Latest real estate projects in Colorado

Are you interested in investing in the Colorado real estate market? Find out about the latest residential and mixed-use real estate projects in the most popular Colorado cities: Denver and Colorado Springs.

Colorado real estate

Colorado is best known for its natural beauty and mountain scenery, including Rocky Mountain National Park and Arches National Park among many more. Apart from its unique national parks, you’ll find that outdoor recreation like trout fishing and skiing are popular activities. You can also enjoy the views while relaxing in some of Colorado’s world-famous hot springs or sipping on craft beers at the Great American Beer Festival, an annual festival held in Denver. When it comes to real estate, it has some of the lowest property taxes in the US and also has a higher rental income than most other states. Overall, Colorado is a highly desirable state for people to live in and visit, making for many profitable real estate opportunities. 

We’ll look at some of the latest real estate projects in Denver and Colorado Springs, two of the most popular cities, to help you discover upcoming real estate investment opportunities across Colorado. For each project, the developer, project type, size information, number of bedrooms, and project status are included.

Denver

Denver is the largest city and the capital of Colorado, located centrally within the state. It’s often ranked among the top cities in the US to live in, mainly due to its vibrant and walkable downtown area. Denver has many attractions including art venues, museums, and sports facilities, like the well-known Coors Field ballpark. Its proximity to the Rockies also means there are plenty of outdoor recreation activities to do nearby. In terms of business, Denver is home to multiple Fortune 500 companies, has good job growth, and has low unemployment rates. It also generally has one of the lowest rates of mortgage delinquencies in the US. Some popular residential areas include the River North Art District (RiNo), Uptown (North Capitol Hill), City Park, Capitol Hill, Lower Downtown (LoDo), Golden Triangle, and Sunny Side. 

Here are some real estate market trends that may be of use if you are thinking of investing:

• 46.9% of the Denver population are renters

• Only 2.2% of houses and apartments are available to rent 

• The median cost of a US home is $534,100

• Home appreciation in the last year is up by 13.3%

• The median age of real estate is 50 years old

The Downtown Denver development page was referenced to find the projects listed below.

Colorado Springs

Colorado Springs is located just an hour south of Denver and is the second largest city in Colorado. The military is the largest employer with installations like the US Air Force Academy and the city is a popular tourist destination with parks like Pikes Peak and the Garden of the Gods. The US Olympic Headquarters is also located in Colorado Springs and there’s a growing high-tech industry. Both the military and tourism create high demand for rental and vacation properties, a great opportunity if you’re looking to invest in real estate. Some popular residential areas include the Old Colorado City, Broadmoor, Westside, Spring Creek, Kissing Camels, and Park Hill.

Here are some real estate market trends that may be of use if you are thinking of investing:

• 38.6% of the Colorado Springs population are renters

• Only 1.4% of houses and apartments are available to rent 

• The median cost of a US home is $410,900

• Home appreciation in the last year is up by 25.1%

• The median age of real estate is 35 years old

The Downtown Colorado Springs development map was referenced to find the projects listed below.

Next steps towards property ownership 

You're now much more knowledgeable about the latest property investment opportunities in Colorado. We’ve looked at some of the largest upcoming residential and mixed-use projects including project types and sizes, developers, and completion dates. You can check out the top real estate developers in the US to get more information about other developers in Colorado or learn about the latest real estate projects in other popular states including California, Florida, and Texas. This article will be updated with projects in other popular Colorado cities. 

Once you’ve found your dream property, you can start to seriously consider mortgage loans to finance your purchase. A mortgage calculator can help you determine how much you’ll need to borrow and pay every month and you can use a debt service coverage ratio (DSCR) calculator to estimate your future property’s rental profit. It can also be extremely helpful to get guidance from a professional mortgage broker to guide you through the property-buying and mortgage process. Our advisers can guide you from the start of your property search all the way to mortgage payments. We can find you specialized mortgages even if you’re a foreigner and you
‍don’t have a credit score. Go to our website to register today and let us help you find the best financing option for your investment property.

Photo Credits: 

• Photo by Josh Berendes | Unsplash