Over the last 12 months, the Denver metro region added nearly 21,160 new apartment units. For the same time, according to a report released Wednesday from the Apartment Association of Metro Denver, there were about 20,400 new leases signed.
Read MoreRenting in the Stamford-Norwalk metropolitan area requires the highest hourly wage in the state to afford a two-bedroom unit: $50.54, according to the 2024 Out of Reach Report from the coalition, a Washington, D.C.-based nonprofit organization that advocates for affordable housing for everyone.
Read MoreDuring the COVID-19 pandemic, from 2020-22, more than 3,900 new apartments were built in Fairfield County as a result of the so-called “pandemic building boom. “ The highest number of new rental units were added to the market last year and it’s a trend that is expected to continue into next year
Read MoreMetro Denver apartment rent inflation has outstripped income gains by a higher margin than in any other major city in the U.S. since 2009, according to a study from Clever Real Estate subsidiary Real Estate Witch.
Read MoreFor Denver County, renting takes a little more than a third of average monthly pay, while buying a home consumes nearly half. The average 2022 monthly rent for a three-bedroom unit in Denver, according to Attom, is $2,416, a slight increase from 2021.
Read MoreThe U.S. housing market in 2021 has been a year full of low interest rates, eager buyers and low inventory of homes on the market. Denver is no exception, especially as it continues to attract young professionals, growing families and others to its location on the Front Range of the Rocky Mountains.
Read MoreThe U.S. Supreme Court's decision to lift a moratorium on rent because of economic hardships related to the pandemic moved state Sen. Tony Hwang, R-28, to hold an awareness and information news conference Monday afternoon outside of Operation Hope.
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