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.
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.
Keep Westword Free... Since we started Westword, it has been defined as the free, independent voice of Denver, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Denver with no paywalls.