Introduction

Investing in rental properties can be a lucrative endeavor if done correctly. A good rental property offers a combination of affordability, high demand, and potential for appreciation. The location of a rental property is one of the most critical factors in determining its success. Jefferson County, CO, with its diverse neighborhoods and attractive amenities, provides a compelling case for real estate investors. This guide will explore the best neighborhoods in Jefferson County, grading each on convenience, tourist attractions, things to do, average home prices, return on investment, proximity to work-related travel, and the unique 'x-factor' that sets them apart.

Best Neighborhoods and Areas in Jefferson County, CO

1. Golden

Grades:

• Convenience: A
• Tourist Attractions: A+
• Things to Do: A+
• Average Home Prices: B
• Return on Investment: A
• Proximity to Work-Related Travel: B+
• X-Factor: A+

Convenience: Golden boasts excellent convenience with easy access to major highways like I-70 and US-6, connecting residents to Denver and the Rocky Mountains. The presence of local shops, restaurants, and services adds to its appeal.

Tourist Attractions: Golden is home to the famous Coors Brewery and the Colorado School of Mines. Outdoor enthusiasts flock to Golden Gate Canyon State Park and Clear Creek for hiking, fishing, and kayaking.

Things to Do: The vibrant downtown offers a mix of cultural attractions, shopping, and dining. The Golden History Museum, Astor House, and a variety of festivals keep residents and visitors entertained.

Average Home Prices: The average home price in Golden is relatively high due to its desirable location and amenities, but the potential for appreciation and rental income is strong.

Return on Investment: Golden’s strong demand for rental properties, driven by students, professionals, and tourists, ensures a solid return on investment.

Proximity to Work-Related Travel: Golden’s proximity to Denver provides good access to hospitals, convention centers, and sports venues, although it requires a short commute.

X-Factor: Golden's unique charm lies in its blend of historical significance, educational institutions, and outdoor activities, making it a top choice for renters.

2. Lakewood

Grades:

• Convenience: A+
• Tourist Attractions: B+
• Things to Do: A
• Average Home Prices: B+
• Return on Investment: A
• Proximity to Work-Related Travel: A
• X-Factor: A

Convenience: Lakewood offers excellent convenience with multiple public transportation options, including light rail service to Denver. The city is well-planned with numerous shopping centers, schools, and parks.

Tourist Attractions: Lakewood features attractions like the Lakewood Heritage Center and Bear Creek Lake Park. While not as tourist-heavy as Golden, it still offers plenty to see and do.

Things to Do: From outdoor activities at Bear Creek Lake Park to cultural experiences at the Lakewood Cultural Center, there’s always something happening in Lakewood.

Average Home Prices: Home prices in Lakewood are moderate compared to Golden, making it an attractive option for investors seeking affordability and good returns.

Return on Investment: With a strong rental market and consistent demand, Lakewood offers promising returns on investment.

Proximity to Work-Related Travel: Lakewood’s proximity to Denver and its well-connected transportation network make it ideal for those needing access to hospitals, convention centers, and sports venues.

X-Factor: Lakewood’s x-factor is its balance between urban amenities and suburban tranquility, appealing to a wide range of renters.

3. Arvada

Grades:

• Convenience: A
• Tourist Attractions: B
• Things to Do: B+
• Average Home Prices: B+
• Return on Investment: B+
• Proximity to Work-Related Travel: A-
• X-Factor: B+

Convenience: Arvada offers good convenience with easy access to highways and public transport, facilitating travel to Denver and surrounding areas.

Tourist Attractions: Arvada features historic sites like the Arvada Flour Mill and various parks, though it’s less tourist-centric compared to Golden.

Things to Do: Arvada’s Olde Town district provides shopping, dining, and entertainment options. Parks and recreation centers offer plenty of outdoor activities.

Average Home Prices: Home prices in Arvada are relatively affordable, making it a good entry point for investors.

Return on Investment: Arvada has a stable rental market, ensuring reliable returns for investors.

Proximity to Work-Related Travel: Arvada’s proximity to Denver and accessibility to major highways make it convenient for work-related travel.

X-Factor: Arvada’s charm lies in its historic downtown and community-focused amenities, offering a quaint yet connected living experience.

4. Wheat Ridge

Grades:

• Convenience: B+
• Tourist Attractions: B
• Things to Do: B+
• Average Home Prices: A
• Return on Investment: A-
• Proximity to Work-Related Travel: B+
• X-Factor: B

Convenience: Wheat Ridge offers good convenience with access to major roads and public transportation, though not as robust as Lakewood or Golden.

Tourist Attractions: The city has a few attractions, such as the Wheat Ridge Historic Park, but it’s more residential than tourist-focused.

Things to Do: With numerous parks, recreational facilities, and local events, Wheat Ridge provides plenty of activities for residents.

Average Home Prices: Wheat Ridge has more affordable home prices, making it an attractive option for investors looking for lower entry costs.

Return on Investment: The combination of affordable home prices and a steady rental market promises good returns on investment.

Proximity to Work-Related Travel: Wheat Ridge is reasonably close to Denver, offering convenient access to work-related travel needs.

X-Factor: Wheat Ridge’s appeal lies in its suburban feel with close proximity to urban amenities, catering to families and professionals alike.

5. Evergreen

Grades:

• Convenience: B
• Tourist Attractions: A
• Things to Do: A
• Average Home Prices: C
• Return on Investment: B
• Proximity to Work-Related Travel: C+
• X-Factor: A+

Convenience: Evergreen offers a more secluded living experience, with essential services available but less convenient access to urban centers.

Tourist Attractions: Known for its stunning natural beauty, Evergreen attracts tourists to places like Evergreen Lake and Mount Evans.

Things to Do: Outdoor activities dominate in Evergreen, with hiking, fishing, and skiing opportunities aplenty.

Average Home Prices: Home prices in Evergreen are higher due to its desirable location and scenic views, posing a higher entry cost for investors.

Return on Investment: While the rental market is strong, the higher home prices can impact the return on investment.

Proximity to Work-Related Travel: Evergreen is further from Denver, making work-related travel less convenient compared to other areas.

X-Factor: Evergreen’s x-factor is its breathtaking natural surroundings and tranquil lifestyle, making it a unique and desirable place to live.

Conclusion

Jefferson County, CO, offers a diverse array of neighborhoods, each with its own strengths and unique characteristics. From the bustling, historic charm of Golden to the suburban tranquility of Wheat Ridge, investors have a variety of options to choose from. Evaluating each area based on convenience, tourist attractions, things to do, average home prices, return on investment, proximity to work-related travel, and the elusive x-factor can help investors make informed decisions and unlock the full potential of their rental property investments.