The situation for those who wish to invest in Denver CO apartments is that rental incomes are still showing quality growth – however the local market economy has changed with less emphasis on the extraction of minerals and more on the educational, healthcare and information technology areas. However, this is stabilizing rather than disrupting the Denver market.
These three sectors continue to drive rental incomes as more qualified professionals, as well as a growing student population in the Denver area seek quality accommodation at fair rental prices.
For this reason apartments have been identified by market pundits as representing the best opportunities for those investors who are seeking stable rental incomes for the medium to long term.
Although the fracking boom which drove Denver prices upwards has lately begun to show signs of slowing that combination of sought after universities and the expertise to manage mineral extraction still will be powering the market for the foreseeable future.
The growth of the healthcare sector is also one of the engines behind the growth of the job market and the influx of healthcare professionals seeking apartment accommodation is also fueling higher than average returns for those seeking rental income.
There is of course the lifestyle issue which continues to make Denver one of the most sought after areas to make Denver an attractive destination for those who might want to escape other parts of the country where tax rates and other costs associated with home ownership might be becoming too much of a burden for the average wage earner.
Denver has built a solid reputation with those who are seeking to rent due in part to the fact that apartment developments tend to focus on larger buildings where the rents are lower for those who are seeking a combination of low rentals and that coveted Denver lifestyle.
For investors – this may be the right time to look at Denver apartments as source of income. The return on investment is attractive and pricing is fair at the moment.