Aurora

Denver's affordable-entry frontier with growing appeal, strong job growth, and higher cash-flow percentages than the trendy core, drawing families and workers priced out of central Denver.

Spread-out geography where condition and school zoning drive returns; some newer-supply competition. Appreciation is moderate. Denver has cooled to a more balanced market with rising inventory - underwrite for modest appreciation, and note the city's primary-residence requirement for short-term rentals.

Cash-flow buyers who want affordable metro entry and stronger yields with moderate appreciation.