Why Invest In Englewood Real Estate?

Englewood Real Estate

Englewood, Colorado, is an idyllic place for real estate investment. Englewood, which is located only minutes from the city of Denver, offers the best of suburban living combined with the cultural opportunities of being so close to a large city.  Because of Englewood´s close proximity to downtown Denver and to the Denver Technological Center (DTC) and its desirable amenities, investors find many prime opportunities in the area.

Like the overall Denver real estate market, investment opportunities abound in the Englewood real estate market. The areas of Bow Mar, the Denver Technological Center (DTC), Castlewood, Cherry Hills Village, Denver, Glendale, Greenwood Village, Littleton, Sheridan, offer everything from prestigious addresses to optimal rental properties. The median home price in the Englewood area is around $220,000 although this varies widely. Housing within the boundaries of the city of Englewood is generally very affordable than bordering communities.

The real estate appreciation in the Englewood area is around 3.90% per year, which is much lower than the national average of 13.92%. However, Englewood is not prone to the “bubble burst” like many areas of the country since it has made slow and steady gains over the past few years. The Englewood real estate market is currently a buyer´s market, which offers many opportunities for investors looking to build long-term equity.

Why buy Englewood real estate? Why relocate to Englewood?

Englewood´s Economy

There are 2,173 businesses based in Englewood that provide 23,500 full time jobs in the manufacturing, industrial and service sectors and over 4,000 jobs in the retail sector. The top employer in Englewood is the Swedish Medical Center, which employs approximately 1,800 people.

Many companies in the Denver Technological Center (DTC), the second downtown of Denver, also have an Englewood mailing address. The Denver Tech Center, often referred to as “the tech center,” was one of the country´s first suburban office parks and is home to medium sized office buildings and a few hotels. The area spans from I-225 all of the way south to Lincoln Ave. The tech center is a hub for many telecommunications companies since it sits close to the center of the continental 48 states. The tech center is also home to the international headquarters of ReMAX, which is located in Greenwood Village.

There are many condos and a few residential areas in the tech center area that will only increase in value with the newly expanded light rail system adding several stops in route to downtown Denver.

Englewood Rental Market

According to Sperling´s Best Places, the average monthly rent for an Englewood apartment is $889 per month compared to the national average of $653 per month. Englewood has an unusually low housing vacancy rate of just over 3% compared to the national vacancy rate of over 14%. This not only makes Englewood an ideal place for purchasing a home, but a great market to find a renter. Only half of all Englewood residents own the home that they live in while the other half are renters.

For more information on Englewood real estate investing, please contact TeamCox. Our team has extensive knowledge of the entire Englewood real estate market and we look forward to helping you with your Englewood investment.