Property Management in Castle Rock, Colorado
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.
Castle Rock, Colorado Details
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%.
Call us for a comprehensive market analysis of your rental property.
Castle Rock Property Management
Our property management team specializes in residential areas throughout Castle Rock, CO. We offer multiple services to take your rental property and convert it into reliable income. We have a thorough screening process that helps to identify the right tenants for your property. Our team works hard to keep both parties happy through effective communication, bullet proof lease agreements, and timely monthly rent collection. We offer maintenance services to enhance the property and ensure that it will retain or increase in value. We oversee everything, allowing you to sit back and relax and know that your property and your tenants are in good hands.
Contact us today if you are ready to receive a comprehensive analysis of your rental property and to inquire about our Castle Rock area property management services.
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