With the unprecedented growth in the Denver metro area over the past couple years, it was only a matter of time before home prices in the Mile High City jumped over the $500,000 mark. According to
Hottest Housing Markets In Colorado
Wallethub.com recently released its “Best Real Estate Market Report” and it’s no surprise that several Colorado cities made the list. To compile the report, the Washington, D.C.-based financial analyst site looked at 16 metrics across three categories in 300 U.S. cities, ranging in population from fewer than 150,000 (small cities) to between 151,000 and 300,000 (midsize cities), to 301,000 or more (large cities).
Here’s a complete list of Colorado cities included in the report.
5. Fort Collins
9. Colorado Springs
The following metrics were used to compile the rankings:
Real estate market: percentage of homes underwater; average number of days until a house is sold; percentage of homes selling for a gain; median home-price appreciation; home sales turnover rate; rent-to-sale price ratio; foreclosure rate; mortgage delinquency rate; number of bank-held homes; vacancy rate; and building-permit activity.
Affordability & economic environment: housing affordability (based on price as a percentage of the area's median income); maintenance affordability (based on costs as a percentage of income); population growth rate; job growth rate; and unemployment rate.
Ray and Carla have been working as a team since 1995. Carla’s extensive knowledge of the Denver area real estate market not only includes over 35 years as a Real Estate Broker Associate but also in....
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