Photos: Ten most expensive cities to buy a house, including Denver
More photos below.
Denver has a reputation for being affordable. But is that changing? The financial site HSH.com has come up with a list of the salary you must earn to buy a median-priced house in 27 cities across the country and Denver finishes among the ten most expensive -- although it could be worse.
Look below to count down the photo-illustrated top (or maybe we should say bottom) ten, featuring HSH.com data and text -- and click to check out the original post.
Number 10: Miami
Average home price: $259,000
Average monthly payment: $1,393.80
Salary required to purchase a median-priced home: $59,734.23
The weather during the first quarter of 2014 was pretty untenable in the Northeast and Midwest. Luckily for the residents of the Miami metro area, not only was the weather warm and sunny, the housing markets continued to improve as well. Over the last year, home prices in the Miami metro have been trending upward like its sister-cities Tampa and Orlando. Florida has a long way to go, but it's getting there.
Number 9: Denver
Average home price: $288,400
Average monthly payment: $1,397.49
Salary required to purchase a median-priced home: $59,892.46
Denver has been known over the past few years as a stable housing market--one that never rose too fast or fell too hard. But that stability is beginning to be replaced by fast-moving seller's market. Quickly rising home prices are prompting more sellers to list their homes. And why not, Denver-area Realtors are reporting that their homes are some of the fastest selling homes in the nation.
Continue to keep counting down the ten most expensive cities to buy a house.Next Page