The story of this market
The typical home in ZIP 80247 sells for about $245,000, or $218 per square foot.
Prices are down 5.75% from a year ago, which gives buyers more room to negotiate. Homes take about 90 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,828 a month.
ZIP 80247 — Denver
The 80247 housing market is currently experiencing a cooling phase, evidenced by a year-over-year decline in median sale prices and an increase in days on market. High interest rates and a shift in buyer sentiment have led to a more competitive environment for sellers, resulting in price adjustments. The market remains somewhat competitive due to the availability of more affordable condominium inventory compared to the broader Denver area.
This ZIP is well-suited for first-time homebuyers, investors seeking condominium units, and commuters who prioritize access to the Denver Tech Center over downtown living.
Median prices moved down 5.8% year over year.
Homes spend a median of 90 days on market with 2.2 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.6% · poverty 14.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 80247, Denver County CO
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime trends in the 80247 area are generally consistent with broader Denver metropolitan patterns, with property-related offenses remaining the primary concern for residents.
Schools serving the area are part of the Denver Public Schools and Cherry Creek School District, offering a mix of performance ratings that vary significantly by specific school site.
The area faces standard regional risks including occasional severe thunderstorms and hail, with flood risk primarily concentrated near localized drainage basins.
Economic momentum is driven by proximity to the Denver Tech Center and major employment corridors along I-25, with ongoing infill development and redevelopment of older multi-family complexes.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Colorado) — Statutory Agricultural Land Reclassification and Improvement Valuation: Under C.R.S. § 39-1-102(1.6)(a)(I), up to two acres of land directly underlying a residential improvement on agricultural parcels are segregated and assessed at residential rates (6.80% / 7. State (Colorado) — Senior and Disabled Veteran Property Tax Homestead Exemption: Exempts 50% of the first $200,000 of actual market value of the qualifying primary residential parcel from property taxation (a maximum actual value deduction of $100,000). State (Colorado) — Colorado Split Residential Property Tax Assessment Rate Structure: Imposes annual ad valorem property taxes determined using a bifurcated assessment rate system. Assessed Value = Actual (Market) Value × Assessment Rate. Beginning for tax years 2025/2026, residential property is assessed at 6.
Residents benefit from direct access to I-25 and I-225, providing efficient transit to the Denver Tech Center and downtown Denver employment hubs.
The area features proximity to the High Line Canal Trail, various neighborhood parks, and easy access to shopping centers along the Parker Road corridor.
The rental market is characterized by a high concentration of multi-family housing and condominiums, with current vacancy pressure influenced by a recent influx of inventory.
The local economy is anchored by the nearby Denver Tech Center, with a strong presence in professional services, healthcare, and retail sectors.
The area is served by major highway corridors including I-25 and I-225, with RTD bus service providing connectivity to the light rail system.
Development is primarily focused on the modernization of existing residential stock and commercial infill along major arterial roads.
The Denver County Assessor maintains property valuations based on biennial reappraisal cycles using market-based mass appraisal techniques.
Parcels are subject to various special districts including metropolitan districts for infrastructure maintenance and specific school district levies.
Property insurance premiums in the region have seen upward pressure due to increased frequency of hail and wind-related claims.
Data retrieved from data.census.gov ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Meow Wolf Denver's Convergence Station4.58.1 mi
- Downtown Aquarium4.38.3 mi
- Elitch Gardens48.1 mi
- Water World4.413.2 mi
- Dave & Buster's Denver4.23.6 mi
- Red Rocks Park and Amphitheatre4.917.7 mi
- Ball Arena4.67.9 mi
- Coors Field4.77.5 mi
- Denver Botanic Gardens4.85.2 mi
- Empower Field at Mile High4.68.4 mi
- Coors Field4.77.5 mi
- Denver Zoo4.65.4 mi
- Casa Bonita3.910.9 mi
- Denver Botanic Gardens4.85.2 mi
- Denver Museum of Nature & Science4.75 mi
- Denver Zoo4.65.4 mi
- Casa Bonita3.910.9 mi
- Denver Botanic Gardens4.85.2 mi
- Denver Museum of Nature & Science4.75 mi
- Meow Wolf Denver's Convergence Station4.58.1 mi
- Denver Botanic Gardens4.85.2 mi
- Civic Center Park4.46.7 mi
- Aurora Sports Park4.66.6 mi
- Rocky Mountain Arsenal National Wildlife Refuge4.79.8 mi
- Cherry Creek State Park4.65.2 mi
- Topgolf Centennial4.47.5 mi
- Family Sports Center4.47.4 mi
- Kennedy Golf Course4.33.2 mi
- Foothills Golf Course4.212.1 mi
- City Park Golf Course4.35.5 mi
- Cherry Creek Shopping Center4.24.4 mi
- Park Meadows4.59.3 mi
- Stanley Marketplace4.63.8 mi
- Mershops Town Center at Aurora42.8 mi
- The Denver Central Market4.77.2 mi
- Denver International Airport4.115.2 mi
- Centennial Airport4.48.3 mi
- Capital One Lounge at DEN3.315.1 mi
- Blue Sky Bistro4.719.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional recreational trail providing extensive walking and biking access.
Large regional park offering water activities, trails, and camping nearby.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.