Will Denver Get More Expensive.

[Erin Spradlin]

I'm interesting to see if anyone else shares my belief that Denver home prices will continue to rise. I believe these high home prices are why we see such strong demand in both Denver and Colorado Springs for house hacking and rent by the room models.

I also believe Denver (and Colorado Springs) will continue to increase in price because Denver is similar to Seattle, which now averages $760K for a single family home. While Denver is averaging at $625K for a single family home, there is still room for it to get more expensive. While Colorado Springs is not as similar as Seattle, it continues to rise in price because of the overflow from Denver.  

Similarities between Denver and Seattle:

• both very liberal
• both have a heavy tech presence (Seattle's is stronger, but Denver's is growing)
• Seattle has 3.4 million people (2020)
• Denver has 2.8 million people (2020)
• both have sought after natural attractions