Loveland's Housing Affordability Challenge

Colorado is facing an affordable housing challenge as both the demand and the cost of entry-level homes continues to skyrocket, while housing construction, particularly in the areas of condominiums, remains largely nonexistent. Also, the average rent for an apartment in Loveland is up 5% from last year, and continues to be out of reach for many lower income families and individuals.

Here is a snapshot of Loveland:

Bottom Line: For individuals earning less than $31,000 annually, there is practically no affordable housing in Loveland. Even those who earn $60,000 per year have very little to choose from, and are competing with a large demand for housing in that price range.