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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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%).
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Commerce City HOMES|
|2000 or Newer||53.5|
|1970 - 1999||15.1|
|1940 - 1969||28.1|
|1939 or Older||3.3|
|TYPE OF Commerce City HOMES|
|Small Apt. Buildings||3.8|
|SIZE OF Commerce City HOMES|
|5 or more bedrooms||7.27|