12. Denver
Median listing price: $470,000
Percentage of households that can’t afford a home: 59.8 percent
Home prices have been rising across Colorado. In fact, it’s one of the states with the biggest real estate bubbles. In Denver, in particular, the home price-to-income ratio is particularly troubling.
With a median listing price of $470,000, it would take an annual income of $80,240 to afford a monthly mortgage of $2,006. However, the median household income in the city is $61,105. As a result, nearly 60 percent of households can’t afford a home in Denver.
