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A statutory city situated in central Colorado’s Douglas County, Castle Pines is known for its natural beauty and upscale neighborhoods. Conveniently located around 20 miles south-southeast of Denver, this new community was incorporated in 2008.

With a population of just over 10,000, the city ranks among one of the nation’s most affluent. According to the latest census, annual per capita income was just under $50,000. Married couples comprise 76.3 percent of the city’s relatively traditional households. The residents are highly educated, and nearly 70 percent of the population over the age of 25 holds a college degree. An astounding 98.8 percent have graduated from high school. Not surprisingly, the city’s unemployment rate is an exceptionally low 2.6 percent.

A community with an optimistic mission, the city strives to ensure “excellent infrastructure, safe neighborhoods, maximum citizen participation and conscientious development that balances open space, residential and commercial uses.”

Nature lovers can find plenty to enjoy in the area. The 1,000-acre Daniels Park ranch is home to a herd of majestic bison, which visitors can view in the animals’ own natural habitat. There’s also a stunning view of the Rocky Mountains and the opportunity to tour historic buildings and a unique stone shelter in the park.

Another area nature preserve is Cherokee Ranch & Castle, which provides a panoramic 200-mile view of such spectacular points as Pike’s and Long’s Peaks. The ranch is home to handsome Santa Gertrudis cattle; while antelope, bear, cougar, elk, mountain lions, porcupines and wild turkeys inhabit the remainder of the preserve.

Residents of the city enjoy easy access to some of the Denver’s area’s finest shopping centers. The largest shopping mall in Colorado, Park Meadows is located 10 miles to the north. With more than 185 establishments, Park Meadows features beautiful Grand Mountain Lodge architecture and works by some of the most talented artists in Colorado.

Located about 10 miles south of town is the Outlets at Castle Rock, the largest open-air outlet center in all of Colorado. Offering more than 100 name brands at up to 70 percent off retail price, the center has been named “Colorado’s Best Outlet Shopping” since 2015.

Castle Pines Property Manager

Having risen 3.6 percent over the past year, the median home value in the city is $471,500. The median list price is $495,000, and the median sales price is $468,600. Lower than the Denver metro area average of $266, the median list price per square foot in the city is $218. Higher than that of the Denver metro area, however, the median rent price is $2,100. With a rating of 7.4 out of 10, the city’s housing market is healthy.

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Castle Rock is an affluent community located in Douglas County, Colorado. It is not only the county seat but also the largest city in the county with a population of little more than 50,000. When combined with the surrounding areas, there are more than 70,000 people there. The city is named for the large butte not far from the center of town, which is shaped much like a castle. Founded in 1874, the city is about halfway between Denver and Colorado Springs, and it is considered part of the Denver Metropolitan Area.

The city generally experiences cold, dry and snowy winters, while the summers are usually hot and wet. The average high-temperature year round is 63 degrees and the average low is 35 degrees. They usually receive about 19 inches of rain per year and 62 inches of snow.

There are about 17,000 households in the city, and little less than 50% of them have children. The average household size is a little under 3. The median household income is about $85,000 and the median age of residents is a little under 34.

Castle Rock Property Manager

The median age of homes in the city is 12 years old, while the median value of homes is a little over $470,000. The median listing price is right now $500,000 and the median sales price is around $462,000.

Home prices have risen about 4% in the past year and they are expected to rise about another 5% in the coming year. The median list price per square foot in the city is around $220. Prices in the city are lower than Denver, where the median list price per square foot is about $266.

Rents, though, are higher in the city than they are in Denver. The average rent in the city is currently about $2,150, while the average rent in Denver is right now about $2,000. The average rent list price per square foot is $1.18. Rental properties make up a little more than 23% of all properties in the city, and the current vacancy rate is a little under 4%.

The foreclosure rate in the city is 0.0%, which is lower than Denver’s 0.1% rate and lower than the national rate of 1.2%. Delinquencies in the city are also quite low, standing at 0.3%. This is lower than the national rate of 1.1%. Though nearly 6% of homeowners in the city are underwater with their mortgage, as opposed to Denver’s 3.9%.

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Lone Tree is a community in Colorado that is known for its excellent housing and quality of life. The community is situated within the Denver-Aurora-Lakewood, CO Metropolitan Statistical Area and offers a great alternative to metropolitan living. Just over 13,000 call the community home, and many of the local households are made up of married couples with children and a median income that is above the national average.

Real Estate

As of November 2018, the median home value in Lone Tree is $622,800, which represents a 6.2 percent increase from the previous year. Local home values have nearly doubled since June 2011 and are expected to rise over the coming years. Most homes are listed at approximately $714,950 with the price per square foot averaging $279 and sell for around $544,700. The median rent price is $2,695 per month.

Many of the homes for sale include modern houses that are spacious enough for large families. Smaller houses and apartments can also be found for single professionals. These homes are ideal for anyone who wants to live in a safe community that is in walking distance to shops, restaurants, coffeehouses and parks.

Schools

The community boasts several schools that rank among the top educational institutions in Colorado. Lone Tree Elementary and Eagle Ridge Elementary are two of the best schools that teach young children the fundamentals of learning. One of the closest high schools is Chaparral High Scholl, which is also known for its enriching curriculum and located in the nearby community of Parker.

Transportation

RTD Bus and Rail oversees the local bus and light rail services for people who need public transportation. Interstate 25 passes through the community and is used by drivers who need to go to Denver, Thornton and other major cities in the area.

Health Care

Sky Ride Medical Center is a modern hospital that includes an ER. Patients can come here to receive care from neuroscience, cardiac and cancer specialists as well as surgical treatments. Residents can also choose to see doctors who practice in local private clinics.

Things to Do

Residents who want to have some fun often visit the Bowlero Bowling Alley or the iFly Indoor Skydiving Facility. For outdoor activities, locals can go hiking or cycling along the community’s wilderness trails or play a round at the golf course. Park Meadows Mall consists of many well-known retailers that offer everything from clothes and jewelry to the newest electronic devices.

For a comprehensive market analysis of your rental property, please contact us today.

Sitting 5,900 feet above sea level, Parker is located in Douglas County, Colorado. It is approximately 20 miles southeast of Denver and is considered part of the Denver metropolitan area.

The town was founded in 1864 and named after James Sample Parker. His inn had become a major stopping point for railroad travelers. The community was established around the inn. It has grown from a small community in the 1800s to a town with a population of over 54,000 people.
According to the Census Bureau, 98% of people aged 25 and over have graduated high school. College education also ranks well with over 53% of people aged 25 and over having a Bachelor’s degree or higher.

Residents fare better than average when it comes to income. The average US income is roughly $28,500 per year, while residents here have an average income of approximately $36,700 per year. As for median household income, the US average is approximately $53,400 while the median household income here is about $98,000.

The median value of a home is just over $474,000. The median list price per square foot for a home is $224. Home values have risen over the past year by 4% and are expected to continue rising over the next year. The median rental rate is roughly $2,200.

This is a family-friendly town offering year-round community activities and events. What can families do for fun? Outdoor and indoor activities abound. There are several hiking and biking trails to enjoy. Railbender Skate and Tennis Park is a 36,000 square foot park that is a skateboarder’s dream. It includes two beginner bowls, along with street, plaza and bowl transition features. The park also includes six lighted tennis courts, shade structures, and a playground for children. H2O’Brian Pool offers summer fun with two water slides, a spray garden, lap and circulation pool and concession area. Indoor activities can be found at the City Recreation Center. This state-of-the-art facility covers over 30,000 square feet. It includes several gymnasiums, a cycling studio, fitness studios, a therapy pool, a lap pool, and an activity pool with an aquatic climbing wall, water slide, and lazy river.

Restaurants, shops, cafes, and coffee shops are numerous in town. Dog owners can take their furry friend to the dog park. History buffs can enjoy historic downtown. Beer lovers can relax and enjoy a cold brew at several of the brewpubs in town. There really is something for everyone to do in Parker!

If you run out of things to do, keep in mind that the town is close to Denver and you can take advantage of all the attractions that the “Mile High City” has to offer. Colorado Springs is less than 60 miles away and offers many attractions and beautiful scenery. The mountains are also fairly close, so you can easily get away and enjoy the spectacular scenery that Colorado has to offer.

With a location in the Colorado Rocky Mountains, Roxborough is home to just under 10,000 people. A population size like what this community offers is perfect for a lot of buyers and renters who prefer smaller towns. Another advantage that prospective buyers or renters in this area can utilize is the surrounding area that includes some of the state’s top cities. The community is about 25 miles southwest of Denver, providing both easy city access for shopping, dining, nightlife, and jobs.

Living here is family-friendly and perfect for outdoor enthusiasts who enjoy having a lot of things to do near home, including skiing and hiking. There are several sites nearby with archaeological and historical significance to please any history enthusiast. Easy proximity to the metro Denver area also helps make this location an ideal community. This community enjoys a median family income of over $81,000, which is consistent with the income level for the area. Several industries that include technology companies are well-represented within the region, offering a range of well-paying jobs.

This Colorado community saw some of its most significant growth between 2000 and 2010, with the population size doubling during that time. Many of the homes on the market are of newer construction, reflecting this growth trend, and providing plenty of options in several high-demand home styles. A discovery of mammoth bones in the 1960s helped make this area a popular destination for outdoor adventures, with the state park sharing a name with the census-designated place being one of the most popular attractions. Residents of this region enjoy an excellent quality of life, considering both the range of activities available and the average income that most families enjoy that makes it easier for them to get involved in everything that the region offers. According to US Census data, the median income per household was $78,607, a higher average than many towns of similar sizes in other areas enjoy. In November 2018, the median home value for this area was $478,600, reflecting a modest increase from the same time in 2017. Average rent prices are over $2,197 a month for a house with three bedrooms and two baths. The majority of properties for lease are single-family houses that have yards and other amenities that families prefer.

Call our team today for a market analysis that is comprehensive and up-to-date for your rental property.