Despite Affordability Issues Denver Other Colorado Cities Still Favorable For FirstTime Buyers

Dated: 07/24/2018

Views: 172

Image title

It’s not often you hear the word “favorable” associated with Denver’s real estate market unless maybe you’re a seller or a home builder. But according to a recent report from NerdWallet, Denver and several metro-area cities were ranked high on a new list of favorable housing markets for first-time homebuyers.

If you examine the criteria used by WalletHub it’s easier to see why Denver would rank #7 among large cities (population of 300,000 and up) and # 51 overall on the personal-finance website’s list.

According to NerdWallet, three main categories were considered in compiling the rankings: Affordability, real estate market and quality of life. Within each of those categories were subsets, and those were given points that were added up to give each city a final score.

Needless to say, Colorado cities that ranked high relied heavily on the quality-of-life score to counterbalance low affordability scores.

The top-ranked Colorado city was Centennial, which came in at #3. The city ranked 114th in affordability, 51st in the real estate market category, and seventh in quality of life. Its total score was 64.74, compared to the #1 city Broken Arrow, Oklahoma, at 67.09.

In the overall list, several other Colorado cities were ranked in the Top 30. Numbers are as follows: Ranking, total score, affordability rank, real estate market rank and quality of life rank.

#6, Thornton, 64.69, 122, 40, 3

#17, Arvada, 63.37, 147, 25, 6

#20, Greeley, 62.95, 110, 69, 4

#23, Longmont, 62.61, 150, 31, 8

#25, Fort Collins, 62.54, 156, 63, 1

#27, Colorado Springs, 61.9, 84, 57, 67

#28, Westminster, 61.89, 124, 53, 18


Ready to start checking out properties in some of Denver’s most favorable areas? Give Metrowest a shout today – we’d love to show you around!

Blog author image

Brent Sena

Brent was born and raised in Colorado and enjoys all that the state has to offer. Brent is a graduate of Metropolitan State University of Denver, where he received a BS in Business Management. After ....

Latest Blog Posts

9 Best Burbs For Buyers

Even though a recent study determined that home affordability in Denver was the second-worst in the country, promising new data shows that buyers who expand into nine different suburbs outside the

Read More

Is The Denvers Hot Housing Market Showing Signs Of Cooling

According to the August Denver Metro Real Estate Market Trends Report, the red-hot housing market in the metro area is showing signs of cooling, which is a bit of positive news for would-be buyers

Read More

Where Are Denver Homes Selling Fastest

Anyone who’s on the hunt for a house in the Mile High City will tell you the market here is competitive. Though prices are on the rise and inventory numbers are on the low side, homes in certain

Read More

Despite Affordability Issues Denver Other Colorado Cities Still Favorable For FirstTime Buyers

It’s not often you hear the word “favorable” associated with Denver’s real estate market unless maybe you’re a seller or a home builder. But according to a recent report from NerdWallet,

Read More