It probably won’t surprise you to learn that the number of affordable homes with two to four bedrooms has fallen 24 percent from last year, according to an analysis from Redfin. But that means that only 33 percent of homes are now considered affordable for a household earning an income in the 50th percentile for Denver, $64,500 a year.
At that income, a household can spend 28 percent of monthly income on a house that cost at most $378,287. The average two to four bedroom house costs $549,500, according to Redfin.
All those numbers lead to another number of course. Redfin finds that Denver is the 12th least affordable for homeowners in that income bracket, which they characterize as working-class earners.