The City of Louisville in the State of Colorado is identified as a “home rule municipality” situated in the southeastern region of Boulder County. The approximate population of the city is 22,000. This area originated as a mining community in 1877. By the 1950s, the mines within the area closed. Immediately thereafter, it switched over to a suburban-based residential area.
Since 2007, both CNN Money and the popular Money magazine have outlined Louisville as being one of the Top 100 BEST places to reside within the United States. Whether you are a real estate investor or seeking to relocate to the area, Louisville, Colorado offers many opportunities.
The City of Louisville is bordered by Lafayette, Broomfield, Superior, and Paragon Estates. The Denver-Boulder Turnpike forms the border in the southwest region of the city. Just to the southeast is the Northwest Parkway, which provides a beltway around the City of Denver. In total, Louisville consists of 8 square miles. A total of 7.9 of those square miles are land and a total of 0.12 (or, 1.35%) of the area consists of water.
In total, there are six different private schools and six public schools within the City of Louisville. Additionally, there is one public library. In Longmont and Westminster – which are in close proximity to Louisville – there are higher education facilities. These include Front Range Community College, the University of Colorado at Boulder, and Naropa University. If you are interested in investing in real estate, a focus should be on properties that are perfect for young adults and young families as the educational opportunities abound for these individuals. If you are a young adult or have a young family, this is an ideal location with a reputable school system in place.
The population averages approximately 2,225 individuals per square mile. Out of over 7,000 households in the City of Louisville, 41% of those include children that are under the age of 18. A total of 56% of the total households consist of married couples. A total of 31% are non-family households. Approximately 9% consist of female households with no husband living within the residence. A total of 5% of the homes have a person who is 65 years old or older living alone. The average size of each household is just under 3 and the average family size is just above 3. Again, this is a prime location for real estate geared toward young families and young adults. The following outlines the percentages – based on age:
- 29% – Individuals Under 18
- 6% – Individuals aged 18 to 24
- 36% – Individuals aged 25 to 44
- 23% – Individuals aged 45 to 64
- 6% – Individuals 65 and older
- The median age of all within Louisville is 36
- For per 100 females, there are nearly 99 males
By evaluating the percentage of age groups above, you can determine which investments are sound when it comes to real estate investments. Additionally, if you are looking to relocate to the City of Louisville, you can evaluate the ages of those in close proximity to your age and the ages of your family to determine if this is an ideal location to grow and raise your family. The second highest percentage of the population is 18 and under, ranking in at 29%. This means that this area is perfect for those that have children.
According to statistics, the median income for a typical household in the City of Louisville is just under $70,000. For a family, the average yearly income ranks in at approximately $92,000. The median income for males is about $57,000 and for females, approximately $37,000. Per capita – in terms of income – of the entire city is about $32,000. A total of 3% of the total population and approximately 2% of all of the families in the area have an income that places them below the poverty line. The populations most likely to live below the poverty line are children under the age of 18 and those that are 65 years old or older. There does seem to be a market for income-based housing – especially for older populations. If you are a real estate investor, this could be an option for your business. Otherwise, single-family homes are among the most popular types of real estate.
The business atmosphere in Louisville, Colorado is a highly attractive one. It includes many high-tech companies. Examples include Sierra Nevada Corporation and Rogue Wave Software. One sponsors the Space Systems and the other is a development company for software. One of the main offices of Uber is located in the area. The Lockheed Martin Corporation is also located in the area. In addition to this, the following companies are located in and around the area:
- RB Capital Inc
- Zeon Corporation
- Troppus Software
- Coalfire Systems, Inc.
- Nen Holdings, Inc.
- Fresca Foods
- MyCHELLE Dermaceuticals
- Eldorado Natural Spring Water
This is just a small list of the many business opportunities in and around Louisville. While many offer entry-level positions, others have educational pre-requisites and will attract individuals in manufacturing, engineering, and electronics. As a result, the area is attractive to those looking for job opportunities and those that are looking for a career with ample opportunity. As an investor, you may utilize the business opportunities to promote the real estate that you have or acquire. You may also use it to attract families.
Due to the large business and commercial districts in Louisville, Colorado, you may also elect to invest in real estate that is appealing to businesses and various types of industries. One of the main attractions – in terms of industries – is software and electronics. By investing in the right types of properties, you could find that you attract tenants or purchasers that own and/or operate multi-million and multi-billion-dollar companies. This is one of the ways that investors in real estate truly achieve success in and around the area.
Louisville, Colorado also has attractions and recreational events that attract people to the area. There is an historical downtown area. This includes the popular Steinbaugh Pavilion that is often used for concerts. Then, there is the Louisville Street Faire that happens on Friday nights during the summer months. This includes bands and special street vendors. During the winter months, an ice rink may be enjoyed. There is a Farmers Market that runs during the late spring, summer, and early fall months. Additionally, there are miles and miles of trails in and around the city for those that enjoy the great outdoors.
If you are looking for a place to relocate, you are sure to find that you are happy with all of the entertainment opportunities in and around Louisville. If you are an investor in real estate, you are sure to find that marketing these entertainment venues will lend to your overall success. Many people enjoy residential units that are in close proximity to attractions, recreational opportunities, and even outdoor activities that they may enjoy.
Expert Service You Can Trust
Property Management Services in Louisville
For over a decade, Pioneer Property Management has offered its expert property management services in Louisville, Colorado.
With a unique style of management that focuses on a proactive, rather than reactive approach, Pioneer has guided thousands of satisfied clients to well-maintained and cash-flowing investment properties.
Through the implementation of streamlined policies and procedures, efficient systems and software, and calculated execution, we identify issues BEFORE they become problems, maximizing your revenue, minimizing your headaches, and allowing us to maintain your property as an investment, indefinitely.