One of the more colorful and interesting Denver neighborhoods is Five Points. Located northeast of Denver and bordered on five sides because its boundaries are a result of a collision between the diagonal grid of downtown Denver and the horizontal grid of east Denver, Five Points is named for its boundaries. This Denver real estate has been called the Harlem of the West due to its long jazz history and predominance of African American residents. Five Points jazz history is steeped in stories of famous jazz musicians like Duke Ellington, Billie Holiday and Myles Davis having stopped by for a jam or two over the years.
In the past the Five Points neighborhood unlike other Denver neighborhoods has had the reputation of being a rough and tumble neighborhood plagued by crime usually with a basis in East Denver. It has been believed that drug dealing, prostitution and gang related crime has been a staple of an underground economy. Whether earned or not, this reputation in the past has diminished the desirability of these Denver homes and has caused people to shy away from this area in favor of other Denver neighborhoods leaving this Denver real estate to flounder in obscurity. These stereotypes may have been fostered as a result of Five Point's large minority population in the past, a population that no longer exists. Many former residents left for other Denver neighborhoods and suburbs as rent prices increased and Denver real estate values went up. Five Points is no longer a wholly African American community albeit it is home to the Black American West Museum and sponsors and hosts the annual Juneteenth festival.
With the advent of light rail connecting Five Points to other Denver neighborhoods including downtown, the area is increasingly becoming gentrified and the population has become more diverse. Now Denver real estate investors are seeing the possibilities in Five Points becoming a quirky interesting area attracting many different types of people looking to make their Denver homes here. While some think Five Point's unique culture is disappearing with the broadening of the population, others are maintaining the neighborhoods charm by renovating with history in mind.
With this rapid gentrification, you will find many of these Denver homes being restored to their former beauty as Denver Victorians undergo massive restoration while new expensive loft complexes are being constructed throughout the neighborhood. Five Points is becoming very valuable to the Denver real estate market and has become one of the more desirable of Denver neighborhoods, and may be one of the most prudent Denver investment properties areas available.