x
Breaking News
More () »

Denver named among 5 least-affordable metro areas in the U.S.

The report used a ratio of home sale price to median household income to come up with its affordability score.

DENVER — For the first time, Denver is in the top five on a list of the country’s least-affordable cities.

According to a new report from Austin-based OJO Labs, Denver ranks No. 5 on a list of the country’s most unaffordable cities. The only cities less affordable than Denver were San Francisco, San Diego, Los Angeles and Miami.

OJO Labs uses a ratio of home sale price to median household income to come up with its affordability score.

> Video above: How inflation is impacting the housing market

Denver rounded out the top five cities with a March unaffordability score of 6.6. According to OJO Labs, Denver’s median home sale price was $564,990 in March, a 23.2% increase from this time last year.

Colorado Springs and Pueblo also made the list at No. 9 last month, with a median home sale price of $435,000.

> Read the full story at the Denver Business Journal.

Video below: Inflation forecast for the Denver metro area for 2022

RELATED: Americans are buying less as many brace to be 'strapped for cash'

RELATED: 2 years into pandemic, people are starting to come back to downtown Denver

> Watch live 9NEWS programs, original shows, daily forecasts and top stories on your Roku or Fire TV through the free 9NEWS app.

SUGGESTED VIDEOS: Colorado real estate market 

MORE WAYS TO GET 9NEWS 

Subscribe to our daily 9NEWSLETTER for top stories from 9NEWS curated daily just for you. Get content and information right now for can’t-miss stories, Next and Broncos content, weather and more delivered right to your inbox.   

DOWNLOAD THE 9NEWS APP
iTunes: http://on9news.tv/itunes
Google Play: http://on9news.tv/1lWnC5n  

HOW TO ADD THE 9NEWS APP TO YOUR STREAMING DEVICE 

ROKU: add the channel from the ROKU store or by searching for KUSA. 

For both Apple TV and Fire TV, search for "9NEWS" to find the free app to add to your account. Another option for Fire TV is to have the app delivered directly to your Fire TV through Amazon.