![]() Simply take your monthly income / 2.5 = how much house you can easily afford! Here is how the home prices and values stack up in the top 3 most popular cities in Colorado.Īn article by The Denver Post states that home prices in Denver’s metro area are 5 times the median household income.įor reference, the general guideline is to pay no more than 2.5 divided by your monthly income on a mortgage payment. Then, when you add the cost of rising interest rates on mortgages and the ever-increasing cost of housing means that Colorado is becoming an expensive place to live.Īnd prices are expected to continue rising in the next few years, even if the housing market has cooled off a bit recently. As such, the following cost of living prices have decreased for many towns in the state. The updated median price for a home in Colorado is now $530,389 which is still a 1.9% increase year-over-year. However, now that at the beginning of 2023, Colorado home values have actually decreased, if only slightly. How much do homes cost in Colorado? According to Zillow, the median price for a home in Colorado at the beginning of this year was $589,634 (an increase of around $50,000 in just a few months). Housing costs are the biggest main factor on why the cost of living in Colorado is so high.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |