A glimpse into Mile High: Denver, Colorado is on the rise – fast and steady. It boasts a surging economy, a robust job market, and a desirable quality of life. That’s why it’s not a surprise that this beautiful city on the high plains near the Rockies landed on the second spot in World Population Review’s 10 Most Livable Cities in the United States for 2024.

The Mile High City, as Denver, CO is affectionately called, owes its nickname to its official elevation which is exactly one mile above sea level. Situated in the Mountain West region, Denver graces the South Platte River Valley on the western edge of the high plains, just east of the Front Range of the Rocky Mountains. The city’s downtown district is strategically positioned to the east, where the Cherry Creek and the South Platte River meet, approximately 12 miles east of the Rocky Mountain foothills.

Population

A consolidated city and county, Denver has a population of approximately 713,000 (as of the 2022 U.S. Census) that has grown significantly in the past decade and continues to grow. It has become the 19th most populous city in the United States, the fifth most populous state capital, and the largest city in the Centennial State.

A large section of this population is composed of young, educated professionals eager to start their careers in Denver. If you’re a degree holder in your 20s or 30s and eager to socialize with those of your age, then the Mile High City may just be the place for you.

Historical highlights: It all began with the glint of gold

Denver’s history is a captivating tale that traces its roots back to the heady days of the Gold Rush, evolving into the vibrant city it is today.

• 1858: The Pike’s Peak Gold Rush brought a surge of fortune-seekers to the region, establishing the bustling mining camp on the banks of the South Platte River.
• 1870: After the Gold Rush frenzy, Denver transformed into a vital stop along the transcontinental railroad, solidifying its role as a pivotal link between the East and the Western frontier. The city also diversified its industries, moving beyond its reliance on mining and agriculture, and urban development in the region flourished.
• Mid-20th century: The aerospace, technology, and energy industries grew, contributing to the city’s economic resilience. Additionally, Denver’s cultural scene blossomed with the establishment of renowned institutions like the Denver Art Museum and the Denver Performing Arts Complex, gaining its reputation as a cultural hub in the region.

Today, the Mile High City seamlessly blends its frontier roots with a contemporary vibrancy, offering residents and visitors a unique blend of history, culture, and opportunity. It has grown into one of the most livable cities in the country, according to World Population Review.

HOUSING AND NEIGHBORHOODS IN DENVER

If you’re interested in living in Denver, CO, it matters to understand trends in the local real estate market as this could very well influence your decision-making.

The good news is, the real estate market in Denver, CO has remained robust in the past years, characterized by steady demand and a diverse range of properties. From the downtown area to the borders, the numerous housing options seamlessly integrate urban and suburban lifestyles while staying connected to Denver’s dynamic pulse.

Real estate market scene

Realtor.com reports that as of December 2023, homes in Denver, CO were being sold at a median price of $530,000. The market is currently favoring both buyers and sellers as the housing inventory has been able to catch up with the demand. This follows months of steady upticks and the surge of new construction adding to the housing stock.

On the upper end of the market spectrum, properties in Denver may go as high as $32 million.
With the vast employment opportunities in Denver, many people from out of the city or state come to work here. This explains the almost equal number of homeowners and renters living in the city.

To learn more about what to expect from Denver, Colorado’s exciting real estate market, you may want to consider talking to reliable real estate agents who could help you better understand the numbers.

Housing options

As mentioned earlier, Denver, CO does not disappoint when it comes to diversity in its housing stock. Property types go the entire range from affordable mobile homes to grand estates.

However, dominating the Denver, CO housing scene are single-family homes, condos, townhomes, and apartments.

• Single-family homes: Denver’s neighborhoods feature a mix of historic and contemporary residences. From charming bungalows in areas like Washington Park to luxurious abodes in Stapleton, these property types accommodate families, professionals, and individuals seeking a suburban feel.
• Condos: Condos provide a blend of convenience and affordability, especially in Downtown Denver and surrounding areas. Ideal for those who desire a central location with access to urban amenities, condos often offer amenities such as fitness centers and rooftop decks.
• Townhomes: More affordable than single-family homes and usually found in communities with shared amenities, townhomes are found in many neighborhoods of Denver – nestled among the trendy dining spots and bars of LoDo or near schools and parks in Washington Park.
• Apartments: Modern apartment complexes are scattered throughout Denver’s urban core, providing convenient amenities. Apartments are popular among investors who would like to cater to the population of young professionals in the city.

Popular neighborhoods

Given its land area of around 155 miles (larger than the national median city size of around 120 miles), Denver has as many as 195 constituent neighborhoods, each one offering its distinct charm. Here are some of the more popular communities in the city.

• LoDo (Lower Downtown): LoDo, Denver’s historic heartbeat, offers an enticing blend of historic charm and modern vibrancy. With easy access to Union Station and major transportation hubs, this urban gem is perfect for those seeking a dynamic city lifestyle. Its strategic location provides quick access to I-25, enhancing connectivity for both work and play.
• Highland (LoHi): Across the river from Downtown, Highland’s eclectic atmosphere is complemented by picturesque city views. Boasting proximity to I-25, this neighborhood effortlessly blends historic and contemporary living. Residents enjoy easy commuting options while relishing in the neighborhood’s cultural and culinary offerings.
• Cherry Creek: Cherry Creek’s reputation for upscale living is underscored by luxury shopping, dining, and cultural experiences. Strategically located with access to major highways like I-25 and Speer Boulevard, this neighborhood epitomizes sophisticated urban living while offering convenient transportation links.
• Capitol Hill, Denver’s cultural nexus, is centrally situated with easy access to Downtown and major highways. Residents appreciate its historic charm and diverse community, making it an ideal choice for those seeking a balanced blend of heritage and modern conveniences.
• Washington Park: This haven for outdoor enthusiasts combines recreational opportunities with serene green spaces. Its central location near I-25 ensures quick access to Downtown, appealing to those who value an active lifestyle within reach of the city’s amenities.
• River North Art District: From vibrant street art installations to eclectic galleries, RiNo is a haven for art enthusiasts and a dynamic neighborhood pulsating with creativity. You will find converted warehouses housing trendy restaurants, boutique shops, and collaborative workspaces.
• Five Points: Rich in cultural history, this neighborhood is undergoing a vibrant revitalization. With easy access to major highways like I-25 and I-70, Five Points attracts artists, entrepreneurs, and professionals seeking a unique character and community spirit.
• Littleton: Nestled on the outskirts of Denver, Littleton captivates with its picturesque charm and contemporary allure. Residents enjoy walking down streets lined with local boutiques and a variety of food spots serving diverse dining options. Littleton exudes a sense of small-town community, offering a tranquil escape from the city bustle.

THINGS TO KNOW ABOUT LIVING IN DENVER, CO

The Mile High City offers a unique blend of urban sophistication, outdoor adventure, and a vibrant community spirit. Denverites are known for their friendly demeanor and an active, outdoor-centric lifestyle. The city’s welcoming atmosphere fosters a sense of community, with residents often engaging in outdoor activities, community events, and neighborhood gatherings.

Climate

The city’s semi-arid climate means low humidity and, while temperatures can vary, the city enjoys over 300 days of sunshine annually. If you’re an outdoor enthusiast, living in Denver, CO allows you to explore the numerous parks, hiking trails, and recreational areas throughout the year.

Economy and cost of living

Denver’s economy is propelled by its diverse workforce, with a powerful presence in the technology, healthcare, finance, and energy sectors. The city attracts professionals in fields such as aerospace, renewable energy, and outdoor recreation. The tech scene, in particular, has seen significant growth, contributing to Denver’s status as a hub for innovation.

The cost of living in Denver, CO is 31% above the national average, primarily driven by housing costs. While housing prices can be relatively high, factors like a strong job market, moderate utility costs, and a competitive consumer market balance the overall cost of living.

Excellent schools

For families with school-age children and young adults, Denver boasts a top-notch education system, from K-12 schools to renowned universities and colleges. Families living in Denver, CO have access to a variety of educational options and the city’s commitment to education contributes to its dynamic and forward-thinking atmosphere.

For K-12, Denver Public Schools is the largest school district in Colorado, serving over 90,000 students across various neighborhood schools, magnet programs, and charter schools. Meanwhile, the Cherry Creek School District covers a significant portion of the southeast suburbs.

College students in Denver may choose from a selection of colleges and universities in and around the city for quality education.

• Established in 1864, the University of Denver (DU) is one of the oldest private universities in the region.
• Regis University, a private Jesuit institution, is committed to holistic education and social justice.
• The University of Colorado Denver (CU Denver) is a public research university located in Downtown Denver.
• Metropolitan State University of Denver (MSU Denver) is an accessible and affordable public university with a strong emphasis on inclusivity and diversity.
• Community College of Denver (CCD) serves as a gateway to higher education for many Denver residents.

Parks and outdoor recreation

From sprawling parks and bustling commercial areas to world-class entertainment venues and thrilling outdoor activities, Denver offers a lifestyle that caters to all preferences.

• City Park: Boasting 330 acres, City Park is Denver’s urban oasis, with attractions like the Denver Museum of Nature & Science and the Denver Zoo.
• Washington Park (Wash Park): Wash Park is a favorite among locals, featuring two large lakes, meticulously landscaped gardens, and ample recreation options.
• Cherry Creek State Park: Nestled in the southeast suburbs, Cherry Creek State Park offers a reservoir for water activities, extensive trails, and a marina. It’s a great destination for boating, camping, hiking, and birdwatching, providing a serene escape just minutes from the city.
• Cherry Creek Shopping Center: Indulge in luxury retail therapy at Cherry Creek Shopping Center. This upscale mall houses designer boutiques, high-end brands, and a variety of dining options, creating a premier shopping experience.
• 16th Street Mall: A pedestrian-friendly promenade, the 16th Street Mall is lined with shops, restaurants, and entertainment venues. Free shuttle buses traverse the mile-long stretch, offering convenient access to all the mall has to offer.
• RiNo Art District: Denver’s RiNo Art District is a dynamic blend of art galleries, craft breweries, and eclectic boutiques.
• A geological marvel, Red Rocks Amphitheatre is a world-renowned outdoor venue that plays host to concerts, yoga sessions, and film screenings, providing a unique and unforgettable entertainment experience.
• As the second-largest performing arts complex in the nation, Denver Performing Arts Complex hosts Broadway shows, ballets, operas, and concerts.
• Sports enthusiasts can cheer for the Denver Broncos at Mile High Stadium or catch the Denver Nuggets or Colorado Avalanche in action at the Ball Arena. These iconic venues contribute to Denver’s vibrant sports culture.
• Skiing and Snowboarding: With world-class ski resorts a short drive away, Denver is a gateway to winter sports. Breckenridge, Vail, and Aspen are among the many destinations where residents can indulge in skiing and snowboarding during the winter months.
• Golfing: Denver’s mild weather allows golf aficionados to indulge in their passion regardless of the season. Colorado’s stunning terrain, stretching from the expansive plains east of Denver to the snow-capped peaks in the west, provides an ideal canvas for spectacular golf courses.
• Biking trails: Denver is a bike-friendly city with an extensive network of trails, including the Cherry Creek Bike Path and the South Platte River Trail. Cyclists can explore the city and its outskirts, enjoying scenic routes and connectivity.
• Rocky Mountain National Park: Just a scenic drive from Denver, The Rockies offer hiking, wildlife viewing, and breathtaking landscapes. Trail Ridge Road, the highest continuous paved road in the United States, provides access to this alpine wonder.

Getting around

Denver has a well-developed highway system, with I-25 and I-70 serving as major arteries. These highways provide easy access to both the city center and the mountain regions.

The Regional Transportation District (RTD) operates buses and light rail services, offering convenient public transit options. The city is continually working on expanding and improving public transportation.

Annual events and festivals

An iconic event, the National Western Stock Show and Rodeo celebrates Colorado’s Western heritage with rodeos, livestock shows, and a vibrant Western trade show, attracting visitors from near and far.

Denver’s craft beer scene takes center stage at the Great American Beer Festival. This annual event showcases various craft brews, drawing beer enthusiasts to savor the best of Colorado’s brewing culture.

Tourist attractions

A symbol of Colorado’s history, the State Capitol offers guided tours that take visitors to the top of the dome for panoramic views of Denver. The building’s golden dome is a prominent feature in the cityscape.

The Denver Art Museum boasts a vast collection of Native American, Western American, and contemporary art. Its unique architecture, including the iconic Hamilton Building, adds to the allure of this cultural gem.

Escape into a lush oasis at the Denver Botanic Gardens. Featuring themed gardens, conservatories, and outdoor art installations, it offers a serene retreat for nature lovers.

A historic transportation hub, the Denver Union Station has been revitalized into a bustling center with shops, restaurants, and a luxurious hotel. It’s a blend of modern amenities and historic charm.

Denver’s gold standard in healthcare

In 2023, Denver achieved the Gold Medal Award from CityHealth.org, a recognition of the city’s commitment to implementing evidence-based policies that promote health and well-being. That said, the Mile High City is leading the way in making high-quality medical services easily accessible, with exceptional hospitals and state-of-the-art clinics. Among them are

• University of Colorado Hospital (UCH): A leading academic medical center that’s consistently ranked among the best hospitals nationally.
• Children’s Hospital Colorado is recognized for its excellence in pediatric care.
• Rose Medical Center: Situated in the heart of Denver, this facility is a general medical and surgical hospital known for its comprehensive women’s services, cardiovascular care, and Level II Trauma Center.
• Mental Health Center of Denver: This facility is dedicated to enhancing mental health and well-being, providing a range of services, including counseling, therapy, and community programs.

As a city that treasures its four-legged residents, excellent pet-care facilities aren’t hard to find either. The VCA Alameda East Veterinary Hospital is a renowned establishment providing comprehensive veterinary services, including emergency care, surgery, and specialized treatments.

LIVE IT UP IN THE MILE HIGH CITY

Let Usaj Realty make life in Denver, Colorado a reality for you. As a locally owned boutique firm in Downtown Denver and the Vail Valley, this team of real estate experts specializes in residential real estate sales with a passionate and local touch. Opting for Usaj means choosing industry-leading, committed brokers dedicated to your real estate success.