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Relocating to Denver, CO: What Home Buyers Need to Know

Denver combines outdoor adventure, a growing urban culture, and a strong job market. Here is what buyers need to know before relocating and buying in the Mile High City.

Denver has been one of the country's most popular relocation destinations for the past decade. Its combination of mountain access, a growing technology and business sector, a vibrant downtown, and a generally sunny climate attract buyers from both coasts and the Midwest. Here is what you need to know before you buy.

Denver Neighborhoods by Lifestyle Cherry Creek is upscale and walkable, with high-end boutiques and restaurants. Capitol Hill and Congress Park offer historic architecture and urban energy. Washington Park (Wash Park) is beloved for its lake, outdoor recreation, and community feel. The Highlands neighborhood north of downtown is trendy, with excellent restaurants and a strong young professional population.

For families, the Denver Tech Center (DTC) area and suburbs like Centennial, Parker, and Castle Rock offer excellent schools and more space.

What to Budget for in Denver Denver's median home prices are well above the national average, particularly for close-in neighborhoods. Condos in the urban core range from $350,000 to $600,000 and up. Single-family homes in desirable neighborhoods typically start at $500,000 to $600,000 and go well above $1 million in top neighborhoods.

Property taxes in Colorado are moderate, and the state has implemented some relief measures. Health insurance costs vary, and Colorado has a state income tax rate of 4.4 percent.

Altitude Adjustment Denver sits at exactly one mile above sea level. Many people from lower elevations experience altitude adjustment symptoms (headaches, fatigue, dehydration) for the first week or two. This normalizes for most people within a few weeks.

Buying Remotely in Denver Denver's market has stabilized from its pandemic frenzy, giving out-of-state buyers more time to do proper due diligence. Work with an agent experienced in remote purchases who can provide thorough virtual tours and neighborhood context.

Homexa® in Denver Homexa® agents in Denver and the Front Range can help relocating buyers navigate the market, evaluate neighborhoods remotely, and close efficiently from out of state. Connect with a Homexa® agent in Denver to start your relocation search.

Frequently Asked Questions

Why do so many buyers relocate to Denver?

Denver has been one of the country's most popular relocation destinations for the past decade, thanks to its mountain access, a growing technology and business sector, a vibrant downtown, and a generally sunny climate that draws buyers from both coasts and the Midwest. Homexa® connects Denver buyers with experienced local agents.

What should I budget for when buying a home in Denver?

Denver's median home prices are well above the national average, particularly for close-in neighborhoods. Colorado property taxes are moderate, the state has implemented some relief measures, and Colorado has a state income tax rate of 4.4 percent. Homexa® can connect you with an experienced local agent in Denver.

Will the altitude in Denver affect me after moving?

Denver sits at exactly one mile above sea level, and many people from lower elevations experience altitude adjustment symptoms such as headaches, fatigue, and dehydration for the first week or two. This normalizes for most people within a few weeks. Homexa® helps buyers find experienced local agents in Colorado.

Can I buy a home in Denver from out of state?

Yes. Denver's market has stabilized from its pandemic frenzy, giving out-of-state buyers more time to do proper due diligence, so work with an agent experienced in remote purchases who can provide thorough virtual tours and neighborhood context. Homexa® is a simple way to reach an experienced local agent.

What are some popular Denver neighborhoods for relocating buyers?

Cherry Creek is upscale, with high-end boutiques and restaurants. Capitol Hill and Congress Park offer historic architecture and urban energy, Washington Park is beloved for its lake and outdoor recreation, and the Highlands north of downtown is trendy, with excellent restaurants. Suburbs like Centennial, Parker, and Castle Rock offer more space. Homexa® makes it easy to connect with an experienced local agent in Denver.