Mar Lee, Denver, CO—80219
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mar Lee, Denver, CO
As of Oct '25, the median home price in Mar Lee, Denver, CO is $419,000, with a year-over-year change of -5.4%. This indicates that home prices in Mar Lee, Denver, CO are decreasing. According to Zillow, the 1-year price projection is -1.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $419,000 | -5.4% |
| Single Family | $420,000 | -5.4% |
| Condos | $234,000 | -8.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $303,000 | -5.9% |
2 Bed | $378,000 | -5.7% |
3 Bed | $435,000 | -4.8% |
4 Bed | $488,000 | -4.5% |
| 5 Bed | $532,000 | -4.1% |
% of Housing Stock
Rental Trends — Mar Lee, Denver, CO
As of July '25, Rentcast reports the average rent in Mar Lee, Denver, CO is $1,780, with a year-over-year rent change of -8.7%. Per bedroom, the median rent as of July '25 in Mar Lee, Denver, CO is studios: $1,480, 1-bedrooms: $1,090, 2-bedrooms: $1,720, 3-bedrooms: $2,620, 4-bedrooms: $2,780. The most common rental property sizes in Mar Lee, Denver, CO are 2-bedroom and 3-bedroom, accounting for 40.8% and 21.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,420 | $1,780 |
| Studio Rent | $1,120 | $1,480 |
| 1 Bed Rent | $999 | $1,090 |
| 2 Bed Rent | $1,640 | $1,720 |
| 3 Bed Rent | $2,700 | $2,620 |
| 4 Bed Rent | $2,900 | $2,780 |
% of Rental Stock
Property Listings — Mar Lee, Denver, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Mar Lee, Denver, CO is 49. This is a increase of 18.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 47.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $490,000 | 1.0% |
Listing Count | 192 | 13.0% |
| Listings as % of Homes | 0.4% | 13.0% |
Days on Market | 49 | 18.0% |
Demographics — Mar Lee, Denver, CO
As of the latest ACS Survey released in 2023, Mar Lee, Denver, CO has a population of 60,100, which has decreased by -13.1% over the past 5 years. Mar Lee, Denver, CO is a popular place for families, as children make up 26.3% of the population. The area has a poorly educated workforce, with 21.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 60,100 | -13.1% |
% Under 18 | 26.3% | -10.5% |
% Seniors | 11.0% | 17.0% |
% WFH | 10.4% | 197.1% |
% w/ College Degree | 21.9% | 44.1% |
As of the latest ACS Survey released in 2023, Mar Lee, Denver, CO is a predominantly hispanic area, with 67.4% of the population identifying as hispanic. The hispanic population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Mar Lee, Denver, CO is white, making up 25.1% of the population. Foreign-born residents account for 23.4% of the population in Mar Lee, Denver, CO, and this percentage has decreased by 15.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 25.1% | 13.1% |
% Black | 1.2% | -52.0% |
% Hispanic | 67.4% | -2.3% |
% Asian | 3.0% | -37.5% |
% Foreign Born | 23.4% | -15.5% |
Mortgage and Risk — Mar Lee, Denver, CO
According to HUD data as of 2023, there were 1023 mortgage originations in Mar Lee, Denver, CO, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Mar Lee, Denver, CO. Investor activity is low, as 4.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,023 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Mar Lee, Denver, CO
As of 2024, the percent of homes in Mar Lee, Denver, CO under the Section 8 program is 16.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Mar Lee, Denver, CO, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,884 |
Total Units Section 8 | 1,528 |
% Rentals under Section 8 | 16.3% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $661 | $999 | $1,660 |
| 2 Bedroom | $350 | $1,640 | $1,990 |
| 3 Bedroom | -$110 | $2,700 | $2,590 |
| 4 Bedroom | $10 | $2,900 | $2,910 |
Affordability — Mar Lee, Denver, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.6 |
| Median Home Price | $419,000 |
| Median Household Income | $67,300 |