Quick facts: Byers, CO

Quick Facts

114.3
Cost of Living
above US average
1,635
Population
6.12
Crime Rate per 1000
below US average
$93,750
Median Income
above US average
$449,000
Median House Price
above US average
$1401.0
Average Rent
below US average
Poverty rate Data is updating, will be available soon
2.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $93,750.

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Income Needed to Buy

βœ— Stretch
$141k/year
Based on $449,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $141k vs median $93,750
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Income Needed to Rent

βœ“ Affordable
$60k/year
Based on $1401.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($93,750) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Byers, CO

Byers is a small, rural community located in Arapahoe County, Colorado. Situated approximately 30 miles northeast of Denver, Byers serves as a quaint, quiet escape from the busyness of urban life. The town is known for its close-knit community and offers a laid-back lifestyle, making it an attractive option for those seeking peace and solitude. Despite its small size, Byers has essential amenities and services, including a few local shops, restaurants, and schools. The town’s rural backdrop is characterized by sprawling fields and the occasional picturesque view of the Rocky Mountains in the distance. This area is appealing to outdoor enthusiasts, with nearby opportunities for hiking, fishing, and other recreational activities. Byers also features a rich agricultural backdrop, with many residents involved in farming and ranching. The local community often gathers for town events, fostering a strong sense of camaraderie among residents. Overall, Byers represents the charm of small-town America with its friendly atmosphere and scenic beauty, making it an ideal spot for those looking to slow down and enjoy life.

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