If you’re earning around $70,000 annually and wondering what kind of home you can realistically afford in Denver, you’re definitely not alone. It’s one of the most common questions we hear, and the answer depends on a mix of math, loan programs, and personal goals.

Breaking Down the Numbers
With a $70K salary, your gross monthly income comes out to about $5,833. Lenders typically recommend keeping your housing payment within 35–45% of that number, which works out to roughly $2,000–$2,625 per month. Depending on your loan program, debt obligations, and down payment, that kind of budget could qualify you for a home in the $300,000–$350,000 range.

The Factors That Matter
Of course, the final number isn’t one-size-fits-all. Your affordability depends on things like the type of loan you choose (FHA vs. Conventional), how much you put down, and what you’re paying toward other debts. Mortgage insurance, property taxes, and HOA dues also play a role in shaping your monthly payment.

How Buyers Make It Work
For many first-time buyers in Denver, FHA programs are especially attractive because they allow for lower down payments and offer more flexibility on credit. On top of that, there are creative strategies that can stretch your buying power, like using down payment assistance, negotiating for seller-paid closing costs, or buying down your interest rate to lower your monthly payment.

It’s About More Than the Price Tag
At the end of the day, affordability isn’t just about the sticker price on a house—it’s about building a plan that works for your income, your goals, and your lifestyle.

If you’re ready to see how $70,000 a year translates into your unique home search, let’s build that plan together.