Can’t afford a Denver home? Here are Colorado’s 10 most affordable cities

According to a new report from The Denver Business Journal these are the most affordable cities to live in Colorado.

The Colorado-based financial services and analytics website looked at a number of factors to determine the 10 most affordable places to buy a home in Colordo. They include:

  • Closing costs.
  • Annual property tax.
  • Annual homeowner’s insurance.
  • Average annual mortgage payment.
  • Median income of residents.

10. Fort Morgan. Closing Costs: $2,786. Annual Property Tax: $852. Annual Homeowner’s Insurance: $681. Avg. Annual Mortgage Payment: $6,278. Median Income: $42,733.

9. Johnstown. Closing Costs: $3,951. Annual Property Tax: $1,458. Annual Homeowner’s Insurance: $1,169. Avg. Annual Mortgage Payment: $10,742. Median Income: $72,653.

8. Fort Lupton. Closing Costs: $3,064. Annual Property Tax: $996. Annual Homeowner’s Insurance: $798. Avg. Annual Mortgage Payment: $7,342. Median Income: $50,774.

7. Firestone. Closing Costs: $4,241. Annual Property Tax: $1,606. Annual Homeowner’s Insurance: $1,288. Avg. Annual Mortgage Payment: $11,856. Median Income: $81,987.

6. La Junta. Closing Costs: $2,428. Annual Property Tax: $510. Annual Homeowner’s Insurance: $484. Avg. Annual Mortgage Payment: $4,447. Median Income: $31,733.

5. Wellington. Closing Costs: $3,646. Annual Property Tax: $1,314. Annual Homeowner’s Insurance: $1,044. Avg. Annual Mortgage Payment: $9,690. Median Income: $68,831.

4. Frederick. Closing Costs: $3,947. Annual Property Tax: $1,456. Annual Homeowner’s Insurance: $1,168. Avg. Annual Mortgage Payment: $10,738. Median Income: $79,375.

3. Lamar. Closing Costs: $2,427. Annual Property Tax: $505. Annual Homeowner’s Insurance: $438. Avg. Annual Mortgage Payment: $4,015. Median Income: $30,551.

2. Sterling. Closing Costs: $2,428. Annual Property Tax: $643.. Annual Homeowner’s Insurance: $523. Avg. Annual Mortgage Payment: $4,851. Median Income: $36,571.

1. Milliken. Closing Costs: $3,326. Annual Property Tax: $1,134. Annual Homeowner’s Insurance: $909. Avg. Annual Mortgage Payment: $8,373. Median Income: $68,228.

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