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Denver City Wire

Thursday, November 21, 2024

Median rental price of 2-bedroom homes in Northern Denver during the week of September 23-29 was $1,600

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The median rental price of two-bedroom homes in Northern Denver listed during the week of September 23-29 was $1,600.

Only one listing had a garage, and it was listed for $2,100 per month. This was 39 percent more than the average for two-bedroom homes without a garage.

There were six properties listed in the neighborhood during the week. Adams Street had the most units listed, according to RentHub.com.

The median monthly rent price in the US has been steadily increasing over the last decade. In 2010, the median US rent was $927 according to the Census American Community Survey. As of 2018, that figure had reached $1,023 per month. The ACS releases updated numbers each September regarding the previous year.

In fact, according to a study completed by the Harvard Joint Center for Housing Studies, 75.8 percent of renters are cost-burdened or severely cost-burdened by the price of rent in the Denver-Aurora-Lakewood area.

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