Cherry Hills Village appreciation rates and housing market information

Cherry Hills Village housing market information

With a population of 5,958, 2,023 total housing units (homes and apartments), and a median house value of $1,377,967, Cherry Hills Village house prices are not only among the most expensive in Colorado, Cherry Hills Village real estate also is some of the most expensive in all of America.

Cherry Hills Village is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Cherry Hills Village than is found in 99.90% of the communities in America.

And, as is not surprising, these large homes are primarily owner-occupied (95.35%).

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Cherry Hills Village's housing was primarily built during this period, from the '40s through the '60s. A full 46.42% of the city's housing hails from this era. Other housing ages represented in Cherry Hills Village include homes built between 1970-1994 (40.78%), and housing constructed from 1995 and later (10.78%). There's also some housing in Cherry Hills Village built between 1939 and earlier (2.02%).

Cherry Hills Village home appreciation rates

Real estate appreciation rates in Cherry Hills Village have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.62% during the period.

NeighborhoodScout's data show that during the latest twelve months, Cherry Hills Village home appreciation rates, at 1.76%, have been at or slightly above the national average. In the latest quarter, Cherry Hills Village's appreciation rate has been 1.79%, which annualizes to a rate of 7.16%.

Importantly, this makes Cherry Hills Village one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Colorado, our data show that Cherry Hills Village's latest annual appreciation rate is higher than 45% of the other cities and towns in Colorado.