Other than San Francisco, San Diego, Los Angeles, and Miami, it’s pretty much cheaper to live elsewhere.
Talk to anyone looking to buy a place to live in Denver and they will tell you about their struggle. Real estate is too expensive for most people, the bidding wars have been raging, and while there are slight signs of a slowdown in the market, prices are still higher than ever.
In fact, Denver just ranked as the fifth least affordable real estate market in the United States. That’s according to an April report from Ojo Labs, an Austin-based real estate company.
In March, the median sale price for a home in Denver was $564,990 (compare that to $520,000 in the New York City area). That was 23.2% higher than the previous year, according to the report.
San Francisco was the least affordable city, with a median home price of $1.3 million.
The only other cities that were more affordable last month than Denver, according to the report, were San Diego, Los Angeles and Miami.
If Denver home prices are too high for you, you can consider moving to Green Bay-Appleton, Wisconsin, where the median home price is $150,000; Buffalo, New York, valued at $165,000; and the Cleveland-Akron metro area in Ohio, with a value of $176,000.
Committed to Colorado? Maybe move to Colorado Springs, where the average price was $435,000.