Five of Denver’s Most Affordable Neighborhoods
Finding an affordable home in Denver is a tough task to say the least. Housing prices have set historic records, with the average cost of a single-family home now exceeding $600,000 in many areas, and condominium prices averaging well over $400,000. But there are still some areas that are affordable when compared to most. Following are five neighborhoods worth considering for those with a mainstream budget:
Baker: Home prices in Denver’s Baker neighborhood average $355,880 and is regarded as a great place to live for singles, young professionals, and families. This affordable Denver neighborhood’s youthful vibes are found in colorful bungalows, well-decorated Victorian homes, and Craftsman homes with bright siding and trim throughout the area. Residents enjoy less traffic and a quiet atmosphere. Along with all the fun things to do along South Broadway, Baker is a hip neighborhood that offers commuters close proximity to I-25 and access to highly regarded schools.
Congress Park: The average home price in Congress Park is $416,967 and is also perfect for singles, young professionals, families, and retirees. Congress Park mixes urban and suburban living in Denver, featuring plenty of parks such as Congress park and Cheesman Park, and recreation such as children’s playgrounds and trails perfect for biking or walking your pets. Residents of this Denver neighborhood value Congress Park’s inclusivity and friendly spaces, along with being near state-of-the-art healthcare at Rose Medical Center. Homebuyers in this family-friendly neighborhood can find everything from brick bungalows to Mediterranean Revival houses, while renters have their pick of newly constructed townhomes, condos, and spacious apartments. And those raising a family in Congress Park are able to choose from an abundance of Denver schools, including Montessori Children’s House of Denver, Teller Elementary, Palmer Elementary, and Reach Charter School.
Gateway-Green Valley Ranch: Homes in this neighborhood average just $222,990 and it’s a great place for nearly all age groups and families, including singles and retirees. This northwestern Denver neighborhood is conveniently located near the Denver International Airport, I-70, and the RTD station, making this a commuter-friendly neighborhood. Being on the outskirts of metro Denver, Gateway-Green Valley Ranch not only offers residents quicker access to the Rocky Mountain Arsenal National Wildlife Refuge, but also plenty of space for families to spread out. Full of expansive yards perfect for kids to play, safe Gateway-Green Valley Ranch provides residents with larger American Foursquares and Craftsman bungalows. Dog owners will enjoy living in one of the best cities for dogs, with lots of yard space as well as accessible dog parks such as Green Valley Ranch East Dog Park and Parkfield Lake Park.
LoDo: The median price of homes in LoDo is $441,900 and is particularly well suited for singles and young professionals. LoDo, or Lower Downtown, is one of the best neighborhoods in Denver for young professionals. Centered around Denver’s main RTD hub and historic Union Station, LoDo is the oldest neighborhood in Denver. Despite its age, LoDo is a safe Denver neighborhood that perfectly blends historical influence and modern urban energy. As one of the most walkable neighborhoods in Denver, and the city center, LoDo is a bustling hub of activity, so residents will walk to work or easily commute to the office using multiple RTD stations and nearby I-25. Residents looking for an apartment in a safe neighborhood can find a home in LoDo in newer buildings beside affordable brick condos.
University: Home prices in the University neighborhood average $546,855 and it is safer than 82 percent of Denver neighborhoods. University is well-suited for students, singles, young professionals, and families. University surrounds the University of Denver campus and offers residents lush nature for all kinds of outdoor recreation. One of the biggest parks in Denver, Washington Park, sits just south of University and lets residents escape from an urban landscape to flower gardens, lakes, and a boathouse. Homes in the area are mostly ranches, but there are a variety of apartments, duplexes, and condo living options. Established families living in University can send their kids to Denver South High School just a short distance away. But households with a commuting member are often drawn to this neighborhood because its streets are safe and excellent for commuting, with quick access to the University of Denver RTD Station, I-25, and Highway 85.