80112, Englewood, CO

Englewood, Colorado is located in the 80112 zip code. According to the 2010 census, the population of Englewood was 31,521. The median home value in the 80112 zip code is $225,000. Home equity and home prices have been on the rise in Englewood over the past few years. In 2007, there were only 9 homes sold for more than $1 million within the 80112 zip code. By 2011 that number had increased to 34 homes sold for more than $1 million. In 2012 there were 43 homes sold for more than $1 million within the 80112 zip code.

There are a variety of reasons why home equity and home prices have been on the rise in Englewood over recent years. One reason is that Englewood has seen an influx of affluent residents due to its proximity to downtown Denver and its many amenities such as schools and parks. Another reason is that Englewood has seen a rapid increase in luxury housing developments such as The Village at Cherry Creek and The Highlands at Cherry Creek which have added much-needed inventory of high-end homes to the market. Finally, Englewood's strong economy has led to an increase in wages which has helped to boost home values even further.

Despite these positive trends, there are still some risks associated with buying a home in Englewood right now. One risk is that interest rates could go up which would make it harder for buyers to afford their homes or pay off their mortgages quickly. Another risk is that prices could decline if interest rates go down or if there are any unforeseen economic setbacks in the future. However, overall it seems safe to say that home equity and home prices have been on an upward trajectory in Englewood over recent years and there is no sign of this trend slowing down anytime soon."