Why Live in Denver
Denver's vibrant cultural scene centers around the iconic Red Rocks Amphitheatre, where residents enjoy outdoor concerts against a backdrop of dramatic rock formations. The RiNo Art District buzzes with colorful street murals, craft breweries, and independent shops, while the historic Larimer Square features Victorian architecture and upscale boutiques. The Denver Art Museum showcases world-class Indigenous art collections in its striking building, and the restored Union Station serves as both a transportation hub and social gathering space.
The Denver housing market includes approximately 3,900 homes for sale, ranging from $225,000 to $3,450,000. The median sale price stands at $580,000. Single-family homes in Washington Park command a median price of $2,075,000, while Highland homes have a median price of $995,000. Cherry Creek features townhouses with a median price of $1,425,000. Lower Downtown attracts condo buyers, with one-bedroom units at a median price of $490,000 and two-bedroom units at $785,000.
Denver's cost of living runs 9.1% above the national average. A family with school-age children needs an annual salary of $114,000 to live comfortably, while renters should aim for $63,000. The property tax rate of 0.44% compares favorably to nearby Boulder at 0.54%. The city maintains excellent public schools, including the A+ rated Cherry Creek High School and the A-rated East High School. Transportation options include the RTD light rail system connecting downtown to the suburbs and Denver International Airport, plus 85 miles of urban trails for cycling. Major universities include the University of Colorado Denver and the University of Denver. The city experiences 300+ days of sunshine annually, with mild winters and warm summers at its mile-high elevation.
Frequently Asked Questions
What is the average home price in Denver, CO?
Homes for sale in Denver, CO have an average home price of $778,036.
How many homes have sold over the last 12 months in Denver, CO?
10,382 homes have sold in Denver, CO over the last 12 months.
Is Denver, CO a safe city?
What are the most popular zip codes in Denver, CO?
What are the most popular neighborhoods in Denver, CO?
How much do you need to make to afford a house in Denver?
The median home price in Denver is $599,000. If you put a 20% down payment of $119,800 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $3,100 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $133K a year to afford the median home price in Denver.
How are the schools in Denver, CO?
Home Trends in Denver, CO
On average, homes in Denver, CO sell after 50 days on the market compared to the national average of 50 days. The median sale price for homes in Denver, CO over the last 12 months is $579,000, up 1% from the median home sale price over the previous 12 months.
Median Sale Price
$579,000
Median Single Family Sale Price
$685,000
Median Townhouse Sale Price
$525,000
Median 2 Bedroom Sale Price
$345,000
Median 1 Bedroom Sale Price
$280,000
Average Price Per Sq Ft
$401
Number of Homes for Sale
3,849
Last 12 months Home Sales
10,382
Median List Price
$599,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
1%
