Westminster appreciation rates and housing market information

Westminster housing market information

With 101,197 people, 39,459 houses or apartments, and a median cost of homes of $257,448, Westminster real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Westminster, accounting for 60.27% of the city's housing units. Other types of housing that are prevalent in Westminster include large apartment complexes or high rise apartments (24.91%), row houses and other attached homes (9.23%), duplexes, homes converted to apartments, or other small apartment buildings (3.65%), and a few mobile homes or trailers (1.94%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Westminster. Owner-occupied housing accounts for 68.23% of Westminster's homes, and 56.37% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Westminster built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Westminster built from 1995 and later (17.36%). A lesser amount of the housing stock also hails from 1940-1969 (14.87%), and some were built from 1939 and earlier (14.87%).

Westminster home appreciation rates

Westminster's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Westminster during the period has been just 4.78%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Westminster home appreciation rates, at -0.07%, have been at or slightly above the national average. In the latest quarter, Westminster's appreciation rate has been 1.33%, which annualizes to a rate of 5.32%.

Relative to Colorado, our data show that Westminster's latest annual appreciation rate is higher than 27% 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 Westminster differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Westminster - 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 Westminster real estate investment or home purchase decisions.