Denver, Colorado — The Mile High City — is where urban sophistication meets outdoor adventure. Denver is an outdoor city known for its world-class cultural attractions, thriving craft breweries, chef-driven dining and red-hot music scene, all within easy reach of the Rocky Mountains.
Denver's population is 3.0M, with a total workforce of 1.5M. The labor market grew by 78,200 jobs over the past year, up by 5.2%. The median household income in Denver is $104,864, 16.2% higher than last year and 55.3% above the national average of $67,521.
In the housing market, total permits issued totaled 26,196 over the last twelve months, up 30.3% year-over-year. Denver has 248 active new home projects on the market, 14.2% fewer than the 289 from last year. The average list price in the market is $687,225, 15.9% higher than last year and 52.5% above the national average. Over the last three months, new home contracts decreased by 11.8% to 2,600. Aurora and Castle Rock had the highest concentration of the new home contracts in the Denver market.