With a population of more than 729,000 and growing, the city of Denver has long struggled with an unaffordable housing market and needs to create close to 44,000 affordable units over the next decade, according to the city’s Department of Housing Stability.
The median sale price of a home in Denver stands at $584,500, up 1.7% from this time last year, according to online real estate broker Redfin.
Meanwhile, the area median income in Denver is $98,100, according to the housing agency. It was $91,700 in 2023, according to the U.S. Census Bureau…