Colorado Rockies real estate was never at the top of the heap for general valuations, but properties around Coors Field carried values 33 percent more than the rest of the metropolitan area. Prior to the opening day, which for the Rockies will fall on April 2, real estate company Truila released a report pointed out which stadiums around the nation were surrounded by the most costly real estate relative to properties in the rest of the metropolitan areas. Properties within a one-mile radius were considered as near the stadium.
In Denver, properties near Coors Field had an average property value of $439,351, according to Trulia's statistics, while the rest of the metropolitan areas carried an average value of $329,568. The 33 percent premium on properties within a mile of Coors Field was the seventh-highest of all areas surveyed by Trulia. This is in actuality a subsidiary of Seattle-based company The Zillow Group Inc., according to a feature from 9News.
It came as no surprise for most of the Denver residents that properties near Coors Field had a higher value than all other districts found within the metro. Coors Field was one of the most sought after and active real estate markets, both residentially and commercially, in the seven-county metro area.
Similarly, prices near Coors Field were higher than the median rent within a mile of the area. According to Tulia, it brought in $2,350, while the median rent in other parts of metro Denver was $2,000, for a 17.5 percent difference.
Colorado Rockies real estate properties near the stadium then came with the highest premium. According to the report, the properties in the area are 82 percent more costly than the rest of the area. The average home value, according to Trulia was $407,379, while a home within a mile was $740,106, according to a feature from Denver Business Journal.
