit for rental are the way to go. According to him, rent is a more stable market than the home prices that could crash at any moment.
Even though the job growth rate has slowed down a bit for Denver Metro Area, it’s still quite strong in Greeley at 4%. Coupled with the average home price just under $300K, which is still significantly under Denver, Boulder, and Fort Collins, Greeley appears to have the most opportunity.
You can read Ingo Winzer’s full article here