South Park Hill topped the list, followed by some usual suspects like Congress Park, Washington Park, Highlands, yada yada yada. Any first-time homebuyers out there looking for moderately priced homes? There were two neighborhoods on the list with 2019 average home prices below $400,000.
West Barnum -- We've been steering buyers this way for a while (like this awesome house hacking couple). This area is the continuation of Sloan's Lake development's march southward. Villa Park is crazy already. Now West Barnum is getting it. Cute little starter homes and with easy quick access to downtown. This area will only get hotter.
Indian Creek -- I got to admit: I'd never heard of this neighborhood just east of Virginia Village. Guess I got to check it out.
So ... any thoughts on the best neighborhood in Denver? For me, it's either South Broadway or Capitol Hill. I like shops and bars and restaurants near where I live, and I need more grit than what some of the "hot" spot offers. What do you all think?
Real Estate Agent · Denver CO · Member since 2019 · 210 posts · 333 votes
6y
Great thread! You'll probably get a million different answers, but I love Five Points. It's a great mix of history and new development. I also love that it's still walking/biking distance to both City Park and Cheeseman and it's very easy to get to RiNo as well. You're obviously still close to downtown too but these days I don't spend much time down there, hopefully that'll change if/when sports come back. Something small that I like is that parking is relatively easy to find which isn't always the case in every Denver neighborhood.
Real Estate Broker · Denver, CO · Member since 2016 · 36 posts · 14 votes
6y
Thanks for sharing. I haven't heard of Indian Creek, but probably driven through the neighborhood a thousand times. I'm a little surprised Stapleton didn't make the list. I'm a little biased because I live there, but I figured it would land somewhere in the 20's. Always a great read when 5280 comes out with their best neighborhoods.
Yeah, RiNo (or really Five Points/Curtis Park) is one of the most dynamic areas of Denver. Great street art. Some solid restaurants. (Los Chingones is great, as is Barcelona ... just don't tell anyone it's a chain.)
I also like the area because the homes there are zoned to allow for new construction of accessory dwelling units (ADUs). And an ADU is one of the few ways you can legally Airbnb or short-term rent a place full time in Denver. (They make a fine long-term rental as well, of course.)
I was kind of surprised by that as well, but the truth of the matter is that I put little stock in these lists. You've got to continually change them up to try to bring in new readers, so they mean virtually nothing. (How many years in a row can you say the Highlands and Wash Park are the best neighborhoods in Denver before people tell you to stop already?) And yet, they are still fun to read.
Real Estate Agent · Denver CO · Member since 2019 · 210 posts · 333 votes
6y
Great thread! You'll probably get a million different answers, but I love Five Points. It's a great mix of history and new development. I also love that it's still walking/biking distance to both City Park and Cheeseman and it's very easy to get to RiNo as well. You're obviously still close to downtown too but these days I don't spend much time down there, hopefully that'll change if/when sports come back. Something small that I like is that parking is relatively easy to find which isn't always the case in every Denver neighborhood.
Totally agree. It's one of the few neighborhoods that still has a sense of that history. Though I fear that it's only a matter of time. I mean, even the rebranding of that area as RiNo is a signal in that direction. And I think what used to be an art district is quickly becoming a brewery district. Not the worst thing in the world. (I love me a good beer.) But I worry about the homogenization of our Denver neighborhoods.
I feel like Hale/Mayfair is an undersung neighborhood for families. It’s sandwiched between South Park Hill and Hilltop, less expensive than either and has (IMO) housing stock just as nice as much of Park Hill although it lacks the mansions on parkways. The 9th and CO development is a little generic and franchise heavy but is a nice injection of retail into the neighborhood.
You're totally right! I have some clients who moved to Denver from Chicago a few years ago and bought a house nestled in that neighborhood. They're converting the basement into a little mother-in-law suite as a sort of house hack. They love it. And I've had a lot of condo buyers as well in those high-rises right there. I think the $/sf value you get being in that neighborhood, next to Snooze and Trader Joe's and a straight shot down 8th to downtown Denver is hugely attractive. I agree that the 9th & Colorado development could use a little more local flavor, but I'll take the mixed use of any kind in the middle of a residential area.
Right? I was a journalist for 10 years, wrote for newspapers and magazines, and I have worked on a few of these types of lists before. The editors always want those one or two surprise entries that will make people feel like they're getting inside information. Well, I didn't know that! How interesting.
The Indian Village inclusion feels like the requisite "surprise" addition. Or maybe I'm wrong, and Indian Village is about to blow up. Time to buy!
Denver, CO · Member since 2018 · 51 posts · 16 votes
6y
My emphatic vote for starter homes with upside is West Barnum.
Many of the properties are zoned E-SU-D1X making it possible to build out an ADU in a detached garage or basement. Since purchasing my 3/2 home in Sept 2018 it's easily appreciated over 50K based on recent sales and house hacking allowed me to live almost mortgage free! After a lot of red tape with the city of Denver I'm finally near completion of an ADU (previous detached 4 car garage) that beats the 1% rule that will rent for about $1,950/month.
Please feel free to reach out if you are thinking about an ADU build in Barnum, I'm more than happy to share what I've learned to help shorten the process.
Congrats on your home! Yep, we love Barnum too. It's still one of the best investments in the Denver area, and we push our buyer clients there all the time. Cool little homes. Area's changing. There are a few commercial stretches that I could see being developed into some charming retail/restaurant type places.
I'm interested to hear more about your ADU build. Is it a garage + mother-in-law above it? Or just a straight carriage house? Did you have to run electric, gas, and sewer out there? What was the permitting and zoning process like with the City of Denver?
It would be great to see that little commercial strip on 1st developed a bit further. It would definitely help the neighborhood appreciate and grow.
It's going to be a 2/1 carriage house. We are running electric, water and sewer to the unit. The garage did not meet current set back zoning rules and applying for a variance was a bit of a nightmare but I eventually got permission. I needed surveyor work a bunch of photo documentation and measurements of ADUs around the neighborhood showing that there was precedent for the zoning infringement. They required a written endorsement of a neighborhood organization (thank you Community Coalition of Barnum) and then a presentation/pitch to a city panel. Fortunately it went well.
I have all the contacts, neighborhood photos/measurements, and presentation if you known anyone who wants to skip some of the labor in applying for a setback variance.
Rental Property Investor · Denver, CO · Member since 2014 · 2k+ posts · 6k+ votes
6y
I'd add my voice to the mix for Barnum/West Barnum. I own property just south of West Barnum and in Villa Park (Villa Park in 2016, West Barnum in 2017). I think the Villa Park area has already seen the pricing rise to meet the high expectations of future development.
Yep, I think in five years, we'll see that corner at 1st and Knox look a lot different. That's great to hear about your carriage house. We love all those ADU-compliant neighborhoods in Denver. I haven't seen too many people building new ones in Barnum, but I know it's coming as your experience would say. We've seen more and more in Five Points/Curtis Park, Sloan's Lake, Sunnyside, and Berkeley.
I would love to see the numbers on this. I'll DM you now.
It's so interesting to watch these Denver neighborhoods evolve. I remember five years ago people talking about Villa Park. You drive around there now, you can't look anywhere without seeing some new-build condos or townhomes. Not surprising as it's right on the light rail line and an easy jump into downtown. Barnum and West Barnum seem poised for the same type of change.
New to Real Estate · Denver, CO · Member since 2019 · 30 posts · 7 votes
6y
The Berkely neighborhood is gem of a spot off of 44th and Tennyson. It's growing fast and shows no sign of slowing down. Tennyson St itself serves as an outdoor mall type experience with various eating establishments and shops as well as multi-level multi-familes front and center to the action. The surrounding residential area has giant luxury duplexs popping up left and right. I was a subcontractor for one of the home builders developing the area and the condos were in the low 700's easy, some of them priced in the higher 800's. It's very common to spot these new $million+ duplexs next to the old 600 ft² shacks that inhabitated the neighborhood in days of yore. Big lots and tall trees also add a certain appeal. Most of the new condos are 3 and 4 stories tall, giving excellent views of both the mountains and downtown.