Denver metro population

Population Density by Place 6 People per square mile excluding waters. This section compares all 10 of those to each other. Total Population by County 7. Scope: population of selected counties in the Denver Area.

Population Density by County 8 People per square mile excluding waters. This section compares all 25 of those to each other. Total Population by County Subdivision 9. Scope: population of selected county subdivisions in the Denver Area. Population Density by County Subdivision 10 People per square mile excluding waters. This section compares the Denver Area to all of the metro areas in Colorado.

Total Population by Metro Area Scope: population of the Denver Area and selected other metro areas in Colorado.

Population Density by Metro Area 12 People per square mile excluding waters. This section compares the Denver Area to the 50 most populous metro areas in the West. According to the DMAR Market Trends Committee, the supply-demand balance is expected to remain stable for the rest of the year due to the relative scarcity of inventories. Prices are expected to rise further in due to a severe shortage of inventory.

In every price range of attached and detached properties, the Denver metro area remains a seller's market. It indicates that home prices increased by Growth has accelerated to Although these stats are more extreme in metro Denver high demand continues to outstrip inventory across the Colorado housing market.

It has increased the difficulty of finding a home to call your home. There are more buyers than there are houses, resulting in a seller's market that continues to drive prices up. This trend is largely driven by low interest rates. DMAR's August report indicates a slowing of inventory growth while still providing an opportunity for burnt-out buyers to re-enter the market as seasonality takes hold in the area.

Metropolitan Statistical Area MSA reports show housing market statistics that focus on the Denver metro region with a relatively high population density at its core and close economic ties throughout the area. Here are the numbers for July compared with July Historically, the change in inventory from July to August has been relatively consistent. Months of inventory fell from 0. That means if no one put a property on the market for 19 days, there would be nothing to sell in the entire Denver Metro area.

While August's month-end active inventory is historically low, this month's report revealed plenty of opportunities. In the Denver Metro area, there have been 5. With new listings and closed properties, detached homes had a good month in August. However, new listings fell The good news in the detached market is that pending sales increased by 8. The attached market beat to a different beat, with new listings down The number of closed sales increased slightly from 49 to 52, resulting in a slight increase in sales volume.

The effect of lower mortgage rates for buyers is being evened out by the rate of real estate appreciation. Because of the high prices and frenetic pace of the current market, many would-be homeowners are debating whether or not to jump into the purchasing game. It has been more than a year since the pandemic shook the world. The rate of appreciation has doubled since then. Low mortgage rates help but don't eliminate, the risk that the housing market could still face an affordability crunch if home prices continue to rise at a rapid pace.

If the home prices continue to rise at this rate, many buyers would be priced out of the market. And the average interest rate on a year mortgage was around 2. Now, assume that builders and sellers had met buyer demand, keeping prices flat over the year. Not only Denver but the entire Colorado housing market is a hotspot to buy and sell real estate. Due to the surge in demand for homes, average prices for properties have increased in most regions throughout the state. Colorado Springs is in the strongest seller's market that we have ever seen.

Low inventory and ever-soaring prices continue to impact affordability. Homes in Colorado Springs, CO sold for 1. The sale-to-List Price Ratio was Denver has a track record of being one of the best long-term real estate investments in the U. Let us look at the home price appreciation trends recorded by Zillow over the past few years. Denver's strong economy gives buyers the ability to spend more on housing, consequently increasing real estate prices. Home values rose so much over the past six or seven years that affordability became an issue for a person earning the median income in this area.

This was up less than three percent from , but up almost 90 percent from ZHVI represents the whole housing stock and not just the homes that list or sell in a given month. Home values have gone up Zillow Buyer-Seller Index BSI shows that Denver is currently the seller's real estate market which means that demand is exceeding the supply, giving sellers an advantage over buyers in price negotiations.

There are fewer homes for sale than there are active buyers in the marketplace. Similar growth has been recorded by NeighborhoodScout. This amounts to an annual real estate appreciation of 7.

During the latest twelve months alone, the Denver appreciation rate has been at nearly 5. If it remains steady, the annualized rate of appreciation becomes 8. The forecast for is that the shortage of supply and an increase in the demand for housing from new homebuyers will push the prices higher in the next twelve months. If mortgage rates remain low, it will continue to bolster the home buying activity and pull the home prices up.

For sellers, now is the opportune time to put their Denver home up for sale. The pricing of homes is trending higher and is more attractive for sellers in the current phase. The chart below, created by Zillow, shows the growth of median home values since and their forecast until June In conclusion, we can say that these numbers can be positive or negative depending on which side of the fence you are — Buyer or Seller?

Low mortgage rates can only help buyers if prices remain flat this year. Otherwise, their monthly payments will increase with increasing rates. In a balanced real estate market, it would take about six months for the supply to dwindle to zero. In terms of months of supply, Denver can become a buyer's real estate market if the supply increases to more than six months of inventory. Months Supply of Inventory in the metro Denver housing market has dropped to 0.

Less inventory means home sellers have more power. Therefore, in the long term, the Metro Denver real estate market remains strong and skewed to sellers, due to a persistent imbalance in supply and demand. Nationally, the houisng market is breaking all the records despite the COVID pandemic and the real estate sector has been one of the most resilient areas of the economy during the severe economic shutdown.

Real estate market forecasts given in this article are just an educated guess and should not be considered financial advice. Many variables could potentially impact the value of a home in Denver in or or any other market such as big changes in the distressed, new-construction, or luxury home segments. There are also a wide variety of economic and political factors that can and do impact real estate markets. Most of these variables are difficult to predict in advance.

Should you consider Denver real estate investment? Many real estate investors have asked themselves if buying a property in Denver is a good investment? You need to drill deeper into local trends if you want to know what the market holds for real estate investors and buyers in Denver is ranked as the country's 16th-most walkable city, with , residents.

It has some public transportation and is very bikeable. Downtown is the most walkable neighborhood in Denver with a Walk Score of As per Neigborhoodscout. Other types of housing that are prevalent in Denver include large apartment complexes, duplexes, rowhouses, and homes converted to apartments.

Denver ranked 13th for overall real estate investment and development, according to some 3, industry professionals surveyed and interviewed by the Urban Land Institute and PwC. Survey respondents viewed Denver's housing market even more favorably, collectively ranking it ninth overall. Of greater importance to real estate investors in Denver is that the area is growing in population.

The jobs are increasing and so are the number of renters. It is the largest and capital city of Colorado, home to roughly , people.

The Denver metropolitan area is home to around 2. The population has increased by 1. The Denver-Aurora, Colorado statistical area is home to about three and a half million people. It has a low unemployment rate of 2. Bureau of Labor Statistics. Earlier in the year, gold prospectors arrived from Kansas and established Montana City along the South Platte River, which later became the city of Denver.

This first settlement was abandoned by in favor of Auraria and nearby St. Charles City. General William Larimer, a land speculator, staked a claim on the bluff overlooking the river across the creek from Auraria in , naming the town site Denver City in an attempt to curry favor with Kansas Territorial Governor James W. Denver, although he didn't realize the governor had already resigned. Parcels of land were sold to miners and merchants, and Denver City became a frontier town with an economy centered on livestock, saloons, and gambling.

By , the Colorado Territory was created, followed by Arapahoe County and the incorporation of Denver City a week later. Denver City became the Territorial Capital 6 years later, and its name was shortened to Denver given its importance. Denver was finally linked to the rest of the country by railway in , and its population grew as millionaires and those in poverty both made the city their home.

Between and , the population increased While its growth has slowed, it has continued to grow in both importance and size through the 20th and 21st century.

The non-English language spoken by the largest group is Spanish, which is spoken by The race least likely to be in poverty in Denver is Islander, with 6. The poverty rate among those that worked full-time for the past 12 months was 2. Among those working part-time, it was The age group where males are most likely to be married is , while the female age group most likely to be married is Non citizens include legal permanent residents green card holders , international students, temporary workers, humanitarian migrants, and illegal immigrants.

Born in Denver. Of those not born in the United States, the largest percentage are from Latin America. Denver, Colorado Population , Denver Population Growth Denver has led Colorado in population growth for four years in a row, according to the Census Bureau.

Adams County. The current population of Denver, Colorado is , based on our projections of the latest US Census estimates. The US Census estimates the population at , The last official US Census in recorded the population at , Denver, Colorado Population Show Sources. Year Population Growth Growth Rate 3,, 35, 1.

Denver Metro Area Population by Year. Race Population Percentage White , Denver Population by Race. Show Source. Denver Median Age Denver Age Dependency Denver Sex Ratio Female , Male , Denver Population by Age. Rate of Home Ownership.