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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 −8.9% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −3.8% YoY, is the number to watch.
The median listing price is down 8.9% YoY while the median home got down 8.3% bigger, so value per square foot is down 4.7%.
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 $525K purchase rents for $1,975/mo: 0.38% of price per month against the 1% rule's 1.00%.
Sales here take about 58 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 80123 itself, not its parent county.
Renters hold 27.2% of this ZIP's 19,270 occupied households, on a median household income of $106K.
| Measure | ZIP 80123 | Jefferson County | Difference |
|---|---|---|---|
| Median Household Income | $106K | $111K | -$5K |
| Below Poverty Level | 4.4% | 6.7% | -2.3% |
| Median Age | 41.80 | 40.50 | +1.30 |
| Total Population | 44,549 | 579,377 | -- |
| Avg Household Size | 2.27 | 2.36 | -0.09 |
| Owner-Occupied | 72.8% | 70.7% | +2.1% |
| Worked From Home | 23.6% | 25.4% | -1.8% |
| Mean Commute | 26.20 | 26.00 | +0.20 |
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 down 0.1% to 579,377: residents under 18 are down 2.1% and those 65 and over are up 2.5%.
County median household income is $111K, 6.7% of residents are below the poverty level, 25.4% work from home.