Home values in Denver grew more quickly than anywhere else in the country for ten straight months.
According to Zillow, home values in Denver have appreciated 15.5 percent over the past year, to a median estimated value of $318,000. REColorado, the local MLS, indicates that the median single family home value is $364,000 as of December 31, 2015.
The total home value in Denver grew more than $39 billion to $347 billion, up more than 12 percent over the past year.
Across the nation, home values in the largest 35 markets have increased only 3.9 percent over the past year through November.
Zillow’s tracking of rent prices shows that annual rent increases in Denver have slowed to a single-digit growth rate, down to a 9.7 percent annual increase.
Denver renters paid $5.8 billion in 2015.
Meet the Alaris Team to find out about our deep investment in this unique city, and be sure to follow us on Facebook, we will keep you up-to-date on the real estate trends and news.
