Denver Housing Market at a Glance
Median Home Price
$625,000
Median Monthly Rent
$2,200
Property Tax Rate
0.51%
Avg Home Insurance
$2,100/yr
Price-to-Rent Ratio: 23.7x (Lower ratios favor buying; higher ratios favor renting)
Denver-Specific Insights
- → Colorado's relatively low property tax rate (0.51%) makes ownership costs more predictable.
- → Strong job growth and limited housing supply have driven both rents and prices up 40%+ since 2020.
Run Your Denver Scenario
Pre-filled with Denver's median data. Adjust to your situation.
Open Calculator with Denver Data →Key Factors for Denver Buyers
1. Down Payment Requirements
With Denver's median home price of $625,000, a 20% down payment is $125,000. Putting down less triggers PMI (typically 0.5–1.5% annually until you reach 20% equity).
2. Property Taxes
CO's property tax rate averages 0.51%, which translates to roughly $265.625/month on a median-priced home. This is below the national average.
3. Tax Deductions
Mortgage interest is deductible if you itemize (must exceed standard deduction: ~$14,600 single, ~$29,200 married in 2025). Combined with CO state taxes, itemizing may be worthwhile.
4. Opportunity Cost
If you rent and invest your down payment instead (e.g., S&P 500 averaging ~10% annually), you build wealth differently. The calculator models this trade-off month-by-month to find your break-even point.