The story of this market
The typical home in ZIP 80223 sells for about $453,000, or $420 per square foot.
Prices are down 6.4% from a year ago, which gives buyers more room to negotiate. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 80223 — Denver
The 80223 housing market is currently experiencing a cooling phase, with median prices down 6.4% year-over-year and sales volume remaining modest. High interest rates and inventory constraints are driving a cautious sentiment among buyers and sellers alike. Note that specific figures for active inventory and price cuts are based on current market reports, while some demographic data relies on the most recent available ACS vintages.
This ZIP is well-suited for urban commuters and renters seeking proximity to downtown Denver, as well as investors targeting high-density residential areas.
Median prices moved down 6.4% year over year.
Homes spend a median of 35 days on market with 2.8 months of supply — a fast-moving market.
7% 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 12.5% — 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 7.1%/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 6.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 80223, Denver County CO
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.
Located in Denver, this ZIP offers proximity to downtown employment centers via major arterial roads and public transit corridors.
The area features access to local parks and proximity to the South Platte River trail system and various urban shopping districts.
The rental market is characterized by a high renter share of approximately 57%, indicating significant demand for multi-family and rental housing.
The local economy is anchored by the broader Denver metropolitan employment base, with a mix of service, retail, and industrial sectors.
Served by RTD bus and light rail connections, providing access to the Denver central business district.
The Denver County Assessor manages property valuations for all parcels within the city and county limits.
Parcels are subject to Denver Public Schools and various municipal utility and service districts.
Data retrieved from US Census Bureau ZCTA profiles.
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 Station4.52.8 mi
- Downtown Aquarium4.33.6 mi
- Elitch Gardens43.4 mi
- Water World4.410.9 mi
- Dave & Buster's Denver4.23.7 mi
- Red Rocks Park and Amphitheatre4.911 mi
- Ball Arena4.63.3 mi
- Coors Field4.73.9 mi
- Denver Botanic Gardens4.83.1 mi
- Empower Field at Mile High4.63.1 mi
- Red Rocks Park and Amphitheatre4.911 mi
- Coors Field4.73.9 mi
- Denver Zoo4.64.4 mi
- Casa Bonita3.94.6 mi
- Denver Botanic Gardens4.83.1 mi
- Denver Zoo4.64.4 mi
- Casa Bonita3.94.6 mi
- Denver Botanic Gardens4.83.1 mi
- Denver Museum of Nature & Science4.74.6 mi
- Meow Wolf Denver's Convergence Station4.52.8 mi
- Red Rocks Park and Amphitheatre4.911 mi
- Denver Botanic Gardens4.83.1 mi
- Civic Center Park4.42.8 mi
- Rocky Mountain Arsenal National Wildlife Refuge4.712.6 mi
- Cherry Creek State Park4.610 mi
- Topgolf Centennial4.410.6 mi
- Family Sports Center4.411.1 mi
- Kennedy Golf Course4.38 mi
- Fox Hollow Golf Course4.47.4 mi
- Foothills Golf Course4.26.1 mi
- Cherry Creek Shopping Center4.22.9 mi
- Park Meadows4.511.7 mi
- Colorado Mills4.38.5 mi
- Stanley Marketplace4.67.6 mi
- Mershops Town Center at Aurora49.6 mi
- Denver International Airport4.120.4 mi
- Centennial Airport4.411.8 mi
- Capital One Lounge at DEN3.320.3 mi
- Blue Sky Bistro4.715.5 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 providing recreational access.
Large public park featuring an amphitheater and winter sports facilities.
Key-figure check: median price diverges 13.5% from the nearest retained anchor (published ten-year series (2024)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: confirmed genuine market swing — the flagged $453,000 was independently re-read and corroborated by 2 source(s); it stands as the new anchor baseline.