Denver home prices (US$/m²): returns since 2012
Denver home prices, measured as the typical value per square meter (data: Redfin). This is the value of the property itself — bricks and mortar — not an investor's total return.
It excludes rent received and all costs (closing, property taxes, maintenance, vacancy). Compare it against U.S. inflation (CPI) and the S&P 500 below to see whether Denver real estate kept up.
Denver is a mid-to-upper-tier Mountain West market that boomed through the 2010s as the Front Range drew newcomers with its outdoor lifestyle, a diversified economy spanning aerospace, energy, technology and healthcare, and a central location. Prices rose strongly over the decade as population growth outpaced new construction. It came through the 2008 downturn with a milder decline than many coastal and Sun Belt markets, then appreciated steadily for years. Like other inland boomtowns, it ran especially hot during the post-2020 surge before cooling as mortgage rates climbed.
Cumulative return by window (in U.S. dollars)
| Window | Cumulative |
|---|---|
| 1 year | 1% |
| 5 years | -2% |
| 10 years | 55% |
Largest historical drop: -22% · annual volatility: 12% . Typical home price per m² (Redfin). Excludes rent received, closing costs, property taxes, maintenance and vacancy — the value of the property itself, not the investor's total return.
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Descriptive, educational content computed from official public data. Not investment advice. Past performance does not guarantee future results.