80031, Westminster, CO

The 80031 zip code of Westminster, Colorado is located in the Denver metropolitan area. The median home value in this zip code is $257,000 and the median home equity is $146,000. This indicates that home prices are relatively high in this zip code. In addition, the percentage of homes sold for over asking price was 5% in 2016 which indicates that there is a healthy market for housing here.

One reason that home prices are high in the 80031 zip code of Westminster, Colorado is because of its proximity to some of the most affluent neighborhoods in Denver. For example, residents of this zip code can easily access Cherry Creek North and Cherry Creek South which have a combined population of over 100,000 people and an average household income above $200,000. Additionally, residents can access downtown Denver which has a population of more than 1 million people and an average household income above $100,000. Therefore, there is a large demand for housing here and prices have responded accordingly.

Another factor that contributes to high home values in the 80031 zip code of Westminster, Colorado is the availability of quality homes. In general, there are more luxury homes available in this area than there are low-priced homes. This means that buyers who are looking for a luxurious lifestyle can typically find what they are looking for here. Additionally, many homeowners have taken advantage of recent trends such as smart growth zoning laws which allow them to add additional rooms without having to increase their lot size or pay additional fees. As a result, there are now more spacious and well-designed homes available than ever before which has helped drive up prices even further.