Denver is growing and quickly. One of the fastest growing metro markets in the country, the new Denver resident is young, educated, and employed. The entire Denver metro market has seen a boom from downtown Denver, to the surrounding suburbs, all the way north to surging oil and gas towns. While the population is booming, housing hasn’t kept up on inventory, making Denver one of the most competitive real estate markets in the country.
There’s hardly a Denver neighborhood that hasn’t been revitalized or seen a population increase over the last two decades. Neighborhoods that were once industrial like River North (RiNo) or hardly existed at all like Lowry are now open for business. The fastest growing central Denver neighborhoods include:
- Central Platte Valley – 58% (pop. Growth)
- Ballpark – 52%
- Central Business District – 39%
- RiNo – 38%
- Golden Triangle – 31%
Most Popular Denver Suburbs
This article concentrates on the City of Denver but the seven-county Denver-statistical area has grown with the city. Nearly every Denver-area suburb has seen drastic population increases but realtors need to keep their eye on the most populous and fastest growing neighborhoods.
Denver Suburbs Over 100,000 residents
Fastest Growing Denver Suburbs
- Frederick, CO (47.8% (pop growth since 2010)
- Firestone (38.5%)
- Erie (36.5%)
- Lone Tree (35.8%)
- Lochbuie (31.8%)
Denver’s Most Affordable Neighborhoods
If you’re trying to avoid the worst of the hyper-competitive Denver real estate market look at the Mile-High City’s most affordable neighborhoods:
- Indian Creek – Median Home Price: $282,729
- Montbello – $285,448
- Mar Lee: $291,033
- Ruby Hill: $308,958
Denver’s housing affordability issues are no secret. With low inventory, a growing population, and few new construction projects, affording a standard home in Denver and its surrounding neighborhoods is tough, but new reports suggest the Denver real estate market might be leveling out. May 2019 saw more homes for sale in Denver than any month since 2013 and forecasts from the Home Buying institute show smaller price gains through 2020. Despite the forecasts Denver is currently a hot seller’s market.