Cherry Hills Village, CO Real Estate Market

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 Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Cherry Hills Village, CO Housing Market Trends

With a population of 6,442, 2,250 total housing units (homes and apartments), and a median house value of $2,209,580, 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 ( 93.82%).

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 ( 41.05%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.19%). There's also some housing in Cherry Hills Village built before 1939 ( 1.63%).

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 131.54% over the last ten years, which is an average annual home appreciation rate of 8.76%, 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 22.85%, which is higher than appreciation rates in 84.91% 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 8.14%, which equates to an annual appreciation rate of 36.76%.

Relative to Colorado, our data show that Cherry Hills Village's latest annual appreciation rate is lower than 70% of the other cities and towns in Colorado.

Average Home Values

 

Median Home Value:
$2,209,580

Cherry Hills Village, CO HOME PRICES

> $1,131,000
87.6%
87.6%
$848,001 - $1,131,000
7.8%
7.8%
$565,001 - $848,000
1.7%
1.7%
$452,001 - $565,000
0.9%
0.9%
$339,001 - $452,000
1.0%
1.0%
$226,001 - $339,000
0.0%
0.0%
$113,001 - $226,000
0.0%
0.0%
$56,001 - $113,000
0.5%
0.5%
$0 - $56,000
0.6%
0.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for CO

Value Relative To Nation

Number Of Homes And Apartments:
2,250

Cherry Hills Village Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
152.34% 4.30%
6
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,783 / per month

Homeownership Rate

Owners
93.8%
93.8%
Renters
6.2%
6.2%
Vacant
5.9%
5.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
15.2%
15.2%
1970 - 1999
42.1%
42.1%
1940 - 1969
41.0%
41.0%
1939 or Older
1.6%
1.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
99.1%
99.1%
Townhomes
0.0%
0.0%
Small Apt. Buildings
0.0%
0.0%
Apt. Complexes
0.9%
0.9%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
0.5%
0.5%
2 Bedrooms
1.3%
1.3%
3 Bedrooms
13.7%
13.7%
4 Bedrooms
35.9%
35.9%
5 or more bedrooms
48.7%
48.7%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Cherry Hills Village

Zip Codes in Cherry Hills Village, CO