15 Colorado Cities You Should Never Buy Property In
Colorado is a beautiful state overflowing with stunning mountains, lively cities, and so much fun outdoors. However, not every city in the Centennial State is a dream for a homeowner. Sometimes these places look great on paper, but what’s happened behind the scenes leaves much to be desired. Before you sign on any dotted lines, it’s worth taking a closer look.
If you’re an experienced investor or a first time buyer ready to put down roots, deciding where to buy your property in Colorado is no small decision. Before you call your real estate agent, we’ve put together a list of cities to save you from potential regret. Read on to see which areas leave you with more buyer’s remorse than blissful mountain views.
Aurora
Despite being one of Colorado’s largest cities, Aurora’s property market has been through better times. Crime rates and housing maintenance problems have been persistent issues, but they give you the best of both worlds: suburban comfort and city conveniences. Aging homes and lack of public investment have left some neighborhoods to bear the unexpected repair costs to buyers.
Pueblo
Pueblo has a rich history, but don’t let those enticing numbers fool you. Unemployment in the city is higher than the state average and the city is struggling economically. Also, some areas have had their health and environmental red flags raised from industrial pollution over the years.
Commerce City
Much of the area around Commerce City seems industrialized. Also, it seems appealing for its proximity to Denver, but the presence of industrial zones takes away much of its initial appeal. It hasn’t been the best spot for residential living, with issues like noise, poor air quality, and heavy traffic. The constant highway din and the buzz of nearby factories often leave potential buyers feeling stuck in the middle.
Greeley
Greeley is known for its agricultural roots and has been criticized for the air quality issues that stem in part from livestock operations and refineries. The housing market is relatively affordable, but the odours and environmental concerns can prove to be a dealbreaker for many potential residents.
Trinidad
With charm in spades, this city near the New Mexico border presents its challenges, being so isolated and offering few job opportunities. Trinidad may seem like a pretty postcard if you’re hoping for a bustling local economy or an easy commute to bigger cities.
Grand Junction
Grand Junction’s housing market has been volatile, but the desert scenery here is stunning. Because the city relies so much on the oil and gas industry, property values can swing wildly as the economy rises and falls. Many buyers find it too risky a gamble.
Lakewood
Denver is close to Lakewood, and there are plenty of places to shop and be entertained. But its housing prices are skyrocketing without the amenities to support it. This leaves many buyers wondering if they’re paying Denver prices for a neighborhood that doesn’t feel nearly as vibrant.
Alamosa
The small town charm and proximity to the Great Sand Dunes National Park make Alamosa grow in popularity as a tourist spot. Like anything else, there are challenges to buying property here: limited healthcare facilities, sparse job opportunities, and homes that often need more upkeep than you first thought.
Sterling
Nestled in northeastern Colorado, Sterling has struggled to keep up. There is a problem of aging infrastructure and a slow economy that homeowners often deal with. The peaceful rural atmosphere might appeal to some, but many buyers don’t think it’s worth the investment.
Montrose
Montrose appears a dreamy spot with its views of the San Juan Mountains. The housing market has faced criticism for pricing properties too high relative to local wages. It’s a tough market to crack, with few high-paying job opportunities.
Delta
Montrose shares Delta’s natural beauty, but it also shares problems: The economy crawls along at a snail’s pace largely due to a lack of anything exciting to do. While the cost of living may be below the state average, many residents are driving long distances to get to work, healthcare, or entertainment.
Fountain
Fountain’s proximity to Colorado Springs is appealing, but its growing population puts significant pressure on infrastructure and public services. Schools and roads are overcrowded and many neighborhoods have fallen behind the pace of the city’s growth.
Craig
Northwestern Colorado’s Craig is dependent on the energy sector. The city’s coal-focused economy has suffered as industries move toward renewable energy. The property you buy here may be a depreciating investment.
La Junta
Affordable La Junta is tempting, but its declining population and lack of amenities can be dangerous for homeowners in the long run. Many buyers find themselves drawn to better job opportunities and modern amenities that this city simply lacks.
Rifle
Rifle is close to outdoor adventures, but its remote location combined with a high cost of living can be a deterrent for home buyers. Because the town’s economy is so reliant on energy industries, the market is unpredictable and homeowners are susceptible to economic downturn.
Disclaimer: This list is solely the author’s opinion based on research and publicly available information.
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