Denver, CO
Denver County · Pop. 711,463
Ranked #166 of 243 cities
32Crisis
Median Home Price
🏠$560K
2.0% YoY
Median Rent
🔑$1,800
1.5% YoY
Median Income
💰$78K
Rent Burden
📊31.0%
% of income to rent
Income to Buy
🏦$161K
annual income needed
Income to Rent
📝$72K
annual income needed
Price-to-Income
⚖️7.2x
Homeownership
🏡50.0%
Rent vs. Buy
Buy
$2,981/mo
Est. mortgage (7%, 20% down)
Need $161K/yr income
Rent
$1,800/mo
Median rent
Need $72K/yr income
How Denver Compares
| Metric | Denver | Colorado | National |
|---|---|---|---|
| Home Price | $560K | $550K | $410K |
| Rent | $1,800 | $1,771 | $1,500 |
| Income | $78K | $93K | $75K |
| Rent Burden | 31.0% | 33.8% | 30.0% |
Key Takeaways
- • Home prices in Denver are 37% higher than the national average.
- • Rent is 20% higher than the national average.
- • You need an income of $161K to comfortably buy a home here.
- • The homeownership rate is 50.0%, compared to 65.0% nationally.