Is Portland any better than Denver if you'd like to own a home someday?
Portland and Denver are both popular cities to live in, but they're also both known for their high housing costs. So, if you're thinking about buying a home in either city, you'll need to be prepared to pay a pretty penny.
Here's a comparison of the two cities:
- Median home price: Portland: $510,000, Denver: $500,000
- Average rent: Portland: $1,700, Denver: $1,600
- Property taxes: Portland: 1.08%, Denver: 0.71%
- HOA fees: Portland: $200-$400/month, Denver: $100-$200/month
- Insurance: Portland: $1,200-$1,500/year, Denver: $1,000-$1,200/year
As you can see, the cost of housing is pretty comparable in both cities. However, Portland has slightly higher property taxes and HOA fees. Denver has a slightly lower cost of living, but it's also a more competitive market for buyers.
Ultimately, the best city for you to buy a home in depends on your individual budget and preferences. If you're looking for a city with a more affordable cost of living, Denver may be a better option. If you're looking for a city with a more vibrant culture and arts scene, Portland may be a better fit.
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