According to a recent report from the Denver Metro Association of Realtors (DMAR), Denver metro home inventory is up 7 percent from last month, and more than 16 percent year over year. That’s
Whats Affordable In Denver Part 1
With a robust job market, fantastic weather, and no shortage of fun and exciting activities, it’s no wonder people are flocking to Denver in a hurry.
If you’re on the hunt for a home here, you’re probably aware of rising prices and lower inventories, but there are still affordable areas in Denver that should be on your watch list. In this two-part series we’ll give you the rundown of the neighborhoods in Denver that will give you the best bang for your buck.
The report comes from MLS listing service, Movoto.com.
#1 - Commerce City
Median household income: $63,555
Median home value: $187,800
Great for those on a budget looking to commute
Not only is the cost of living low compared to most of the other cities on this list
Home to the Dick’s Sporting Goods Park, the soccer stadium where the Colorado Rapids play.
#2 - Thornton
Median household income: $64,525
Median home value: $208,300
10 miles northeast of downtown Denver
81 city parks, 80 miles of trails, and over 2,000 acres of public green space.
#3 – Westminster
Income spent on rent: 29.1 percent
Median household income: $64,884
Ranked the 24th best place to live in America by Money magazine
9 miles northwest of the city
#4 – Northglenn
Income spent on rent: 31 percent
Median home value: $183,600
Close to Denver, but has small-town feel
Median income is around $53,000, but the lower home prices help to make up for that
26 parks and 28 miles of trails spread throughout the city
#5 – Aurora
Median household income: $50,987
Median home value: $176,500
Largest affordable Denver suburb on
Ideal for those wanting a “big city” life on a budget
Are you ready to start the home search in Denver? Contact Metrowest today – we’d love to work with you!
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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