The story of this market
The typical home in ZIP 80231 sells for about $460,500, or $320 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 312 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,764 a month.
ZIP 80231 — Denver
The 80231 housing market is currently in a neutral state, characterized by a balance between supply and demand. While median prices have seen a slight year-over-year decline, the market remains stable with consistent activity in the mid-price range. High interest rates and inventory constraints continue to influence buyer behavior, leading to longer days on market.
This ZIP is well-suited for middle-income families and professionals who prioritize proximity to the Denver Tech Center over downtown living. It offers a balance of established suburban housing stock and access to essential retail, making it attractive for those seeking stability and commute efficiency.
Median prices moved down 2.1% year over year.
Homes spend a median of 312 days on market with 4.2 months of supply — a slower-moving market.
15% 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 4.8% · poverty 15.4% — 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 6.7%/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 80231, 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 the 80231 area are generally consistent with broader Denver urban trends, with property crime remaining the primary concern for residents. The area is considered moderately safe compared to the city's central business district but experiences typical suburban-urban interface crime patterns.
The area is served by a mix of Denver County School District 1 and the Cherry Creek School District, with the latter generally maintaining higher performance ratings. Schools like Challenge School are highly regarded, though overall quality varies significantly by specific neighborhood and district assignment.
The area faces standard urban risks including localized flash flooding during heavy summer storms and potential wind damage. Insurance premiums are influenced by Colorado's broader exposure to hail and wildfire-related regional risk factors.
Economic momentum is driven by proximity to the Denver Tech Center and major retail corridors along Havana Street. Infrastructure improvements focus on maintaining access to I-25 and I-225, supporting steady demand for established residential housing.
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 direct access to I-25 and I-225, providing efficient transit to the Denver Tech Center and downtown Denver. Public transit options include regional bus routes, though the area remains heavily reliant on personal vehicle commuting.
The area features proximity to several community parks, including the High Line Canal Trail for outdoor recreation. Shopping and dining are concentrated along the Havana Street corridor, offering diverse retail options within a short drive.
The rental market is characterized by moderate vacancy pressure and stable demand from professionals working in the nearby tech corridor. Short-term rental activity is present but regulated by city-wide ordinances, keeping the focus primarily on long-term residential leasing.
The local economy is anchored by the nearby Denver Tech Center and a robust service and retail sector along Havana Street. The area benefits from a diverse employment base ranging from professional services to healthcare and education.
The area is served by major highway corridors including I-25 and I-225, facilitating regional connectivity. Public transit is provided by RTD bus services, with limited light rail access in the immediate vicinity.
Development is largely focused on infill projects and the modernization of existing commercial properties. No major large-scale residential master-planned communities are currently under construction within the ZIP.
The Denver County Assessor manages property valuations, utilizing a biennial reappraisal cycle to determine market value for tax purposes.
Parcels are subject to Denver County property taxes and various special districts, including those for school funding and regional transit services.
Property insurance costs are influenced by regional climate risks, specifically hail and wind exposure common to the Denver metropolitan area.
Colorado continues to see positive net domestic migration, though growth has moderated compared to the previous decade.
Colorado operates as a public trustee state, utilizing a non-judicial foreclosure process that typically requires a notice of election and demand.
Sellers are required to provide a comprehensive property disclosure form detailing known material defects at the time of listing.
Data retrieved from U.S. Census Bureau ACS 5-year estimates via CityScore.us and Zip-Codes.com.
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 Station4.58.6 mi
- Downtown Aquarium4.39 mi
- Elitch Gardens48.8 mi
- Water World4.414.8 mi
- Dave & Buster's Denver4.23 mi
- Red Rocks Park and Amphitheatre4.917 mi
- Ball Arena4.68.6 mi
- Coors Field4.78.5 mi
- Denver Botanic Gardens4.86.1 mi
- Empower Field at Mile High4.68.9 mi
- Coors Field4.78.5 mi
- Denver Zoo4.66.7 mi
- Casa Bonita3.911.1 mi
- Denver Botanic Gardens4.86.1 mi
- Denver Museum of Nature & Science4.76.4 mi
- Denver Zoo4.66.7 mi
- Casa Bonita3.911.1 mi
- Denver Botanic Gardens4.86.1 mi
- Denver Museum of Nature & Science4.76.4 mi
- Meow Wolf Denver's Convergence Station4.58.6 mi
- Denver Botanic Gardens4.86.1 mi
- Civic Center Park4.47.5 mi
- Aurora Sports Park4.68.2 mi
- Rocky Mountain Arsenal National Wildlife Refuge4.712.1 mi
- Cherry Creek State Park4.63.6 mi
- Topgolf Centennial4.45.4 mi
- Family Sports Center4.45.5 mi
- Kennedy Golf Course4.31.4 mi
- Foothills Golf Course4.211 mi
- City Park Golf Course4.36.9 mi
- Cherry Creek Shopping Center4.25 mi
- Park Meadows4.57.1 mi
- Stanley Marketplace4.66 mi
- Mershops Town Center at Aurora44.5 mi
- The Denver Central Market4.78.3 mi
- Denver International Airport4.117.3 mi
- Centennial Airport4.46.3 mi
- Capital One Lounge at DEN3.317.1 mi
- Blue Sky Bistro4.720.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional greenway providing extensive walking and biking paths.
A primary commercial artery featuring diverse international dining and retail.
Local community park serving the immediate neighborhood.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.