As a first time home buyer, you may think you’ve only got a handful of financing options to choose from when selecting your first property. However, there are actually several options to choose
Top Ten Colorado Cities For Homeownership
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:
3. The Pinery
4. Pueblo West
6. Dakota Ridge
7. Castle Rock
8. Commerce City
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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