Denver Real Estate Blog

Affordable Housing in Colorado gets Harder and Harder to Find

Because the vacancy rate continues to decline in the second quarter to 4.7 percent as more houesholds are forced into the rental market.

DENVER—The vacancy rate in affordable housing across Colorado fell to 4.7 percent in the second quarter, signaling a tightening up of the market, according to a survey released Monday by Colorado officials.The rate for the second quarter ending in June compared with 6 percent in the first quarter, 5.2 percent in the fourth quarter of 2006 and 4.7 percent for the third quarter of 2006 which was the first time the Affordable Housing Vacancy and Rent Survey was conducted.

The survey tracks vacancies in rent-restricted units catering to low-income households and is compiled by University of Denver Business Professor Gordon Von Stroh.

Van Stroh said a vacancy rate below 5 percent indicates a tight market.

The smallest rate of vacancy for rent-restricted housing was 1.7 percent in Grand Junction, followed by Pueblo, 4.1 percent; metropolitan Denver, 4.3 percent, and Colorado Springs, 5.1 percent.

The highest vacancy rate was in Fort Collins at 8.2 percent, followed by Loveland, 7.8 percent and Greeley with 5.6 percent.

The survey was released by the Colorado Division of Housing and the Colorado Housing and Finance Authority.

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Jeffery McClintock, is a real estate broker in Denver and prides himself on providing clients with professional guidance in all phases of residential new construction, including market research, product development, consulting, marketing and advertising. His personal mission is to bring to you a level of knowledge, experience, commitment, high standards and results to answer your real estate needs. He believes, the most effective way to provide superior service is to build a strong working relationship with you. His system includes regular consultations and feedback, which is the best tool for identifying and clarifying your real estate objectives and help define strategic solutions.