Here’s How Much a House Would Have Cost in Northern Colorado in 1950
It's public knowledge that Northern Colorado's real estate market is an absolute nightmare. In 2021, GOBankingRates discovered that the Centennial State's cost of living is worse than New York's — and it doesn't look like it will be getting better any time soon.
Last year, TheGroupInc.com predicated that, in 2022, the median price of a Fort Collins home would be $550,000, while the median price of a Loveland home would be $480,000.
Earlier this month, the Coloradoan corroborated the former prediction, reporting that housing prices in the Choice City have seen "an 11% increase from the end of 2021."
Perhaps we should travel back to a simpler time: the 1950s. While the world, as a whole, has arguably improved since then, real estate prices were a heck of a lot cheaper in the poodle-skirt decade.
According to Orchard, the median value of a Colorado home in 1950 was just $7,151. But these great prices didn't necessarily mean great quality — the company states that, at the time, "29% of the homes were classified as dilapidated or without some indoor plumbing."
Still, $7,151 is a dream price compared to current housing costs. Plus, Orchard largely only looked at the Denver area, so Northern Colorado homes were likely even cheaper back then.
Today, housing counseling agencies can help you scout out potentially affordable homes. Renting may also be a more feasible option — check out the cheapest homes for rent in Fort Collins and Loveland in the galleries below:
Cheapest Houses in Fort Collins for Rent
Cheapest Houses in Loveland for Rent