Study Finds Best Places for Homeownership in Colorado
San Francisco, CA (April 1, 2014) – NerdWallet, a consumer advocacy website, recently conducted a study to find the best places for homeownership in Colorado. Firestone topped the list while other Denver-area cities, like Dakota Ridge and Castle Rock, also made the top ten.
As renting becomes less affordable, NerdWallet wanted to give potential homebuyers a look at the current housing market. NerdWallet based its rankings on the following criteria:
- Homeownership rate
- Selected monthly homeowner costs
- Monthly household income
- Population growth
NerdWallet ranked Firestone as the best place in Colorado for homeownership. The area has a homeownership rate of 88.8%, and median monthly homeowner costs are $1,881. Firestone is also the fastest-growing city on the list, experiencing a population growth rate of 13.5% between 2010 and 2012. Lone Tree boasts the highest median home value, at $445,600, while Black Forest was found to have the highest homeownership rate – 94.8%.
Other cities that made the top ten include Erie and The Pinery. Read the full study online.
For more information about NerdWallet, visit www.nerdwallet.com.
About NerdWallet
NerdWallet is a consumer-friendly financial literacy website that helps consumers make better financial decisions and save money on CD rates, checking accounts, credit cards and more. NerdWallet has been featured in The New York Times, Wall Street Journal and Reuters; our products have been recommended by consumer advocates Liz Weston, Clark Howard and Consumer Action.