80802, Arapahoe, CO

The 80802 zip code of Arapahoe, Colorado has a population of about 247,000 people. The median household income in this zip code is $86,000 and the median home value is $269,900. In this zip code, there are about 116,000 households and the average home size is 2.5 bedrooms.

Home equity in this zip code has increased by about 20% since 2007 and home prices have increased by about 9%. This increase in home values is likely due to strong economic growth in the Denver metro area as well as increasing demand for housing from both local and out-of-state residents. The average sale price for homes in this zip code was $291,500 in 2017 which was up from $269,900 in 2007.

There are a number of factors that may contribute to increases in home values such as population growth, job opportunities, low interest rates and limited supply of housing units. While these factors are important contributors to overall market stability and prosperity, it is important to remember that individual homeownership rates have decreased over time which may also be contributing to higher home values.