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Denver County, CO

RANK #929 / 996 NAT  ·  #9 / 15 CO  ·  POP 710,800

1YR FORECAST: -2.8%

5YR OUTLOOK: +10%

Our model projects Denver County's housing market at -2.8% 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.

[02] Market Snapshot

Housing Ratio
3.7x

Undervalued relative to economy

GDP Growth
+1.9%

Below national median

Home Prices
-4.2%

Prices declining

Climate & Terrain
2.9

Moderate climate & terrain

Price/Rent
25x

Prices detached from rents

Housing looks undervalued at 3.7x — home prices are low 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

The Numbers

DEMOGRAPHICS
Population
710,800
+0.57% YoY
Median Household Income
$85,853
Median Home Value
$540,400
-4.25% 12mo
Median Rent
$1,665
Average Annual Pay
$101,834
+6.4% YoY
Employment
565,183
-0.6% YoY
Income-to-Home-Value
0.1589
Less affordable than average
Migration Inflow
5.46%
of pop. from another state
Bachelor's Degree+
54.2%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$555,000
Days on Market
45
Moderate pace
Months of Supply
4.1
Balanced market
Sale-to-List Ratio
98.2%
Near asking price
Sold Above List
20.2%
Listings w/ Price Drops
30.8%
Building Permits (2024)
3,994
Single-Family Permits
872

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

GDP Growth +1.9% 33 percentile
Population Growth +0.6% 56 percentile
Income Growth +9.8% 78 percentile
Vacancy Rate 1.4% 25 percentile
Home Price Change -4.2% 4 percentile
Rent Growth -0.9% 6 percentile
Price/Rent 25x 2 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

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

The data is not encouraging — Denver County scores just 6/100 on the Boom Town Index, ranking #929 of 996 counties. Job growth at -0.6% and median household income of $85,853 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 $540,400 against an income-to-home-value ratio of 0.16 means housing eats a bigger share of local earnings than the national norm. Renters face $1,665/month on average.

Is Denver County growing or shrinking?

Denver County's population is growing — up +0.6% YoY — while the job market is roughly flat (employment change of -0.6%). Home values shifted -4.2% 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

El Paso County, CO 6 Jefferson County, CO 6 Weld County, CO 5 Boulder County, CO 8 Douglas County, CO 4 Broomfield County, CO 3 Gwinnett County, GA 6 Sarasota County, FL 6