My colleague Lon Welsh points out that homes located within two miles of the T-Rex (southeast) light rail line have appreciated at 4% on average over the past two years, while the overall market has struggled to hold values and many outlying areas have lost value.
The expansion of Denver's light rail system over the next few years is a subject investor clients ask me about all the time. The build out of our light rail system will eventually include nine "spokes" coming out of Union Station in Denver, with lines running up US-36, north into Broomfield, northeast into Thornton, east to DIA, south to Aurora and Castle Rock, southwest to Littleton, west to Golden and an 11.2 mile corridor from Union Station to Ward Road in west Arvada.
Easy transportation to downtown jobs, museums and sports venues will greatly improve quality of life for residents in outlying areas over the next 10 years. And this will be reflected in home prices.
To see a map of all current and proposed light rail lines, click HERE