From Housingcolorado.org ;
Consider the following additional Colorado statistics:
Rental market: 600,000 of the 1.8+ million households in Colorado are renter households. In 2010, 47% of all renter households were paying 30% more of income toward housing, and of the rent-burdened households, 51% had family incomes of less than $20,000 per year. Meanwhile, average rents in Colorado’s metropolitan cities have increased in nearly all areas statewide.
Home Ownership: The ratio of median home prices to median household income is considered economically sustainable when it is 2.5:1. In 2008, this ratio in Colorado was 3.9 to 1 for single-family homes and 2.7 to 1 for condos. As of March 2012, the price-to-income ratio for Denver was 3.85. Not surprisingly, there is a large mismatch between these figures at the lowest income levels. Throughout Colorado, as incomes go down, the number of available affordable units falls. Statewide, there are 1.8 households for every unit affordable to households earning > $10,000 per year, 2.1 households for every unit affordable to households earning >$15,000 per year, and 1.9 households for every unit affordable to households earning >$20,000 per year.
Wages: Though several of Colorado’s largest counties have recently added jobs, compensation is not keeping pace. Weekly wages have decreased at a much faster pace, decreasing 2.9% on average among the counties included in a recent Colorado analysis, versus 1.7% nationally, which is then manifested in housing choices.
Poverty: Poverty rates are growing nationally and in Colorado, which has a profound effect on housing options. In 2010, 17% of Colorado youth were living in poverty, and 33% in Denver where living in poverty at that time.
Housing Denver : A Five Year Plan
Denver Affordable Housing Performance Audit – November 2014
United Nations Habitat – Housing as a Human Right
UN-Habitat : Urban Initiatives
National Low Income Housing Coalition
United For Homes Campaign
Colorado/U.S. Department of Housing and Urban … – HUD
U.S. Department of Housing and Urban Development “2011 Housing Profile: United States: American Housing Survey Factsheets