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Denver County, CO

RANK #991 / 1001 NAT  ·  #14 / 15 CO  ·  POP 718,877

1YR FORECAST: -3.7%

5YR OUTLOOK: +0%

Our model projects Denver County's housing market at -3.7% over the next year, underperforming most U.S. counties.

[01] Why Denver County?

Denver County, home to the city of Denver, Colorado, is known for its access to the Rocky Mountains and 300 days of sunshine annually. Located at exactly one mile above sea level, giving it the nickname "The Mile High City," Denver offers a blend of urban amenities and outdoor recreation. Residents and visitors can enjoy hiking, biking, and kayaking in city parks like Confluence Park or venture to nearby Red Rocks Park and Amphitheatre for trails and concerts. The city's climate features four distinct seasons, with mild winters where snow often melts quickly due to abundant sunshine. Commute options include the Regional Transportation District (RTD) light rail and bus system, as well as carpooling and vanpooling services.

Life in Denver County attracts a mix of families and young professionals, drawn to its urban feel and proximity to nature. Denver Public Schools serves the county with over 200 educational institutions. The economy is diversified, with significant sectors including technology, aerospace, healthcare, financial services, and energy. Recent economic developments show growth in employment and ongoing investment in commercial and residential areas. This growth has contributed to a rising cost of living, particularly for housing.

MARKET PROFILE

Western Premium Correction

Denver County is one of 78 U.S. counties in this market profile — weaker than typical on the BoomTown Index. Within this cohort, its recent home-price change of -4.1% runs below the profile's typical -0.8%.

See all 78 Western Premium Correction counties →

[02] Market Snapshot

Housing Ratio
7.4x

Overvalued relative to economy

Home Prices
-4.1%

Prices declining

Climate & Terrain
2.9

Moderate climate & terrain

Price/Rent
28x

Speculative pricing

Housing looks overvalued at 7.4x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    City and County of Denver Government
    25,000+
  2. 2
    State of Colorado Government
    10,000+
  3. 3
    University of Colorado Anschutz Medical Campus Healthcare
  4. 4
    Denver Public Schools Education
  5. 5
    HCA HealthONE Healthcare
  6. 6
    UCHealth: University of Colorado Hospital Healthcare
  7. 7
    Amazon Logistics
    5,000+
  8. 8
    Denver Health Healthcare
  9. 9
    United Airlines Logistics
  10. 10
    Children's Hospital Colorado Healthcare

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Denver County U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
718,877
+0.72% YoY
Median Household Income
$94,718
Median Home Value
$616,000
-4.14% 12mo
Median Rent
$1,831
Average Annual Pay
$106,620
+4.7% YoY
Employment
560,737
-0.8% YoY
Income-to-Home-Value
0.1538
Less affordable than average
Migration Inflow
5.46%
of pop. from another state
Bachelor's Degree+
56.5%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$628,750
Days on Market
23
Active market
Months of Supply
3.3
Balanced market
Sale-to-List Ratio
99.0%
Near asking price
Sold Above List
25.2%
Listings w/ Price Drops
42.7%
Building Permits (2025)
4,727
Single-Family Permits
1,027

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
8.5
per 100K · nat avg 6.3
Firearm Fatalities
15.8
per 100K · nat avg 14.8
Injury Deaths
101.6
per 100K · nat avg 76.3
vs National Average
Above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

C+
AIR QUALITY
GRADE
Median AQI (3yr)
53.7
Moderate
Good Air Days
38%
420 of 1,095 days
Unhealthy+ Days (3yr)
48
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
55
2022
52
2023
54
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$21,050M
TOTAL
PROJECT AMOUNT STATUS
River Mile Development
Kroenke Sports and Entertainment
$20,000M Under Construction
CoreSite DE3 Data Center Campus
CoreSite
$500M Under Construction
Ball Arena District Redevelopment
Kroenke Sports and Entertainment
$500M Planned
Renewable Natural Gas Facility at Denver Arapahoe Disposal Site
Waste Management (WM) and Denver Department of Public Health & Environment (DDPHE)
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

Population Growth +0.7% 55 percentile
Income Growth +3.3% 64 percentile
Vacancy Rate 1.7% 13 percentile
Home Price Change -4.1% 3 percentile
Rent Growth -1.7% 4 percentile
Price/Rent 28x 1 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

Is Denver County, CO a good place to move to?

The data is not encouraging — Denver County scores just 0/100 on the Boom Town Index, ranking #991 of 1001 counties. Job growth at -0.8% and median household income of $94,718 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Denver County affordable?

Denver County leans toward the expensive side. A median home value of $616,000 against an income-to-home-value ratio of 0.15 means housing eats a bigger share of local earnings than the national norm. Renters face $1,831/month on average.

Is Denver County growing or shrinking?

Denver County's population is growing — up +0.7% YoY — while the job market is roughly flat (employment change of -0.8%). Home values shifted -4.1% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are people moving to Denver County?

In significant numbers — 5.46% of Denver County's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[10] Similar Counties by Size & Score

Broomfield County, CO 0 Larimer County, CO 2 Adams County, CO 2 Boulder County, CO 2 Douglas County, CO 2 Jefferson County, CO 3 District of Columbia, DC 0 Williamson County, TX 0