The Most Affordable Neighborhoods in South Platte, CO by Home Value

 

South Platte, CO Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the South Platte area can be challenging. Home prices in South Platte are now at a median cost of $752,059, higher than the Colorado average of $579,698.

The average cost of rent is $2,284/mo in South Platte, primarily driven by the current value of real estate in the South Platte area. In South Platte, 6.48% of households rent, and 29.27% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in South Platte is $14,440 per month. Households that rent pay about 15.82% of their income on rent here. South Platte’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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