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In the seven-county metro area, single-family homes hit a record median sale price of $615,000, a 20% increase from February 2021, according to the February report from the Colorado Association of Realtors (CAR).
It is an excellent way to get into real estate investment as the costs to get started are very low in comparison to other types of investments. You should always keep land investment in mind when purchasing Colorado real estate.
All of the major statistical categories are pointing towards the market slowing down, noted realtor Andrew Abrams, who chairs the Denver Metro Area Realtors Market Trends Committee, in the groups market trends report.
Buying an acre of land in Colorado costs $12,397 on average based on the asking price of 453,019 acres for sale.
The average cost of living in Colorado is about 7% higher than in the average U.S. city. So its a little expensive to live in Coloradoespecially if you pick a big city like Denver or Colorado Springs.

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Cost of Living in Colorado Cost of livingOne personFamily of 4🏨 Rent Utilities$1305$2239🍽️ Food$560$1451🚐 Transport$86.1$228💳 Monthly salary after tax$44503 more rows
In order to live comfortably here and be able to afford all your expenses (including purchasing a home), you will have to earn more than $100,200 dollars per year.
There are currently 28,882 homes for sale in Colorado. The median list price in Colorado is $580,000 and the average price per square foot is $254.
Real Estate and Housing Renting in Colorado is also high, with most individuals paying around $1,360 for a one-bedroom apartment and $2,501 for a house. In the most expensive areas, you should expect to spend up to $2,100 for a one-bedroom apartment monthly.
The cost of living in Colorado is 4% higher than the national average. Housing is 15% higher than the national average, while utilities are 11% lower.

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