How Long to Save for a Home in Denver, CO
Median home price, average rent, and a personalized savings timeline for Denver — updated 2026-Q1.
Median Home Price
$580,000
Average Rent
$2,000/mo
Median Income
$85,000/yr
5yr Price Growth
+25%
Calculate for Denver
Invest this % of your rent ($2,000/mo)
Down payment
Down Payment Scenarios in Denver
| Scenario | Down Payment | With Bricks | Savings Acct |
|---|---|---|---|
| 3.5% FHA | $20,300 | 6.5 years | 7.3 years |
| 10% Down | $58,000 | 13.5 years | 17 years |
| 20% Down | $116,000 | 19.9 years | 27 years |
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Buying a Home in Denver, Colorado
Denver is one of the West's growing metro areas with a population of 715,000. The median home price of $580,000 puts it among the more expensive markets in the country.
With average rent at $2,000/month, a renter in Denver investing 10% of their rent ($200/month) into diversified REITs could accumulate a 20% down payment of $116,000 in approximately 19.9 years. The same monthly contribution in a high-yield savings account would take about 27 years.
Home prices in Denver have grown 25% over the past five years, roughly in line with national trends. For renters, this means the down payment target continues to move — making it even more important to invest rather than just save, so your money grows alongside home prices.