Resort town’s housing too pricey for 72 percent |

Resort town’s housing too pricey for 72 percent

DURANGO ” Housing prices have been high in Durango for years, but now 72 percent of its residents cannot afford to buy a home.

The Herald reports that the median price of a home is $350,000. It also said many residents have problems paying basic bills.

Anyone seeking to buy a home needs to have a combined income of at least $86,000. The median family income in the city is $60,600.

The average monthly rent for a one-bedroom apartment is $645.

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