Denver, CO home values, income, and owner costs

The local figures answer the first question: In Denver, CO, the 2024 ACS reports a median owner-occupied home value of $616,000, median household income of $94,718, and median selected monthly owner costs of $2,466 for owners with a mortgage. For borrower planning, together, those three reference points may help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $2,466 measure combines recurring ownership expenses in place of real estate taxes alone. A useful affordability review starts with $616,000, $94,718, and $2,466, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.

Denver, CO's $616,000 median home-value estimate is above the statewide $539,400 estimate, with a reported city-to-state gap of 14.2%. For borrower planning, that 14.2% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Denver, CO. It does not mean every local property is 14.2% away from a comparable property elsewhere in the state, because the medians reflect different housing mixes and geographies. A borrower can apply $616,000 and $539,400 to decide which assumptions need local replacement first, then compare actual properties and current financing disclosures on the same basis.