Single-family homes are the stronger investment in Denver’s current market. The condo segment is in a correction — prices are down 5-7% year-over-year, inventory is up over 200% since 2021, and two structural headwinds aren’t going away soon: rising HOA fees (averaging $401/month statewide) and surging insurance premiums driven by hail and wildfire exposure. These increase carrying costs and compress net operating income, making it harder to cash-flow a condo even at today’s lower prices.
Single-family homes have held their value better (per DMAR, essentially flat year-over-year), have no HOA fees in most cases, and give you full control over the property without a board voting on special assessments. The tradeoff: higher entry price and you’re responsible for all maintenance. For investors who want lower entry cost and don’t mind HOA complexity, a duplex in a transitioning neighborhood beats a condo — you get the multi-family income benefit without the HOA governance risk. Talk to us about investment options in Denver.