Denver appreciation rates and housing market information

Denver housing market information

With 554,636 people, 251,435 houses or apartments, and a median cost of homes of $248,959, Denver real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Denver, accounting for 47.50% of the city's housing units. Other types of housing that are prevalent in Denver include large apartment complexes or high rise apartments (37.60%), row houses and other attached homes (7.46%), and a few duplexes, homes converted to apartments, or other small apartment buildings (7.17%).

People in Denver primarily live in small (one, two, or no bedroom) single-family detached homes. Denver has a mixture of owner-occupied and renter-occupied housing.

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. Denver's housing was primarily built during this period, from the '40s through the '60s. A full 42.79% of the city's housing hails from this era. Other housing ages represented in Denver include homes built between 1970-1994 (27.28%), and housing constructed from 1939 and earlier (24.50%). There's also some housing in Denver built between 1995 and later (5.43%).

Denver home appreciation rates

Denver's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Denver during the period has been just 6.05%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Denver home appreciation rates, at 1.19%, have been at or slightly above the national average. In the latest quarter, Denver's appreciation rate has been 1.65%, which annualizes to a rate of 6.60%.

Relative to Colorado, our data show that Denver's latest annual appreciation rate is higher than 38% of the other cities and towns in Colorado.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Denver differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Denver - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Denver real estate investment or home purchase decisions.