Best Neighborhoods To Invest In Aurora, CO

Overview of Aurora’s Real Estate Market

Aurora, Colorado, stands as an economically diverse city with a real estate market offering various opportunities. Known for its range of housing options, Aurora attracts many different types of buyers.

The median listing home price in Aurora was $500,000 in May 2024, showing a slight decline of 1.7% from the previous year. The homes in this region cater to diverse budgets, with prices ranging from $20,000 to $5.5 million.

For investors, the Aurora real estate market offers attractively priced properties. The median days on market increased to about 32.75 days, up from last year. This provides potential buyers with more time to explore their options.

The number of homes available for sale is on the rise. Recently, 2,258 homes were recorded on the market, a significant increase of 42.4% from last year. This growing inventory signals a broader selection for those interested in purchasing.

Home styles in Aurora vary significantly, featuring contemporary designs, ranches, single-family homes, townhouses, and condos. This variety accommodates diverse tastes and living needs, appealing to both new residents and long-time locals.

Aurora’s real estate market is further enhanced by its community amenities and scenic surroundings. It provides residents with convenient access to parks, shopping centers, and cultural attractions, making it an attractive location for people seeking a balanced lifestyle.

Top Neighborhoods for Investment

Aurora, Colorado, offers a range of neighborhoods each with its own appeal for real estate investments. Factors such as amenities, community atmosphere, and location stand out, making certain areas prime spots to consider.

Seven Hills

Seven Hills is a notable neighborhood for investment in Aurora. Known for its family-friendly environment, it is part of the Cherry Creek School District, one of the best in the area. The neighborhood is close to parks and trails, appealing to outdoor enthusiasts. The real estate here offers a mix of single-family homes and townhouses, with prices that are relatively affordable compared to nearby areas. With its strong sense of community and local amenities, Seven Hills tends to attract young families and first-time homebuyers, contributing to steady demand.

Saddle Rock

Saddle Rock is an upscale neighborhood, featuring the well-known Saddle Rock Golf Club. This community provides a mix of luxurious homes and townhouses, often appealing to golf enthusiasts and those seeking a quieter suburban lifestyle. The area boasts a variety of amenities, including shopping centers and dining options. Its proximity to top-rated schools adds further allure for families. Additionally, the neighborhood’s established nature and consistent property values make it a sound investment for those aiming for long-term stability.

Aurora Highlands

Aurora Highlands is a vibrant and diverse neighborhood, drawing interest due to its central location. It offers ease of access to major highways and public transportation, making commuting straightforward. The area contains a variety of housing options, including affordable condos and larger family homes. Retail centers and local eateries enhance the livability factor. As the community continues to develop, property values have shown consistent growth, making it an appealing choice for investors seeking both immediate rental income and future appreciation.

Tallyn’s Reach

Tallyn’s Reach is known for its scenic views and proximity to natural attractions such as the Aurora Reservoir. The neighborhood features a range of housing from contemporary designs to traditional style homes. Residents enjoy a host of amenities including parks, trails, and easy access to shopping. Being part of the Cherry Creek School District, Tallyn’s Reach is particularly attractive to families. Its secure, well-kept atmosphere and ongoing development projects contribute to a promising real estate market.

Southshore

Situated near the Aurora Reservoir, Southshore offers stunning water views and access to outdoor activities. This master-planned community emphasizes luxurious living, with expansive homes and modern amenities. Its residents enjoy exclusive access to the Lakehouse center for recreation and gatherings. The area’s development is recent, meaning properties often feature the latest in home building designs and energy-efficient technologies. Southshore’s appeal to both families and retirees alike ensures a steady demand for residences and a potential for property appreciation.

Heritage Eagle Bend

Heritage Eagle Bend is advertised as a premier golf community, prominently featuring a top-notch golf course. The neighborhood is targeted mainly towards active adults, providing a rich assortment of activities and social events. Homes here are generally well-kept and include a variety of styles and sizes. The community’s clubhouse and dining facilities are major draws. Being among one of the best-kept neighborhoods in Aurora, its established reputation makes it a safe bet for those looking to invest in a niche market.

Meadow Hills

Meadow Hills is nestled next to Cherry Creek State Park, offering a serene living environment. Known for its beautiful landscape, the neighborhood includes a mix of condos and larger family homes. It appeals to both nature lovers and those seeking a tranquil community. The Meadow Hills golf course is another attractive feature, promoting recreational activities close to home. With competitive property prices and accessibility to surrounding amenities, Meadow Hills presents a viable investment opportunity for buyers interested in both beauty and convenience.

Education and School Districts

Aurora, CO, offers a variety of educational options with two main school districts serving the area: Cherry Creek School District and Aurora Public Schools.

Cherry Creek School District is often praised for its strong academic performance and wide range of extracurricular activities. It serves parts of Aurora and includes numerous elementary, middle, and high schools that cater to diverse learning needs.

Aurora Public Schools is one of the largest districts in the area, with a commitment to providing quality education. This district embraces diversity and offers programs tailored to different student interests.

Both districts have invested in technology and modern teaching methods, supporting students with a comprehensive educational experience. The focus is on preparing students for college and careers with relevant skills.

Teachers in these districts are generally regarded as dedicated and well-qualified, with schools offering numerous opportunities for parent and student involvement.

To understand more about the schools and their ratings, consider exploring their public school ratings and districts for detailed information. With unique strengths, each district offers a solid foundation for students in Aurora, helping families make informed decisions about their children’s education.

Amenities and Lifestyle

The neighborhoods in Aurora, CO, offer a variety of amenities that cater to different lifestyles. From lush parks and outdoor activities to diverse shopping centers and cultural venues, this city provides a vibrant and engaging experience for residents.

Outdoor Activities

Aurora boasts numerous opportunities for outdoor enthusiasts. Cherry Creek State Park is a favorite spot for activities like hiking, biking, and camping. Visitors can enjoy trails and a large reservoir perfect for boating and swimming. Aurora Reservoir also offers swimming, sailing, and paddleboarding, making it a popular destination.

John F. Kennedy Park provides open spaces and sports facilities, appealing to families and fitness fans alike. With well-maintained parks and recreational facilities, Aurora encourages an active lifestyle.

Shopping and Entertainment

For those interested in shopping, Southlands Mall is a key destination. This open-air shopping center features a variety of stores, restaurants, and entertainment options, like a movie theater. It serves as a central hub for both locals and visitors.

Retail centers throughout Aurora cater to various tastes and budgets. From boutiques to big-box stores, shopping in Aurora is both diverse and accessible.

Community Events and Cultural Venues

Aurora’s cultural scene thrives with venues like the Fox Arts Center, where residents can enjoy performing arts including theater and live music. Community events are frequent, elevating city life with festivals and local gatherings.

Events such as farmer’s markets and art fairs showcase the city’s creativity and local produce. These activities foster a strong sense of community and belonging, making Aurora an attractive place for families and individuals.

Economic Insights and Housing Trends

Aurora, Colorado, is an economically diverse city that attracts a range of investors. The cost of living in Aurora is relatively moderate compared to nearby cities like Denver, making it appealing for both families and investors.

Real estate market trends reveal varied opportunities. As of August 2024, the median home price in Aurora was $475,000. This is a 1.4% increase from the previous year, indicating steady growth. Homes typically sell within 32 days, up from 14 last year, suggesting a more balanced market.

Price Comparison Table

Investors have opportunities in different areas of Aurora. Neighborhoods offer a mix of single-family homes, townhouses, and condos. For those interested in community amenities, places like Aurora Hills are worth considering due to their proximity to recreational options.

Key Takeaways

• Median Listing Price: $500,000 in May 2024
• Median Sale Price Per Sq. Ft: $245
• Median Home Sold Price: $509,700

Overall, the Aurora real estate market presents a promising investment opportunity. The combination of reasonable living costs, economic diversity, and upward market trends make it a city worth watching.

Demographics and Diversity

Aurora, Colorado, is known for its rich tapestry of cultures and ethnic backgrounds. With a diversity score of 98 out of 100, it stands as one of the most multicultural cities in the United States, reflecting a blend of ethnicities, languages, and traditions.

Population Statistics

• Aurora’s population is predominantly young, with the majority under the age of 40, promoting a vibrant community atmosphere.
• The city hosts a mix of families, professionals, and retirees, adding to its dynamic character.

Ethnic Composition

• The city is home to significant Hispanic, African American, and Asian communities. This mix is prevalent in various neighborhoods, contributing to Aurora’s status as a culturally diverse community.
• A range of festivals, restaurants, and cultural events highlight the varied heritage of its residents.

Languages Spoken

• A variety of languages are spoken, with Spanish being a notable presence in many areas.
• This linguistic diversity enriches community interactions and local businesses.

Diverse Neighborhoods

• The eastern part of the city is notably diverse, offering a unique blend of cultural experiences and opportunities for community engagement.
• Lakeshore and other neighborhoods reflect this diversity with a mix of young families and retirees.

Aurora’s demographic landscape makes it an appealing place for anyone looking to experience a multicultural urban environment.

Advantages of Investing in Aurora

Aurora, Colorado, offers some promising opportunities for real estate investors due to its strong economic and population growth. The city is part of the Denver metro area, providing easy access to a variety of job opportunities. This makes Aurora an attractive option for those considering moving to the area for work or lifestyle improvements.

The diversity of jobs in sectors like healthcare, aerospace, and defense supports economic stability. This stability helps maintain real estate demand, which can lead to appreciating property values over time. Additionally, Aurora’s housing market offers a range of properties, from single-family homes to condos, which provide different investment options for potential buyers.

Key Advantages:

• Economic Growth: Steady growth in jobs and population.
• Proximity to Denver: Easy access to major job markets.
• Diverse Housing Options: Varied property types for investments.

Aurora also benefits from a diverse job market, which attracts a diverse population. This diversity not only enriches the community but also leads to a stable rental market, appealing to investors interested in rental properties.

Recent trends indicate that areas west of 225 are evolving, offering a cheaper alternative to Denver and significant potential for future appreciation. This suggests that investors can find promising opportunities by evaluating specific neighborhood growth trends and developments.

Transportation and Accessibility

The city of Aurora offers efficient transportation options. It is well-connected to the broader Denver metro area, allowing residents easy access to various amenities and employment opportunities.

Aurora benefits from a robust public transit system. The Regional Transportation District (RTD) provides bus and light rail services, making commuting around town and to nearby Denver convenient.

Major highways such as I-225 and E-470 run through Aurora, providing quick routes to surrounding areas. These highways help reduce travel time for those commuting by car.

For those who prefer biking or walking, Aurora has numerous trails and bike lanes. These paths are excellent for short commutes or leisurely rides, promoting a healthy lifestyle while reducing traffic congestion.

Denver International Airport, one of the busiest airports in the United States, is easily accessible from Aurora. This accessibility is a major advantage for frequent travelers or businesses relying on air freight.

The combination of public transit, major highways, and bike-friendly routes makes Aurora a very accessible city. These factors contribute significantly to the growing appeal for investors looking into this area.

Frequently Asked Questions

Aurora, CO, offers diverse neighborhoods that are appealing for real estate investments, safety, and lifestyle amenities. From emerging areas with high demand for rentals to established communities with solid property values, options are plentiful.

What are the top neighborhoods in Aurora, CO, for real estate investment?

Aurora presents great opportunities in places like Tallyn’s Reach and Seven Hills. These areas have seen consistent growth and have appealing amenities for families and professionals alike.

Which Aurora, CO, neighborhoods are considered the safest for new investors?

Neighborhoods such as Saddle Rock and Piney Creek are recognized for their safety, making them ideal for new investors who seek stable communities with low crime rates.

What areas of Aurora, CO, are most attractive for young professional homebuyers?

Stapleton and Central Park attract young professionals due to modern housing, vibrant community amenities, and easy access to public transportation options.

Which Aurora, CO, neighborhoods should investors avoid due to low property values?

Some neighborhoods might offer lower property values due to underdeveloped infrastructure or high crime rates. Thorough research should be conducted before investing in East Colfax or other areas that might not promise good returns.

How does the real estate market in Aurora compare to neighboring Denver for investment prospects?

Compared to Denver, Aurora offers more affordability and diverse housing options. This makes Aurora attractive for investors seeking value for money with the potential for appreciation in property values.

What are the emerging neighborhoods in Aurora, CO, for high rental property demand?

Communities like Gateway Park are emerging as hotspots for rental demand, driven by new developments and an increasing population looking for rental housing.