Millennials on the make.

$1,310 doesn't get you a lot these days. When it comes to real estate, it gets you absolutely nothing. It's not even enough to cover typical closing costs on a home purchase. Yet $1,310 is the amount the average Boulder County millennial has saved toward a future home.

Denver Post reporter Shay Castle looks at how that paltry savings figure stacks up against the odds of a young adult buying a home in one of housing's on-fire markets. Castle notes that in pricey Boulder County (the seventh most expensive market for single family homes, according to data from the National Association of Realtors), the average renter income ($35,993 in 2014) is miles away from the income needed to purchase a median-priced home here at $495,000. Castle writes:

Assuming zero debt, a 10 percent down payment of $49,500 and a sub-4 percent interest rate (a situation very few millennials find themselves in), a household would need an income of at least $72,000 to make the nearly $3,000 a month mortgage, insurance and tax payments and still fall under the 45 percent debt-to-income ratio most lenders use as their top-end requirement.

Dear Mom and Dad....

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