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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
One Year Ago: $1,453Home prices rose by 12.3% from a year earlier. The monthly mortgage payment is higher by $131.


Arapahoe County

Now: $1,813
One Year Ago: $1,663Home prices rose by 12.3% from a year earlier. The monthly mortgage payment is higher by $150.


Boulder County

Now: $2,530
One Year Ago: $2,354Home prices rose by 10.7% from a year earlier. The monthly mortgage payment is higher by $177.


Broomfield County

Now: $2,124
One Year Ago: $1,948

Home prices rose by 12.3% from a year earlier. The monthly mortgage payment is higher by $176.


Denver County

Now: $1,976
One Year Ago: $1,813

Home prices rose by 12.3% from a year earlier. The monthly mortgage payment is higher by $164.

Douglas County

Now: $2,310
One Year Ago: $2,119Home prices rose by 12.3% from a year earlier. The monthly mortgage payment is higher by $191.


Jefferson County

Now: $2,037
One Year Ago: $1,868

Home prices rose by 12.3% from a year earlier. The monthly mortgage payment is higher by $169.


Larimer County

Now: $1,791
One Year Ago: $1,685

Home prices rose by 9.4% from a year earlier. The monthly mortgage payment is higher by $106.


Weld County

Now: $1,583
One Year Ago: $1,481

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

Metro Denver Real Estate Market Activity

During the last week:
New Listings – 929
Back On Market – 212
Price Increase – 119
Price Decrease – 475
Pending – 1691
Withdrawn – 133
Closed – 1674
Expired – 138
Previous Week:
New Listings – 480
Back On Market – 147
Price Increase – 122
Price Decrease – 255
Pending – 1365
Withdrawn – 85
Closed – 1385
Expired – 114

Based on data from REColorado®

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