Commerce City, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Commerce City Neighborhoods Since 2000




Commerce City, 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

Commerce City Housing Market Information

With a population of 53,696, 14,704 total housing units (homes and apartments), and a median house value of $304,477, Commerce City real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Commerce City, accounting for 74.32% of the city's housing units. Other types of housing that are prevalent in Commerce City include large apartment complexes or high rise apartments ( 10.89%), row houses and other attached homes ( 8.03%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.79%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Commerce City. Owner-occupied housing accounts for 70.59% of Commerce City's homes, and 62.47% have either three or four bedrooms, which is average sized relative to America.

Commerce City homes and real estate are some of the newest in America. 53.53% of Commerce City's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Commerce City real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 28.11%), and between 1970-1999 ( 15.05%). There's also some housing in Commerce City built before 1939 ( 3.30%).

Commerce City Home Appreciation Rates

In the last 10 years, Commerce City has experienced some of the highest home appreciation rates of any community in the nation. Commerce City real estate appreciated 41.45% over the last ten years, which is an average annual home appreciation rate of 3.53%, putting Commerce City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Commerce City 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 Commerce City that despite a nationwide downturn in the housing market, Commerce City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Commerce City appreciation rates continue to be some of the highest in America, at 14.41%, which is higher than appreciation rates in 99.18% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Commerce City. Commerce City appreciation rates in the latest quarter were at 2.55%, which equates to an annual appreciation rate of 10.59%.

Importantly, this makes Commerce City 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 Commerce City's latest annual appreciation rate is higher than 90% 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 Commerce City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Commerce City - 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 2000, to assist you in making the best Commerce City real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$304,477

Commerce City, CO HOME PRICES

Value Range
> $1,602,000 0.2
$1,202,001 - $1,602,000 0.1
$801,001 - $1,202,000 1.4
$641,001 - $801,000 1.8
$481,001 - $641,000 9.2
$320,001 - $481,000 29.6
$161,001 - $320,000 43.9
$80,001 - $161,000 7.2
$0 - $80,000 6.6

Average for CO
Very High for Nation

Value Relative to Nation Value Relative to State
15.9557013945857 46.7248908296943

Number Of Homes And Apartments:
14,704

Commerce City 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
49.67% 2.37% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,946 / per month

Homeownership Rate

Homeownership
Owners 70.59
Renters 29.41
Vacant 5.18

Housing Market Details

 

Age of Homes

AGE OF Commerce City HOMES
2000 or Newer 53.5
1970 - 1999 15.1
1940 - 1969 28.1
1939 or Older 3.3

Types of Homes

TYPE OF Commerce City HOMES
Single-Family 74.3
Townhomes 8.0
Small Apt. Buildings 3.8
Apt. Complexes 10.9
Mobile Homes 2.9
Other 0.1

Home Size

SIZE OF Commerce City HOMES
No Bedroom 1.03
1 Bedroom 5.33
2 Bedrooms 23.90
3 Bedrooms 44.75
4 Bedrooms 17.72
5 or more bedrooms 7.27