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How Much House Can I Buy for $350,000 - Denver

Denver, the Mile High City and pride of the Rocky Mountains, is one of the biggest cities in the west. An ex-mining town, Denver benefited immensely when railroad companies built tracks through it during the gold boom. That transport infrastructure allowed Denver to become a major city for business and trade, although mining and energy are still important to its economy today. The climate is lovely and the people are welcoming – but visitors need to beware of how thin the air actually is at 5,280 feet above sea level!

How Much House Can I Afford?

As a city that was basically constructed all at once, Denver has a logically planned layout throughout. It, like midtown Manhattan, is on a north-south and east-west grid, and almost all of the streets have bicycle lanes. There are also more than 800 square miles of paved off-road bicycle paths within Denver, which contributes to the city’s reputation as one of the most bike-friendly in the country.

Denver has an unusually high number of professional sports franchises for a city its size – five, in fact, one for each of the major US pro sports – the NFL’s Broncos, the MLB’s Rockies, the NHL’s Avalanche, the NBA’s Nuggets and the MLS’s Rapids. They have five total championships between them since the 1960s, and local fans are very passionate and turn out in droves to see the teams.

Top Ten Best Cities to Be a Real Estate Agent

Denver became famous in the late 2000s for being the first major US city to decriminalize the recreational possession and use of marijuana, which inspired many jokes on the phrase “Mile High City,” and turned out to be an omen of statewide legalization in 2014.

Zillow says home prices in Denver shot up 10.2 percent last year, but their rise is slowing, and it’s now considered to be a market in which buyers have a slight edge. Here’s what a prospective buyer could get for $350,000:

  • 1013 E 26th St
    Location: 1013 E 26th Ave Price: $350,000 Size: 2 Beds, 2 Baths, 1,398 sq ft Highlights: "Unbelievably gorgeous, totally renovated Victorian. All new systems installed in 2002. Done to code and fully permitted. Open floor plan, 2nd story open to the 1st. Loft like feel. Gorgeous, gleaming original hardwood floors. Incredible exposed brick. Amazing lighting. Tons of built-ins and closets everywhere. You won't believe how well this home was architected. Carpets are only 1 year old. Stunning new porcelain tile floor in kitchen and upstairs bath. Gas range. Stunning onyx fireplace surround. Kitchen open to the dining and living rooms. Xeriscape landscaping in front and brick paver patio in back. Fully fenced yard. Nice and clean storage space in the basement." Photo credit: Zillow

Thinking of rising up in Denver? Our home affordability calculator may help.

Photo Credit: flickr

Alex Silady Alex is a graduate of New York University's journalism school. He has penned and edited articles, features and videos for news, politics and entertainment websites, both in the US and abroad. His specialties are archival research and the history of finance. His areas of expertise include home buying, small businesses and banking. Alex's hobbies include video games, especially RPGs, and following NHL hockey.
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