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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −15.6% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −4.6% YoY, is the number to watch.
The median listing price is down 15.6% YoY while the median home got down 6.7% bigger, so value per square foot is down 3.7%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $526K purchase rents for $2,400/mo: 0.46% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 7 BR (sale only, no matching rent).
Sales here take about 33 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold).
U.S. Census ACS characteristics for ZIP 80122 itself, not its parent county.
Renters hold 18.0% of this ZIP's 12,969 occupied households, on a median household income of $129K.
| Measure | ZIP 80122 | Arapahoe County | Difference |
|---|---|---|---|
| Median Household Income | $129K | $101K | +$28K |
| Below Poverty Level | 4.2% | 8.6% | -4.4% |
| Median Age | 42.30 | 37.30 | +5.00 |
| Total Population | 32,195 | 659,844 | -- |
| Avg Household Size | 2.46 | 2.55 | -0.09 |
| Owner-Occupied | 82.0% | 64.7% | +17.3% |
| Worked From Home | 28.3% | 21.0% | +7.3% |
| Mean Commute | 24.90 | 27.10 | -2.20 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.6% to 659,844: residents under 18 are down 0.7% and those 65 and over are up 3.3%.
County median household income is $101K, 8.6% of residents are below the poverty level, 21.0% work from home.