According to financial website, nerdwallet.com, ten cities in Colorado
are stacking up better than others in terms of places to own a home. According to U.S. Census Bureau, Colorado saw the fifth-highest
percent increase in population of
any state between 2010 and 2013. The economy is bustling here, with the Denver
metro area expected to add another 39,000
jobs in the coming year. If
you’re considering investing in a home here, Colorado also offers a variety of programs to help buyers find their way to a new
home—especially for first-time buyers. Nerdwallet used the following criteria
to determine the ranking of the top 10 cities in the state:
Are homes available? The financial site took into consideration the
area’s homeownership rate to determine the availability of homes. A low
homeownership rate is likely a signal of competitive inventory, more options
for renters rather than buyers and expensive housing. Areas with a high
homeownership rate led to a higher overall score.
Can you afford to live there? Looking
at median monthly household income, monthly homeowner costs and median home
value to assess affordability and determine whether residents could live
comfortably in the area. Nerdwallet.com used monthly homeowner costs to measure
cost of living. Areas with high median incomes and low cost of living scored
higher. Is the area growing? Nerdwallet measured
population growth to ensure that the area is attracting new residents and
showing signs of solid growth. This is likely a signal of a robust local
economy, which is another attractive characteristic for homebuyers. Based on the
results, here are the top 10 places to live in Colorado:
Author:Carla Winter - Raymond Selix Phone: 303-523-1921 Dated: April 1st 2014 Views: 9,486 About Carla Winter -: Ray and Carla have been working as a team since 1995. Carla’s extensive knowledge of the Denver a...
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