Watch CBS News

Study: Denver Unaffordable For Home Renters & Buyers

DENVER (CBS4) - A new study shows Denver is unaffordable for both renters and buyers.

The Mile High City was one of only five metro areas included in the list.

Zillow says the results are not surprising considering Denver had the highest year-over-year home value appreciation.

The study found it's tough for renters as well. They can expect to pay 35 percent of their monthly income on rent. Historically they spent 23 percent.

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.