Housing Affordability Reports

Housing Affordability Update Summer 2023

Focusing on Where the Need is Greatest

In Colorado, conversations about housing affordability are occurring daily. And for good reason. Since 1990, the ratio of an index of house prices to an index of income has almost doubled, with the major runup beginning in the wake of the Great Recession and accelerating during the COVID pandemic. However, as this housing affordability update shows, recent evidence is for a housing market slowly returning to relative health.

Eviction Cases in Colorado County Courts

For the first time, data on eviction filings in Colorado was made available leading to new insight on the volume, geographic distribution, and to some extent, type of legal process outcome. With this work in place, we hope it will render a new level of data availability for more robust research in the future to support eviction prevention efforts.

Enterprise Community Partners White Paper:

In The News:

Market Adjustments Won’t ‘Take Care’ of the Challenge Without Unprecedented Value Declines

In partnership with Colorado Health Foundation

In partnership with Colorado Health Foundation

It is reasonable to consider the cautionary economic news of the last months, specifically those related to the increase in interest rates and their impact on housing, and wonder if, under emerging economic conditions, the changing market will take care of Colorado’s housing affordability challenges.  In fact, the “will the market correct itself” question is posed increasingly as the economic conditions evolve.  This research brief explores the concept of the housing market “correcting” itself by assessing the extent of the decline in home values required, by county, in order for the same share of “owner occupiable” housing stock to be affordable to the median income in 2021 as was affordable to the median income in 2015.