The Housing Market In Colorado Is Booming

 

It will help if you reside in Colorado for numerous reasons, as the state offers an all-season climate while featuring the rugged landscape and desert towns. Most people are shifting to Colorado due to its laid-back lifestyle, business opportunities, and endless outdoor opportunities.

If you're moving out of the Midwest or are from a coastal state, These are some of the most desirable areas in Colorado to reside and take in the state's renowned beauty and peaceful lifestyle. The cities we studied were analyzed by collecting data from the past about critical factors that affect lifestyles like the median price for homes, individual income per capita as well as crime and unemployment levels.

Pueblo

Population 112,368

Median home price $399,900

Costs for the estimated monthly fee $6,428

Income average $42,902

Rate of unemployment 5.4%

Community Wellness Score 48/100

Criminal offences reported 2,079

Pueblo is one of Colorado's most inexpensive midsize towns. It is a city that offers southwestern tradition and plenty of sun. Downtown, the Riverwalk is an exciting mix of eateries, shops, and other events. The town's leading companies are Colorado State University-Pueblo and Parkview Medical Center.

The high desert climate protects the inhabitants from harsh winter storms that impact most of the state. The annual snowfall average is about 32 inches; however, this is smaller than northern cities such as Denver and Fort Collins, which can be expected to get approximately 50 inches of snow annually.

Durango

Population 19,223

Median home price $874,000

Costs for the estimated monthly fee $7,187

Income average $65,424

Rate of unemployment 2.9%

Community Wellness Score 65/100

Crimes that are reported as criminal 350

Durango is one of the top places to live in Colorado. Suppose you are looking for the convenience of skiing slopes and trout fishing trails to hike and bike. It is also a great place to live if you can benefit from the advantages of living in small towns, which can help retired people and families.

The city is also one of the most influential cities in the southwestern region of Colorado, where tourism is the principal sector. But, the city is a high living expense because of its attractive mountain location.

Boulder

Population 104,175

Median home price $809,319

Costs for the estimated monthly fees $9,073

Income average $72,279

Rate of unemployment 2.6%

Community Wellness Score 74/100

Crimes that are reported as criminal 1,101

You can enjoy all the benefits of life in Boulder. The college town, with a population of around 100,000, has an active community, numerous tech-related employment options, accessibility to outdoor pursuits and a strong emphasis on a holistic lifestyle.

The city is home to almost everything you could need The big city of Denver is just 40 minutes away if you wish to participate in sporting and concert events or take a flight from an international airport.

Boulder is an ideal city that is ideal for professional workers who are looking for an exceptional quality of life. However, it's one of the most expensive locations in Colorado.

Greeley

Population 109,323

Median home price $544,500

Monthly estimated expenses $7,655

Income average $57,537

Rate of unemployment 3.6%

Community Wellness Score 58/100

Crimes that are reported as criminal 1,632

Greeley is one of the most desirable places to reside in Colorado with families since Greeley is one of the most affordable neighborhoods located on the Front Range. You can find yourself in Denver in less than an hour or get to Fort Collins in 45 minutes.

Northern Colorado University and a revived downtown district are two significant reasons to live in Greeley. Food manufacturing, agribusiness as well as education are increasing the economic potential of Greeley as well.

There are numerous occasions to get outdoors -- whether cycling or hiking along the 21 miles of Poudre River Trail or exploring nearby Rocky Mountain National Park. In winter, there are many indoor water parks where you can dip in the indoor waterpark to escape the frigid winter air.

Grand Junction

Population 66,964

Median home price $478,500

Costs for the estimated monthly fee $7,007

Income average $54,570

Rate of unemployment 3.6%

Community Wellness Score 54/100

Criminal offences reported 1,133

Living in Grand Junction allows you to experience Colorado wine country and the heart of Grand Junction, located on the Western Slope. Grand Junction is one of the more accessible cities to purchase an apartment in because you're farther from Colorado's major cities. Grand Junction also offers its local outdoor attractions.

Colorado National Monument and Grand Mesa are in the town's backyard. Accessing the most popular ski areas like Aspen, Telluride or Vail in around two hours is possible.

The fields of education and health are the two most significant job sectors. However, work in the private sector also has various distant work options.

Colorado Springs

Population 483,956

Median home price $525,500

Monthly estimated expenses $7,346

Income average $67,719

Rate of unemployment 3.6%

Community Wellness Score 60/100

Criminal offences reported 6,221

Many choose to move to Colorado Springs for its breathtaking beauty and avoid the bustle of Denver, which is just one hour away. "The Springs," as some people in the area call the town, is also more affordable and has a lower level than Denver, making it more friendly for families.

The world's top athletes who train in the Olympic and Paralympic Training Center nickname Colorado Springs "Olympic City USA." The city is located just a mile over sea level. And the very thin air is an ideal training location.

In addition, only a few kinds of businesses require a permit for business compared to other Coloradoan cities. This is beneficial for entrepreneurs. Numerous large corporations operate in the tech, defence, and tourism industries.

Denver

Population 711,463

Median home price $637,000

Costs for the estimated monthly fee $8,501

Income average $72,661

Rate of unemployment 3.3%

Community Wellness Score 70/100

Crimes that are reported as criminal 12,029

A central hub for economic activity in the Mountain West, Denver offers plenty of high-paying job opportunities and many amenities for big cities, such as public transportation, bustling nightlife, and professional sports facilities.

You can access the best of Colorado's natural attractions and ski resorts via The Mile High City within four hours or less. Living in Denver can become a bit costly. However, the Aurora suburb is significantly less expensive and is located just 30 minutes away from downtown.

Fort Collins

Population 168,538

Median home price $629,950

Monthly estimated expenses $8,119

Income average $70,528

Rate of unemployment 2.8%

Community Wellness Score 64/100

Criminal offences reported 3,996

The title of the city that is least known in Colorado may be given to Fort Collins, which offers an impressive economy and an excellent quality of life for young and old. The city's population has been multiplying in recent years, and the town can offer excellent services while striving to preserve the small-town feel.

In fact, For instance, thirty miles of bike trails are well-maintained for you to ride around the city anytime throughout the time of the year. In addition, Colorado State University provides numerous sports and cultural opportunities for residents. A further standout feature is that many believe Fort Collins to be the "craft beer capital of Colorado." Fort Collins competes for having the highest number of breweries per capita in the U.S.