Rental rates are all up in the Denver metro area, even though vacancy rates are also up! What is going on here…
Year over year, average apartment rental rates increased by 10 percent in the metro area, according to the Apartment Association of Metro Denver. The increase came in spite of a jump in the average apartment vacancy rate increasing from 4.6% to 6.8%.
Average rent in metro Denver topped $1,291 per month compared with $1,168 per month one year ago.
So what does this mean for you? What if you are thinking about trading up? You own and live in a one bedroom in Lodo and want to own a 2 bedroom in Capital Hill…… Ever think about renting your current place out and investing in a new home? With the rental rates the way they are, could you afford this?
We at the AdenBell Group and Kentwood real estate have the answers for you…..
We have a comprehensive report authored by DenverRental.com, which goes through the various neighborhoods and rental rates for the Metro Area.
We would be happy to forward this great report to you and to tell you a price range you are looking at for your next perfect home!
Free of obligation, so you can make a very educated decision, contact the AdenBell Group and we can give you the information you need, to make an informed decision. We are here to help you!