Located near the Colorado University campus, The Hill is home to college students & families alike. Read what this Boulder, CO neighborhood has to offer!
The Hill, located in Boulder, Colorado, is an area of town located just west of the Colorado University campus. This is a lively neighborhood full of people, activities, and some truly beautiful homes. Families take note: moving here may be an excellent investment in your children’s future.
Boulder’s The Hill Neighborhood Overview
The Hill is a neighborhood that surrounds its central artery, 13th Street, and expands around the university area. If you enjoy the college nightlife, this is certainly a great place to look for real estate.
The close proximity to Colorado University is a great draw for new residents of The Hill. They enjoy the food, shopping, retail opportunities, and arts events that are inherent in any college town. The Fox Theater, one of the area’s oldest and most prolific concert venues, is another big draw for new home-buyers.
But don’t think The Hill is all about parties and late-night gatherings–this is a neighborhood that has plenty of residential areas for families. If you’re more of a quiet type, you’ll find The Hill to be just as pleasant for you as it is for those who like to go out for a night on the town.
Market Trends of The Hill
The Hill may just be the best place for families to move to in the Boulder area. Right now, vacancy rates are down and rental rates are cruising upwards. So if you have a child that may want to attend Colorado University, you could save a lot of money. How? You’ll pay much less in mortgage expenses than you would with renting your college student an apartment.
The market trend information for the last quarter isn’t incredibly telling, unfortunately. It’s based on only six total sales, which skews the numbers a bit. But, for the sake of disclosure, the median sales price for a home is currently $762,000, an increase of almost 95% from the previous quarter. This gigantic hike is presumably due to the fact that the homes sold recently were luxury properties.
To give you a bit more perspective, there are currently 15 homes for sale in the area, the average listing price of which is $389,000, a much more affordable number.
If you’re looking to move to an exciting area, and especially if you have a family, you should take the time to peruse The Hill’s listings–it’s a beautiful neighborhood with great opportunities for fun.