It is an incredible time to own a rental property in Metro Denver area. I read an article from The Colorado Division of Housing and Genesis Exteriors Inc. that covered an incredible amount of data concerning why it is such a great time to own a rental property in Metro Denver. Below is a very small part of what I read.
The overall vacancy rate for the metro area for the first quarter of 2011 was 1.4 percent, down from 2.0 percent for the fourth quarter of 2010. It was 3.1 percent in the first quarter of 2010, 3.6 percent for the first quarter of 2009, 2.7 percent for the first quarter of 2008, 4.2 for the first quarter of 2007, 4.9 for the first quarter of 2006, and 7.3 percent for the first quarter of 2005.
This information was referring to housing units with one to four units including single-family, condominium, townhome, duplex, triplex and fourplex units.
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