The high cost of housing in this city was a hot topic in 2017, but Denver is now the eighteenth-most-expensive real estate market in the country, down two places from sixteenth in December, according to Zumper. Prices for one-bedroom residences fell by nearly 3 percent, to $1,370, while two-bedrooms remain at $1,810.
According to another online apartment-rental site, Apartment List, rent prices declined .8 percent over the past month, but have increased by about 2 percent from this time last year.
An increase in rent prices, however slight, might churn your stomach, but consider the national average. "Denver's year-over-year rent growth lags the state and national averages, which both stand at 2.7 percent," according to Apartment List, which considers U.S. Census Bureau data to determine median rent statics.
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Mostly, be glad you aren't in California: The Golden State has five of the ten most expensive cities for one-bedroom rentals in the country, with San Jose, L.A. and San Diego seeing 10 percent increases in rent year over year.
Broomfield's year-over-year rent growth is the largest in the metro area, with a 5.8 percent increase. A median two-bedroom in the Denver suburb costs $1,640, a one-bedroom $1,310. That's nothing compared to Lone Tree, the most expensive of the largest cities in the metro. There the two-bedroom median is $1,930, a 1 percent decrease over the last month but a near 1 percent increase year over year.
If you're dead set on living in a suburb, consider Thornton. Denver's neighbor to the north "has seen the biggest rent drop in the metro, with a decline of 1.1 percent. Median two-bedrooms there cost $1,770, while one-bedrooms go for $1,400," according to Apartment List.
And, again, be glad you aren't in California. For many reasons.