Cherry Hills Village, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Cherry Hills Village Neighborhoods Since 2000




Cherry Hills Village, CO Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Cherry Hills Village Housing Market Information

With 6,539 people, 2,065 houses or apartments, and a median cost of homes of $1,822,182, 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 ( 96.61%).

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 ( 32.79%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.50%). There's also some housing in Cherry Hills Village built before 1939 ( 3.10%).

Cherry Hills Village Home Appreciation Rates

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 49.28% over the last ten years, which is an average annual home appreciation rate of 4.09%, 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 9.66%, which is higher than appreciation rates in 92.82% 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 2.55%, which equates to an annual appreciation rate of 10.59%.

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 60% of the other cities and towns in Colorado.

Average Home Values

 

Median Home Value:
$1,822,182

Cherry Hills Village, CO HOME PRICES

Value Range
> $1,360,000 72.6
$1,020,001 - $1,360,000 16.9
$680,001 - $1,020,000 6.9
$544,001 - $680,000 0.0
$408,001 - $544,000 0.4
$272,001 - $408,000 0.8
$136,001 - $272,000 1.8
$68,001 - $136,000 0.4
$0 - $68,000 0.3

Very High for CO
Very High for Nation

Value Relative to Nation Value Relative to State
0.246103363412633 0.436681222707424

Number Of Homes And Apartments:
2,065

Cherry Hills Village Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
73.36% 3.24% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,937 / per month

Homeownership Rate

Homeownership
Owners 96.61
Renters 3.39
Vacant 5.84

Housing Market Details

 

Age of Homes

AGE OF Cherry Hills Village HOMES
2000 or Newer 14.5
1970 - 1999 49.6
1940 - 1969 32.8
1939 or Older 3.1

Types of Homes

TYPE OF Cherry Hills Village HOMES
Single-Family 99.0
Townhomes 1.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Cherry Hills Village HOMES
No Bedroom 0.00
1 Bedroom 0.82
2 Bedrooms 3.28
3 Bedrooms 16.64
4 Bedrooms 34.06
5 or more bedrooms 45.19

Popular Neighborhoods in Cherry Hills Village

Zip Codes in Cherry Hills Village, CO