Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroomSaved on this device

Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroom

Denver, CO

Housing in Denver, CO: Rent, Home Prices & Property Tax

$1,489/mo (1 bd) in Denver. Median home $570,300. Property tax 0.49%.

Compare vs Chicago Rank metros from DenverHow we figure this

Rent (1 bd): $1,489; /mo
Buy: $3,639; Mortgage, tax, insurance
Buying costs more: $2,150; /mo

State tax and rent

To buy

20% down payment$114,060
Mortgage at 6.5%$2,884
Property tax (0.49% of value)$233/mo · $2,794/yr
Insurance and upkeep$523
Monthly total$3,639

49.4% of renters spend 30% or more of income on rent. Census ACS 2023.

Months to 20% down

$2,655 left each month. About 43 months (3.6 years) to save $114,060.

Asking rent. Census median home price. 30-year fixed, 6.5%, 20% down. Not lending advice.

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