SEATTLE-Locally based Redfin recently released a report comparing Denver and Seattle when it comes to home prices, types of homes, and other city characteristics. According to Redfin, Denver and Seattle both have a healthy economy, with numerous technology companies headquartered in the region. However, Seattleites bring home more income.
According to the latest Census data, the median household income in Seattle is $63,470, vs. $49,091 in Denver. And all those high-tech jobs require a college education, says Redfin; in Seattle, 58% of people over the age of 25 have a bachelor’s degree or higher, and in Denver 45% of people do.
Around half the people in Denver and Seattle own a home (50.4% vs. 47.3% respectively). And it’s a good thing people in Seattle have a higher income, says Redfin, because Seattleites pay a lot more than those in the mile high city. According to Redfin data, the median sale price of homes sold in 2013 was $403,402 for Seattle and $260,547 for Denver.
What do they get for that price?
The homes in each city are about the same size, with a median square footage of around 1,600. However, people in Denver have bigger yards, with a median lot size of 6,250 square feet vs. Seattle’s 5,500.
But what Seattle homes lack in yard space they make up for in views, says Redfin. According to data that Redfin pulled from the multiple listing service, 63% of Seattle homes sold in 2013 mentioned a view in the listing description, vs. 14% of Denver homes.