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North of downtown would be 28th and blake area and around there; it's still strictly urban but coming along nicely. Also, parts of five points which some will tell you is crime ridden but is way past that old 60s-70s reputation and on the rehab side of the market. also the housing area just south of the UCD/metro campus is an area I would invest in if I could, it's mixed low to middle income now and has to go up because of real estate pressures in the area.
Going west from downtown on 20th or 38th you pass through the valley which is railroads and condos that I mentioned, up the hill to "Highlands".
I like capital hill, a lot, there are some very wonderful older homes and neighborhoods there, and work there, but did not buy a house there due to concerns about walking freedom for my adult handicapped daughter and crime. The general rule is, the more rental/short term housing in an area, the more potential crime. the Piton foundation has a terrific site on Denver neighborhoods and schools.
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