80012, Aurora, CO

Aurora, Colorado is a city of about 200,000 people located in the Denver metropolitan area. The 80012 zip code covers much of the city and has a population of about 107,000. Home prices in Aurora have increased significantly over the past few years, making it one of the most desirable places to live in the Denver area.

The average home price in Aurora was $269,200 as of September 2017. This represents an increase of more than 50% from the average home price of $158,100 as of September 2016. The increase in home prices has been particularly pronounced in areas near downtown Aurora where prices have soared by an average of 116%. In contrast, prices outside downtown have only seen modest increases (about 7%).

One reason for this dramatic increase in home values is that there are relatively few homes available for sale compared to previous years. As a result, buyers who are interested in purchasing a home must compete with each other for limited inventory. Additionally, many people who were previously living outside of Aurora are now choosing to move into the city due to its high quality of life and affordable housing costs. This influx of new residents has driven up demand and increased competition for homes among potential buyers.

Despite these positive trends, there are some risks associated with buying a home in Aurora. For example, interest rates may rise over time which could make it more difficult for buyers to afford their homes. Additionally, although crime rates have decreased overall since 2007 when they peaked at around 1 million incidents per year (according to FBI data), they remain higher than average levels throughout much of Colorado Springs and other large cities nearby. Therefore, if you are considering purchasing a home in Aurora be sure to do your research carefully before making any decisions!