Colorado might be known for its snow-capped mountains, but the housing market right now is red hot. People from across the country and around the world are flocking to the Centennial State for its natural beauty, healthy job market, and inviting atmosphere. Colorado is an easy place to love, but if you’re planning on moving here, it helps to get the inside scoop before you arrive.
Get Ready to Start Working
Colorado unemployment rate: 3.2%
National unemployment rate: 4.9%
Finding a job can be a struggle in many parts of the country, but the residents of Colorado currently enjoy one of the lowest unemployment rates in the United States. The state has been growing a lot recently, and so has its labor market. Cities like Denver are attracting the most talent, but cities all across Colorado need qualified workers. If you arrive in the state ready to go to work, then it shouldn’t be long until you find what you’re looking for. This is one of the major reasons why everyone is moving to Colorado.
Stretch Tour Legs Out
The residents of Colorado are an active people. One look at the state’s natural beauty is all the explanation necessary. From city parks to mountain peaks, an entire lifetime isn’t long enough to experience all of the natural beauty Colorado has to offer. Add in beautiful weather and you can see why Colorado ranks as one of the most active states in the country and Denver ranks as one of the most active cities.
Prepare for Dry Weather
Colorado average yearly rainfall: 15.9 Inches
United States average yearly rainfall: 37.1 Inches
When all you see of Colorado are pictures of its greenery it’s easy to assume that it rains all the time. But in reality, Colorado is one of the driest states in the country. It ranks 44th in terms of yearly rainfall with almost two feet less rain per year than the national average. So put your umbrellas away and get ready to make sure your plants are properly watered when summer comes around.
Give Yourself Time to Adjust
Anyone moving to Colorado, specifically to Denver needs to remember that it’s called the Mile High City for a reason. You might have heard the name before, but only people who have lived at that sort of elevation truly understand what it means. The altitude and thin air both take some getting used to, so everyone who visits Denver should pace themselves. If you start moving or drinking alcohol too quickly, you can end up out of commission. Drinking plenty of water, relaxing, and avoiding alcohol and caffeine will help you to acclimate properly. It can be hard holding back when you first arrive in a city like Denver, but you’ll be thankful you did in the long run.
Start Learning About Beer
Total number of craft breweries in Colorado: 154
Population per brewery: 32,657
New arrivals should lay off the alcohol, but after your body has adjusted it’s time to check out the local brewing scene. You might already enjoy cracking open a cold one after a hard day of work, but beer-lovers in Colorado are on a whole different level. Colorado has the third highest number of craft breweries in the nation. In Colorado beer isn’t just something that comes in a can, it’s something crafted by artisans. But don’t worry if you don’t know anything about beer, the best way to learn is by getting out there and enjoying it. With over a hundred and fifty breweries across the state, it isn’t hard to find someone willing to offer you a cold drink and an explanation why it’s the best in the state. Of course, you’ll have to visit a few different locations before you can decide for yourself which brew truly stands above the rest.
Check out the Local Sports Teams
Colorado is home to some great sports teams with even better fans. Even if you aren’t a big sports fan, you’ll find that attending one of the local games is a great way to plug in with your new community. In Denver, there’s something for everyone thanks to the fact that they have teams in every major American sports league. There’s the Denver Broncos for football, Colorado Denver Nuggets for basketball, Colorado Rockies for baseball, Colorado Avalanche for hockey, and the Colorado Rapids for soccer. Beyond the major teams, you can find countless smaller professional, semi-pro, and student teams across Colorado. If you like athletic action, you’ll never have to look for to find it in Colorado.
Start Looking for a House or Apartment Now
Median home value: $344,500
One-year appreciation: 7.3%
Five-year appreciation: 61.9%
In many of America’s cities home ownership can feel like unattainable, but in Colorado, the American dream is still alive and well. Home prices are very reasonable. But don’t let this fact lull you into a false sense of security. As more and more people learn about everything, Colorado has to offer home prices are going to start rising at steeper rates. Colorado’s prices are already rising at a faster rate than the national average, going up 7.3% in 2017 compared to the national rate of 6.5%. When it comes to investing in Colorado real estate the best time to buy was yesterday but the second best time is today.
This doesn’t only apply to buying a home, Denver and many of the other hot markets in Colorado are very competitive when it comes to renting. It’s advised to start the apartment search as soon as possible if you want to ensure you want a great place to live! If you want to live in an apartment with fantastic view of the city and mountains, right next to one of the best parks/lakes in Denver, check out our apartments at X@Sloans.