In the past ten years, the U.S. has seen a dramatic increase in the number of high-income renter households, from 3.8 million in 2008 to 5.7 million in 2017. Nowhere has this surge been seen more than in Denver. Denver and Austin lead the nation in high-income renter growth. These metros housed nearly 2.5 times more six-figure renter households in 2017 than they did in 2008.
Month over month, prices in the Denver Metro area reversed the trend, by rising 1.27% for median and 1.11% for average residential prices. Year over year the pace of the housing price increases slowed with the average residential prices rising by only 0.66% and the median residential prices falling 1.23% from February 2018.