With a population of 6,539, 2,085 total housing units (homes and apartments), and a median house value of $1,794,054, 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 98% of the communities in America.
The large homes that make up Cherry Hills Village are primarily owner-occupied ( 96.12%).
There is a lot of housing in Cherry Hills Village built from 1970 to 1999 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 Cherry Hills Village built between 1940-1969 ( 34.77%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.71%). There's also some housing in Cherry Hills Village built before 1939 ( 2.87%).
In the last 10 years, Cherry Hills Village has experienced some of the highest home appreciation rates of any community in the nation. Cherry Hills Village real estate appreciated 31.14% over the last ten years, which is an average annual home appreciation rate of 2.75%, putting Cherry Hills Village in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Cherry Hills Village definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Cherry Hills Village that despite a nationwide downturn in the housing market, Cherry Hills Village real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cherry Hills Village appreciation rates continue to be some of the highest in America, at 9.95%, which is higher than appreciation rates in 97.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cherry Hills Village. Cherry Hills Village appreciation rates in the latest quarter were at 3.81%, which equates to an annual appreciation rate of 16.13%.
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 90% of the other cities and towns in Colorado.
|$1,139,001 - $1,519,000||15.3|
|$760,001 - $1,139,000||6.5|
|$608,001 - $760,000||0.8|
|$456,001 - $608,000||1.4|
|$304,001 - $456,000||2.2|
|$152,001 - $304,000||2.8|
|$76,001 - $152,000||0.4|
|$0 - $76,000||0.3|
|Value Relative to Nation||Value Relative to State|
|AGE OF Cherry Hills Village HOMES|
|2000 or Newer||11.7|
|1970 - 1999||50.7|
|1940 - 1969||34.8|
|1939 or Older||2.9|
|TYPE OF Cherry Hills Village HOMES|
|Small Apt. Buildings||0.0|
|SIZE OF Cherry Hills Village HOMES|
|5 or more bedrooms||42.04|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
2000 Q1 - 2016 Q3
|* 10 is highest|