Thankfully though, Boulder’s housing market is cooling off and housing prices are expected to stay relatively steady in the coming months. Using Zillow’s home value index, the average cost of a home in Boulder is $885,879. You can pay upwards of $550+ per square foot! It’s a college town by nature while also being a getaway for many of Denver’s most successful residents.īecause many out-of-state students call Boulder home as well as Denver’s elite, the housing market is out of control.
When we purchased our home in July 2018 it was valued at $272,000 and today it’s worth $324,000 - in just two years! Boulderīoulder is a picturesque place to live that has a small town feel with big city prices. In fact, the average cost of owning a home has increased by $48,000+ since early 2019. The city is becoming more popular every day and housing prices are rapidly increasing. Unlike Denver, Colorado Springs’ housing market is white hot and on the rise. Zillow states that the average cost of a home in Colorado Springs is $388,907. It’s much more affordable than Denver while still providing many of the awesome amenities the state has to offer. Colorado SpringsĪside from Denver, Colorado Springs is one of the fastest-growing cities in the state. Many people can not afford to pay the high prices for rent and mortgage every month. The good news though, is that Denver’s real estate market is cooling off due to the fact that home prices are simply becoming unaffordable. The increase in popularity and housing prices means Denver is becoming less affordable as the weeks and months go by.Īccording to Zillow, the average cost of a home in Denver is $517,766. Here is how the home prices and values stack up in the top 3 most popular cities in Colorado.Īn article by The Denver Post states that home prices in Denver’s metro area are 5 times the median household income.įor reference, the general guideline is to pay no more than 2.5 times your monthly income on a home. How much do homes cost in Colorado? According to Zillow, the median home price in Colorado is $467,818 and with spring and summer seasons, the home prices are rising once again. Housing costs are the biggest main factor on why the cost of living in Colorado is so high.
Need more tips for living in Colorado? Be sure to listen to our podcast and subscribe to future episodes for free in iTunes or Spotify. Let’s breakdown the exact cost of living in Colorado for each main category. Census, the state has grown by nearly 80,000 people since mid-2017, making the growth rate 7th in the nation.īut what is the cost of living in Colorado? Is it expensive to live here?Īs more people populate the state the demand for housing, goods, and services is bound to go up. Whether it’s for the weather, the mountains, or the culture, Colorado is one of the fastest growing states in the nation. Want to know the cost of living in Colorado? Recently, it seems like everyone wants to move to this state. The content of this website may contain affiliate links and we may be compensated (at no cost to you!). By Carrie Nicholson | Last Updated: May 24, 2021