Florida may be called the "Sunshine State," but with approximately 300 sunny days per year, Colorado could make a strong case for the title as well. It’s no surprise that many new residents are flocking to the state for sunny weather, beautiful scenery, and a strong economy.
Between 2010 and 2020 Colorado’s population grew by almost 15%. During the same time period across the rest of the United States, the average was 7.4%. This fast-growing state is home to a large population of highly educated young professionals in their 20s and 30s. With real estate opportunities that range from bustling cities to scenic mountain towns, Colorado is a hotspot for investors seeking a growing population of renters.
One thing to note as you explore cities in Colorado is that this year there have been pricing corrections. Compared to the same time last year, the median price of homes and rent have decreased. Real estate is a long term investment and if you zoom out over the past five years where prices increased significantly, it paints a more positive picture than just looking at the past year. With that in mind, let’s dive into five Colorado cities to consider for foreign national investors!
Denver's urban scene, coupled with a booming tech industry and proximity to the mountains, is attracting young professionals, families, and remote workers. The tech workforce has grown since the COVID-19 pandemic. In fact, over the next five years, some experts predict that the remote workers population will increase by 21%. All of whom need housing! The combination of high job growth, a diverse culture, and abundant outdoor activities makes Denver an intriguing option for long-term rentals.
In Boulder, property pricing reflects demand. Boulder is a top destination for students, tech workers, and outdoor enthusiasts alike.
As a hub for both innovation and recreation, the city maintains strong rental demand, making it ideal for short-term student housing or longer-term rentals aimed at professionals.
While Boulder has the second-highest property prices on this list, median rents are $3,000 per month. Consistently ranking among the best places to live in the U.S., Boulder's desirability contributes to its strong real estate market. This coupled with limited new residential construction contributes to sustained demand and minimal vacancies.
Fort Collins is another exciting college town. Home to Colorado State University and its 33,000+ students, this city has a steady demand for rentals from students, young families, and professionals. It also offers a balance of affordability and growth potential, with a strong local economy bolstered by the university, tech sector, and thriving small businesses. Plus, Fort Collins has attracted a higher rental price than the national average since at least 2021, which signals a strong market for investors.
About an hour south of Denver, Colorado Springs is viewed by many as a more affordable place to live. It’s also a popular place to invest in rental properties. With several military installations in the area, rental demand is stable, providing opportunities for investors interested in consistent returns and longer-term tenants.
Colorado Springs is a year-round tourist destination. With national parks such as Pikes Peak and Garden of the Gods along with the United States Air Force Academy and the U.S. Olympic Museum, there are also short-term investment opportunities available.
Nestled near the Rocky Mountains and just 17 miles from Denver, Aurora is a dream for outdoor enthusiasts, offering everything from hiking and skiing to kayaking and fishing. Add in Aurora’s lively food scene and low prices compared to Denver, and you’ve got a city that’s on the rise.
Major employers like the University of Colorado's Anschutz Medical Campus and Buckley Space Force Base keep housing demand high. Even though increased rental supply has caused rental rates to decline, prices remain strong at over $2,000 per month.
With its mix of urban energy, college towns, and stunning mountain scenery, Colorado offers a wide range of investment opportunities. If you’re ready to start your real estate journey in Colorado, let us help. Waltz simplifies each step, from paperwork to financing, so you can focus on maximizing your investment returns. Get started now!
All figures are accurate as of November 2024 and may change over time.* Sources for all city-related statistics:
Home price data: Zillow Housing Market
Rental price data: Zillow Rental Market Trends
Property tax data: Smart Asset Property Tax Calculator
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