Ready to Make Your Move?Monthly Mortgage Payments for the Typical Home
The affordability of housing is on everyone’s mind. We already know that first-time buyers are struggling to compete with investors and cash buyers. How expensive is it to purchase a home? Let’s take a look at the past year and how affordability now compares to one year ago.
Below are median monthly mortgage payments now versus one year ago. This takes into account mortgage rates and home prices.
| Adams County
Now: $1,584 Arapahoe County Now: $1,813 Boulder County Now: $2,530 Broomfield County Now: $2,124 Home prices rose by 12.3% from a year earlier. The monthly mortgage payment is higher by $176. Denver County Now: $1,976 Home prices rose by 12.3% from a year earlier. The monthly mortgage payment is higher by $164. |
Douglas County
Now: $2,310 Jefferson County Now: $2,037 Home prices rose by 12.3% from a year earlier. The monthly mortgage payment is higher by $169. Larimer County Now: $1,791 Home prices rose by 9.4% from a year earlier. The monthly mortgage payment is higher by $106. Weld County Now: $1,583 Home prices rose by 10.1% from a year earlier. The monthly mortgage payment is higher by $102. |
Source: NAR Calculations, NATIONAL ASSOCIATION OF REALTORS®, County Median Home Prices and Monthly Mortgage Payment
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