Home prices in Colorado would need to fall 32% to get affordability back to 2015, when three out of four homes were affordable to a household earning the state median income.
Colorado home prices would need to fall by nearly a third to bring housing affordability in line with levels that existed in 2015, but that is unlikely to happen, according to a, which is affiliated with Colorado State University.
Costilla, Sedgwick, Summit and Grand are the other counties in Colorado that need to see a decline of about 50% or more to recapture prior levels of affordability.has been well documented, particularly as it became more acute in the second half of the last decade.
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