Business

Denver Millennial Renters Have U.S.'s Worst Chance to Buy a Home

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ESTIMATED YEARS NEEDED TO SAVE FOR 20 PERCENT DOWN PAYMENT

Number 20: Miami, Florida
20 years or more: 50.5 percent
10-20 years: 18.1 percent
5-10 years: 17.1 percent
Less than 5 years: 14.3 percent

Number 19: Philadelphia, Pennsylvania
20 years or more: 59.8 percent
10-20 years: 17.1 percent
5-10 years: 8.5 percent
Less than 5 years: 14.5 percent

Number 18: Orlando, Florida
20 years or more: 60.8 percent
10-20 years: 13.5 percent
5-10 years: 12.2 percent
Less than 5 years: 13.5 percent

Number 17: Chicago, Illinois
20 years or more: 62.8 percent
10-20 years: 6.6 percent
5-10 years: 14.6 percent
Less than 5 years: 16.1 percent

Number 16: Charlotte, North Carolina
20 years or more: 62.9 percent
10-20 years: 9.7 percent
5-10 years: 14.5 percent
Less than 5 years: 12.9 percent

Number 15: New York, New York
20 years or more: 63.0 percent
10-20 years: 10.9 percent
5-10 years: 11.4 percent
Less than 5 years: 14.7 percent

Number 14: Houston, Texas
20 years or more: 64.5 percent
10-20 years: 7.5 percent
5-10 years: 9.7 percent
Less than 5 years: 18.3 percent

Number 13: Portland, Oregon
20 years or more: 66.7 percent
10-20 years: 14.8 percent
5-10 years: 16.7 percent
Less than 5 years: 1.9 percent

Number 12: Minneapolis, Minnesota
20 years or more: 67.4 percent
10-20 years: 16.3 percent
5-10 years: 12.8 percent
Less than 5 years: 3.5 percent

Number 11: Dallas, Texas
20 years or more: 67.7 percent
10-20 years: 15.0 percent
5-10 years: 11.3 percent
Less than 5 years: 6.0 percent

Number 10: Atlanta,Georgia
20 years or more: 68.0 percent
10-20 years: 13.4 percent
5-10 years: 10.3 percent
Less than 5 years: 8.2 percent

Number 9: Los Angeles, California
20 years or more: 69.0 percent
10-20 years: 14.2 percent
5-10 years: 9.1 percent
Less than 5 years: 7.6 percent

Number 8: Washington, D.C.
20 years or more: 70.7 percent
10-20 years: 6.4 percent
5-10 years: 8.6 percent
Less than 5 years: 14.3 percent

Number 7: Phoenix, Arizona
20 years or more: 71.1 percent
10-20 years: 11.1 percent
5-10 years: 8.9 percent
Less than 5 years: 8.9 percent

Number 6: Seattle, Washington
20 years or more: 73.8 percent
10-20 years: 4.8 percent
5-10 years: 7.1 percent
Less than 5 years: 14.3 percent

Number 5: Boston, Massachusetts
20 years or more: 75.0 percent
10-20 years: 13.4 percent
5-10 years: 6.3 percent
Less than 5 years: 5.4 percent

Number 4: Austin, Texas
20 years or more: 77.3 percent
10-20 years: 9.1 percent
5-10 years: 1.5 percent
Less than 5 years: 12.1 percent

Number 3: San Diego, California
20 years or more: 79.5 percent
10-20 years: 8.4 percent
5-10 years: 4.8 percent
Less than 5 years: 7.2 percent

Number 2: San Francisco, California
20 years or more: 82.3 percent
10-20 years: 9.7 percent
5-10 years: 1.6 percent
Less than 5 years: 6.5 percent

Number 1: Denver, Colorado
20 years or more: 83.3 percent
10-20 years: 9.7 percent
5-10 years: 2.8 percent
Less than 5 years: 4.2 percent
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Michael Roberts has written for Westword since October 1990, serving stints as music editor and media columnist. He currently covers everything from breaking news and politics to sports and stories that defy categorization.
Contact: Michael Roberts