Colorado Starter Home Market Highlights Growing Demand

Colorado ranks fourth toughest for starter-home affordability, requiring an annual income of $121,598 and a monthly income of $10,133 to buy a $400,000 starter home. Nationwide, fewer than 40% of nonhomeowners can afford starter homes, which average $200,000. The most affordable starter homes are in Mississippi and West Virginia, priced around $85,000 to $90,000.