According to a recent study released by the Denver Post, rental rates in Colorado rose more than triple that of the US average as we entered the new year. A whopping 10.2% increase ushered in average rental prices for a 2 bedroom apartment at $1,310 in Centennial, $2,920 in LODO, and $1,480 in Broomfield. Since Y2K it is estimated that rents have increased twice as fast as wages, which is obviously a huge concern for those still renting. WOW!
The high rental rates can be attributed to a significant populous increase with more people migrating to Colorado than ever before. Folks are excited to come to our beautiful state not only for the grandness of our landscapes and numerous entertaining activities, but also due to a number of factors including our ever expanding STEM job market and the constantly growing MMJ field.
So, you may be wondering ... “what is the best housing option for me?”
The best and first step for anyone considering this question, whether new to Colorado or not, is to consult a Realtor. A Realtor is someone that has their thumb on the Colorado marketplace and can help you understand the best options for you. We can show you different neighborhoods based on your desired needs and budget, we can connect you with a lender who can help you determine how much you can afford, and we can help you layout both your short and long term housing goals. When reaching out to a Realtor it is good to know that we are here to help by giving you our expertise, and this comes to you as a free service with no pressure.
If you are ready to explore your next housing option …
feel free to contact us today!
We are here to Guide Your Path to Joyful Living!
Be Sure to Check Out Our Colorado Real Estate Blog For More Useful Information!
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