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Denver real estate market overview
- Average Monthly Rent: $1,967
- Home Price/Value Percentage Change: -1.00%
- Median Home Value: $567,420
- Best Time To Sell a Home: June
- Affordability Index: Low
- Days To Sell a House: 32
- Job Market: Fair
- Public School Ranking: 24
Location and weather
Denver is an outdoor-centric city with a river running right through downtown where you can always see kayakers. It is the capital of Colorado and is at the western edge of the Great Plains. East of the Front Range of the Rocky Mountains, Denver is the basecamp of Colorado's outdoor recreation.
Denver's cold season is from November to March with high temperatures below 53 degrees and lows in the low 20's. The warm season is from June to September with average high temperatures above 80 degrees and low temperatures in the low 60's.
Population, job market and cost of living
Denver's had a growth at an annual rate of 1.56% and a population of 750,130 in 2023.
The job market has decreased by -4.89% over last year. 10-year job growth is predicted to be 45.00%. Denver's economic factors are the diversified business and industries. Those include Scientific Services, Technical Services, Health Care & Social Assistance, Accommodation & Food Services, Mining, Quarrying & Oil & Gas Extraction and Agriculture.
The cost of living is high due to the Denver real estate market and higher cost of housing which is common for Colorado as a whole. With Denver's culture of outdoor recreation, gateway to all the great ski areas in Colorado, an international state-of-the-art airport, steady job growth and diversification of businesses it is poised to continue its reputation as one of the best places in the country to live.
Denver real estate market details
- Green Valley Ranch
- Hampden
- Five Points
- Downtown Denver
- River North Art District
The average monthly rent in Denver is $1,967 for an average apartment size of 839 sq. feet.
There has been a -1.0% decrease in median home value over the last year. As of 2023, the median home value is $567,420.
On average, homes in Denver sell after 32 days on the market.
The best time to sell a home for the highest valued sale is during June. For the quickest sale, homeowners should sell in June.
The affordability index in Denver is 128. This number indicates low affordability in this city.
The top ranked public schools are Polaris Elementary School, Dennison Elementary School, Challenge School, Hulstrom Options K-8 School and William (Bill) Roberts Ece-8 School. This information is based on data measuring academic performance and equity.