The story of this market
The typical home in ZIP 80204 sells for about $579,900, or $425 per square foot.
Prices are down 2.4% from a year ago, which gives buyers more room to negotiate. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 80204 — Denver
The 80204 housing market is showing signs of stabilization after a period of rapid price appreciation. While inventory remains tight, buyer demand is tempered by current interest rate levels, leading to a more balanced market compared to previous years. Ongoing urban redevelopment projects continue to support long-term value in the area.
This area is ideal for young professionals, urban commuters, and investors who value proximity to downtown Denver and cultural amenities. It is less suited for families seeking traditional suburban school environments or large single-family lots.
Median prices moved down 2.4% year over year.
Homes spend a median of 38 days on market with 3.2 months of supply — a fast-moving market.
28% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.1% · poverty 15.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 80204, Denver County CO
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in 80204 remain higher than the national average, with property crime being the primary concern in this urban Denver corridor. Local law enforcement continues to focus on community-based initiatives to address public safety in the West Denver area.
Schools serving the 80204 area are part of Denver Public Schools, which generally face challenges with performance metrics compared to suburban districts. Families often seek out specialized magnet or charter options within the district to access higher-rated academic programs.
The area is primarily an urban environment with low wildfire risk, though localized flash flooding can occur during extreme weather events. Property insurance premiums in Denver have seen upward pressure due to regional hail and wind damage claims.
The area is experiencing significant urban infill and redevelopment, particularly near the Sun Valley and Lincoln Park neighborhoods. Proximity to the Mile High Stadium district and downtown Denver continues to drive interest from developers and commercial investors.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Colorado) — Statutory Agricultural Land Reclassification and Improvement Valuation: Under C.R.S. § 39-1-102(1.6)(a)(I), up to two acres of land directly underlying a residential improvement on agricultural parcels are segregated and assessed at residential rates (6.80% / 7. State (Colorado) — Senior and Disabled Veteran Property Tax Homestead Exemption: Exempts 50% of the first $200,000 of actual market value of the qualifying primary residential parcel from property taxation (a maximum actual value deduction of $100,000). State (Colorado) — Colorado Split Residential Property Tax Assessment Rate Structure: Imposes annual ad valorem property taxes determined using a bifurcated assessment rate system. Assessed Value = Actual (Market) Value × Assessment Rate. Beginning for tax years 2025/2026, residential property is assessed at 6.
Residents benefit from excellent access to the RTD light rail system and major highway corridors like I-25 and US-6. The central location allows for short commute times to downtown Denver and the surrounding employment hubs.
The ZIP code features access to the South Platte River Trail, providing extensive biking and walking paths. Nearby amenities include the Meow Wolf Denver exhibition, various local parks, and the vibrant dining and shopping districts of the nearby Highlands and Santa Fe Arts District.
The rental market is highly active with a mix of older apartment buildings and new luxury developments. Vacancy rates remain competitive, and the area is a popular target for investors looking for proximity to downtown employment centers.
The economy is anchored by downtown Denver's professional services, government, and hospitality sectors. The area benefits from its proximity to the stadium district and ongoing urban renewal projects.
The area is well-served by RTD light rail lines and multiple bus routes, facilitating easy access to the Denver metro area. Major highway access via I-25 is a key infrastructure feature.
Significant planning efforts are focused on the Sun Valley and Lincoln Park neighborhoods to increase housing density and improve public infrastructure. The city is actively encouraging transit-oriented development.
The Denver County Assessor's office manages property valuations, utilizing a biennial reappraisal cycle to reflect market conditions. Assessments are generally transparent and accessible via the county's online portal.
Parcels are primarily served by Denver Public Schools and the City and County of Denver municipal services. There are no significant MUD or PID districts in this established urban area.
Property insurance in this area is standard for urban Colorado, with premiums influenced by regional weather patterns. Homeowners are advised to maintain adequate coverage for hail and wind damage.
Colorado continues to see positive net domestic migration, though the pace has moderated compared to the 2020-2021 peak. Denver remains a primary destination for in-state and out-of-state movers.
Colorado is a public trustee state, utilizing a non-judicial foreclosure process. The timeline for foreclosure is generally faster than in judicial states, with specific notice and cure periods for homeowners.
Colorado law requires sellers to provide a comprehensive property disclosure form to buyers. Sellers must disclose known material defects, though the state is generally considered a 'caveat emptor' market regarding non-disclosed items.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Meow Wolf Denver's Convergence Station4.50.6 mi
- Downtown Aquarium4.31.2 mi
- Elitch Gardens41.2 mi
- Water World4.48.4 mi
- Dave & Buster's Denver4.26.1 mi
- Red Rocks Park and Amphitheatre4.910.7 mi
- Ball Arena4.61.2 mi
- Coors Field4.72.1 mi
- Denver Botanic Gardens4.83.5 mi
- Empower Field at Mile High4.60.5 mi
- Red Rocks Park and Amphitheatre4.910.7 mi
- Coors Field4.72.1 mi
- Denver Zoo4.64.1 mi
- Casa Bonita3.92.4 mi
- Denver Botanic Gardens4.83.5 mi
- Denver Zoo4.64.1 mi
- Casa Bonita3.92.4 mi
- Denver Botanic Gardens4.83.5 mi
- Denver Museum of Nature & Science4.74.5 mi
- Meow Wolf Denver's Convergence Station4.50.6 mi
- Red Rocks Park and Amphitheatre4.910.7 mi
- Denver Botanic Gardens4.83.5 mi
- Civic Center Park4.42 mi
- Rocky Mountain Arsenal National Wildlife Refuge4.711.7 mi
- Cherry Creek State Park4.612.5 mi
- Sloan Lake4.71.4 mi
- Kennedy Golf Course4.310.4 mi
- Fossil Trace Golf Club4.69.8 mi
- Fox Hollow Golf Course4.47.8 mi
- Foothills Golf Course4.27.3 mi
- City Park Golf Course4.34.2 mi
- Cherry Creek Shopping Center4.24.2 mi
- Colorado Mills4.37 mi
- Stanley Marketplace4.68 mi
- Mershops Town Center at Aurora411 mi
- The Denver Central Market4.72.7 mi
- Denver International Airport4.120.3 mi
- Centennial Airport4.414.6 mi
- Capital One Lounge at DEN3.320.3 mi
- Blue Sky Bistro4.712.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional trail system for cycling and walking.
Home of the Denver Broncos and major concert venue.
Immersive art installation and major tourist attraction.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).