80239, Denver, CO

The 80239 zip code of Denver, Colorado is one of the most popular and affluent areas in the city. Home prices in this area have increased significantly over the past few years, reaching record highs in 2016. The average home price in this zip code is now $1.2 million, up from $890,000 just five years ago.

One reason for this dramatic increase in home prices is that there are a lot of wealthy people living in the 80239 zip code. Many of these residents are investment bankers, lawyers, and other professionals who can afford to buy expensive homes. Additionally, many new homes being built in this area are luxury models that attract a high level of buyers.

Despite these strong market conditions, there are some potential risks associated with buying a home in the 80239 zip code. One issue is that interest rates are currently very low, which may not be sustainable over the long term. Another potential risk is that the housing market could crash someday and prices could go down again. However, overall it seems likely that prices will continue to rise in this area for at least another few years.