Skip to content

Mountain West Real Estate Investment Market Report: Jan. 2020

Mortgage Broker vs Direct Lender. You’re in the market for an investment property and you’ve found a viable project, and your next step is securing a loan. For some, this is the most stressful step. You want to ensure your finances are in shape and examine your credit score before deciding where to apply for your loan. This used to be a simple matter of walking into a bank or credit union. Today there is a wide range of options, including mortgage brokers and direct lenders.

Find out which option is for best you

Market Activity

Denver, CO
Market Overview

Vacancy drops as unemployment remains compressed. Class A apartments continue to benefit from the high-wage jobs and Tech Center, pushing vacancy to mid-4 percent. Workforce housing also has a high demand. With firms like Robinhood and ViewRay Inc. bringing diverse jobs to the area, apartment demand should remain strong pushing development to new highs.
Source: Institutional Property Advisors

1,202
Homes Sold
$418,000
Avg. Home Price
$1,660
Median Rent
U.S Census Bureau: fourth quarter 2019
4.4%
Rental Vacancy Rate
1.4%
Homeowner Vacancy Rate
2.5%
State Unemployment Rate
Metro Area Unemployment
Boulder, CO
2.1%
Colorado Springs, CO
2.9%
Denver-Aurora-Lakewood, CO
2.4%
Fort Collins, CO
2.1%
Grand Junction, CO
2.9%
Greeley, CO
2.3%
Pueblo, CO
3.8%

Market Activity

Salt Lake City, UT
Market Overview

Population growth continues and emphasizes the need for multifamily housing. The region remains as one of the fastest-growing populations in the US, rising 1.7 percent year over year. Between a constant influx of people and graduates of local universities prone to stay, the demand for apartments keeps rising. The downtown area is still a highly popular living destination. With the leasing demand outweighing supply, the average cost of rent will likely increase. This follows a 5.3 percent lift in 2018.
Source: Institutional Property Advisors

340
Homes Sold
$395,000
Avg. Home Price
$1,253
Median Rent
U.S Census Bureau: fourth quarter 2019
4.4%
Rental Vacancy Rate
1.2%
Homeowner Vacancy Rate
2.3%
State Unemployment Rate
Metro Area Unemployment
Logan, UT-ID
1.5%
Ogden-Clearfield, UT
1.8%
Provo-Orem, UT
1.7%
Salt Lake City, UT
1.9%
St. George, UT
2.1%

Market Activity

Dallas, TX
Market Overview

Employment growth remains as a key component to the area’s apartment performance. Roughly 790,000 jobs have been added since 2012, compared to almost 150,000 units. Job creation remains strong as a variety of Fortune 500 companies begin to establish operations. Dallas/Fort Worth will lead the nation in completion this year, adding nearly 25,000 units to inventory. Construction will focus on the northern suburbs.
Source: Institutional Property Advisors

1,110
Homes Sold
$146,000
Avg. Home Price
$1,242
Median Rent
U.S Census Bureau: fourth quarter 2019
8.6%
Rental Vacancy Rate
1.6%
Homeowner Vacancy Rate
3.5%
State Unemployment Rate
Metro Area Unemployment
Abilene, TX
2.9%
Amarillo, TX
2.5%
Austin-Round Rock, TX
2.5%
Beaumont-Port Arthur, TX
5.2%
Brownsville-Harlingen, TX
5.4%
College Station-Bryan, TX
2.6%
Corpus Christi, TX
4.0%
Dallas-Fort Worth-Arlington, TX
3.0%
El Paso, TX
3.7%
Houston-Sugar Land, TX
3.6%
Killeen-Temple, TX
3.5%
Laredo, TX
3.5%
Longview, TX
3.7%
Lubbock, TX
2.6%
McAllen-Edinburg-Mission, TX
6.1%
Midland, TX
2.1%
Odessa, TX
2.9%
San Angelo, TX
2.9%
San Antonio-New Braunfels, TX
2.9%
Sherman-Denison, TX
2.9%
Texarkana, TX-AR
3.9%
Tyler, TX
3.2%
Victoria, TX
3.5%
Waco, TX
3.1%
Wichita Falls, TX
2.9%
Homes sold and average home price data is from Redfin.com. Median Rent data is from rentcafe.com.

Market Report Newsletter Signup

Signup to receive market reports by email
  • This field is for validation purposes and should be left unchanged.