market watch: home prices across colorado |
Home prices continue to steadily increase in many areas throughout Colorado and the current median home price in Colorado is $435,000*. Population growth in recent years, among other factors, has affected local markets and made homeownership more challenging. The good news is, it’s still possible to become a homeowner in Colorado! In fact, CHFA helped more than 10,000 Colorado households purchase homes in 2020 with its home mortgage loan and down payment assistance programs.
If you’re looking to buy a home in the New Year and want to see how home prices* compare across the state, here’s a look:
Boulder: $634,496
Denver Metro: $476,500
Fort Collins: $439,973
Greeley: $385,601
Colorado Springs: $370,000
Grand Junction: $298,000
Pueblo: $240,000
*Median prices year-to-date through December 2020 for single family detached homes. Sources: Colorado Association of REALTORS® and Denver Metro Association of REALTORS®
|
|
chfa invests in unique housing needs |
In addition to CHFA’s traditional homeownership programs, did you know CHFA invests in communities to meet unique housing needs? Below are examples of recent investments
off-grid housing and unsheltered outreach
CHFA was proud to contribute $74,000 to support critical needs for many of the San Luis Valley’s most vulnerable residents. Those living off the grid in Alamosa in an area known as The Flats own the land they live on but have few resources to develop their shelter. CHFA’s investment will provide $500 mini grants to residents to purchase items like doors, windows, insulation, etc. It will also support the salary of the community’s case manager who works with La Puente Outreach on behalf of residents. In addition, Alamosa’s new homeless camp was established to meet a growing need amid the pandemic and CHFA’s investment will support winterization of the camp.
home improvement program
CHFA is investing up to $300,000 to support a home improvement program that will provide resources for families of the Ute Mountain Ute Tribe to complete significant home renovations. The program will support renovations that address health and safety concerns in 10 to 18 homes in Towaoc owned by Ute Mountain Ute tribal members. The program gives preference to households experiencing low income, living with disabilities, and those with older adults, veterans, or active military. CHFA’s community investment leverages equal joint funding from Colorado Health Foundation and the Colorado Department of Local Affairs’ Division of Housing.
|
|
Colorado Housing and Finance Authority
|
|
|
This eNewsletter may contain links to other websites or third party materials. Links to external or third party websites or materials are provided solely for your convenience. The presence of a link does not imply any endorsement of the third party material, the website, its content or any association with the third party or website's operators by CHFA. Third-party websites or materials may be governed by their own privacy policy and terms of use, and the third party is solely responsible for the content and offerings presented on its website or in its materials. CHFA makes no representation and accepts no responsibility or liability regarding the accuracy, quality, safety, suitability or reliability of any third party material(s), external website or the content or materials of such websites. Use of linked sites is strictly at your own risk. |
|
With respect to its programs, services, activities, and employment practices, Colorado Housing and Finance Authority does not discriminate on the basis of race, color, religion, sex, age, national origin, disability, or any other protected classification under federal, state, or local law. Requests for reasonable accommodation, the provision of auxiliary aids, or any complaints alleging violation of this nondiscrimination policy should be directed to the Nondiscrimination Coordinator, 1.800.877.2432, TDD/TTY 800.659.2656, CHFA, 1981 Blake Street, Denver, Colorado 80202-1272, available weekdays 8:00am to 5:00pm. |
|
|
|
|
|
|
