A Healthy Economy Boosts Property Rates in Aurora, Colorado
One area where Aurora has seen positive numbers is its low unemployment rate. The Denver metro area continues to see an influx of new residents relocating for good jobs and more Millennials moving to the region, which has tightened the housing market. That means landlords and property owners will continue to be able to leverage the benefits of a seller's market.
This market is projected to continue over the coming years.
Townhomes and Condos Are Big Winners
With the influx of Millennials moving to the region, the local rental market in Aurora has been robust. Condos and townhomes, in particular, have seen a boost of positive growth and that's expected to continue in the near future.
Many of the young professionals in the market are looking to be close to downtown Denver, but those with families also prefer the extra space and benefits that Aurora provides. So, property owners and landlords in Aurora who are focusing in on this target market can see positive gains over the long term.
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