The housing market in Denver, CO is thriving. The median value of a home in Denver is currently $576,000, which is considerably higher than the US median of $338,100. The US house appreciation rate over the past year was 8.27%, while Denver has seen an even higher appreciation rate of 7.86%. This means that those who own or invest in real estate in Denver are seeing great returns on their investments. It looks like this trend is set to continue as demand for homes in Denver remains high.
The median home cost in Denver is $576,000. Home appreciation the last 10 years has been 159.2%. Home Appreciation in Denver is up 12.8%.
Average Age of Homes
- The median age of Denver real estate is 50 years old
The Rental Market in Denver
- Renters make up 46.9% of the Denver population
- 2.4% of houses and apartments in Denver, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.