You certainly don’t need me to tell you that housing in Denver right now is unbelievably unattainable.
To really hit the point home though, online real estate company Zumper recently reported a not-so-awesome milestone for the Mile High housing market — median rent for a one-bedroom apartment in Denver has hit an all time high of more than $1,600.
The company began sharing renter reports back in 2015. According to Zumper’s data, the city’s median rent for a one-bedroom has hit $1,600 before (a few times in 2019), but it’s never gone over that benchmark until last month, which touted a 15% jump compared to September 2020.
This data point makes Denver the most expensive city in the metro area for one-bedroom apartments. In terms of where Denver ranks in the bigger picture, it falls above the national average according to an August report from RENTCafé. At the time of that report, data indicated that the average Denver rent was $1,824 and the average apartment size was only 841 square feet.
That same RENTCafé report also found that LoDo was the priciest Denver neighborhood for renters; Barnum was the most affordable; and that 51% of Denver households are occupied by renters.
[Denverite; Axios Denver]
👉 What you can do: Read the full RENTCafé report. (Sneak peek: Boulder’s average rent at the time of the report was $2,171! 🤯)
☀️ If you’re dreading the cold, enjoy today’s sunny 62-degree temps, because tomorrow is forecast to get quite chilly ❄️
— Peyton Garcia, (@peytonmgarcia)