Mortgage Affordability Calculator for Denver, CO
Updated 2026 · Local data pre-filled
In Denver, the median household income is $85,200 per year, while the median home costs $565,000. The price-to-income ratio is 6.6x — a stretch in this competitive market. Use this calculator to determine what you can comfortably afford based on your income.
✓ Calculator below is pre-filled with Denver local data
How Denver Compares to the National Average
Understanding how Denver stacks up helps you calibrate your financial planning.
| Metric | Denver, CO | US Average | Difference |
|---|---|---|---|
| Median Home Price | $565,000 | $420,800 | +34.3% |
| Median Monthly Rent | $1,395 | $1,713 | -18.6% |
| Median Household Income | $85,200 | $74,580 | +14.2% |
| Property Tax Rate | 0.55% | 1.10% | -50.0% |
| Cost of Living Index | 121 | 100 | +21.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Denver Financial Snapshot
- Population (Metro)
- 2,930,000
- Unemployment
- 3.3%
- Avg Commute
- 26 min
- Median Age
- 36.6
- Price-to-Rent Ratio
- 33.8x
- Annual Property Tax
- $3,108
Mortgage Affordability Calculator in Other Colorado Cities
Frequently Asked Questions — Denver
What is the median home price in Denver, CO?
The median home price in Denver is $565,000 as of 2025–2026. This is above the national median of $420,800.
What is the average rent in Denver?
Median monthly rent in Denver is $1,395. That works out to $16,740/year, or 20% of the median household income — within the commonly recommended 30% of income guideline.
Is Denver affordable?
Denver's cost of living index is 121 vs. the national average of 100. With a median household income of $85,200/year and a median home price of $565,000, the price-to-income ratio is 6.6x. This makes homeownership a significant stretch for the typical Denver household.
What is the property tax rate in Denver?
The effective property tax rate in Denver is 0.55% of assessed value. On the median home of $565,000, that's roughly $3,108/year ($259/month).