DENVER (CBS4) – Millennials who are house hunting in Denver might struggle to find something for a while. A new Bloomberg report finds many homes are priced out of reach for typical buyers.

In Denver house hunters need to earn an average of more than $42,000 to afford the average priced home. The current median income for that age group is about $39,000.

Denver is one of 13 cities on the list of those in which millennials median income is below what’s typically required to afford a home.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s