Wheat Ridge appreciation rates and housing market information

Wheat Ridge housing market information

With 33,015 people, 14,967 houses or apartments, and a median cost of homes of $256,528, Wheat Ridge real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Wheat Ridge, accounting for 53.42% of the city's housing units. Other types of housing that are prevalent in Wheat Ridge include large apartment complexes or high rise apartments (26.43%), row houses and other attached homes (10.28%), and a few duplexes, homes converted to apartments, or other small apartment buildings (9.51%).

People in Wheat Ridge primarily live in small (one, two, or no bedroom) single-family detached homes. Wheat Ridge 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. Wheat Ridge's housing was primarily built during this period, from the '40s through the '60s. A full 62.27% of the city's housing hails from this era. Other housing ages represented in Wheat Ridge include homes built between 1970-1994 (28.78%), and housing constructed from 1939 and earlier (6.08%). There's also some housing in Wheat Ridge built between 1995 and later (2.87%).

Wheat Ridge home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Wheat Ridge, where house values have increased just 38.39%, which is an average annual increase of 3.83%. NeighborhoodScout's data show that in the latest quarter, Wheat Ridge house values appreciated 1.09%, which is an annualized rate of 4.36%. This rate is lower than the appreciation rate found in 30% of the cities and towns in America.

Over the last year, Wheat Ridge appreciation rates have trailed the rest of the nation. In the last twelve months, Wheat Ridge's appreciation rate has been -1.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wheat Ridge were at 1.09%, which equates to an annual appreciation rate of 4.36%.

Relative to Colorado, our data show that Wheat Ridge's latest annual appreciation rate is higher than 15% 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 Wheat Ridge differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Wheat Ridge - 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 Wheat Ridge real estate investment or home purchase decisions.