Denver CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Denver, 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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Denver Housing Market Information

With 716,492 people, 294,358 houses or apartments, and a median cost of homes of $449,361, real estate costs in Denver are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Colorado communities.

Single-family detached homes are the single most common housing type in Denver, accounting for 45.10% of the city's housing units. Other types of housing that are prevalent in Denver include large apartment complexes or high rise apartments ( 40.88%), row houses and other attached homes ( 7.88%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.75%).

People in Denver primarily live in small (one, two or no bedroom) single-family detached homes. Denver has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Denver's housing was primarily built during this period, from the '40s through the '60s. A full 33.38% of the city's housing hails from this era. Other housing ages represented in Denver include homes built between 1970-1999 ( 28.46%) and housing constructed before 1939 ( 19.30%). There's also some housing in Denver built between 2000 and later ( 18.86%).

Denver Home Appreciation Rates

In the last 10 years, Denver has experienced some of the highest home appreciation rates of any community in the nation. Denver real estate appreciated 101.06% over the last ten years, which is an average annual home appreciation rate of 7.23%, putting Denver in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Denver definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Denver appreciation rates have trailed the rest of the nation. In the last twelve months, Denver's appreciation rate has been 3.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Denver were at 0.43%, which equates to an annual appreciation rate of 1.73%.

Relative to Colorado, our data show that Denver's latest annual appreciation rate is lower than 80% 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 Denver differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Denver - 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 Denver real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$449,361

Denver, CO HOME PRICES

Value Range
> $1,256,000 3.6
$942,001 - $1,256,000 5.0
$628,001 - $942,000 15.7
$502,001 - $628,000 13.8
$377,001 - $502,000 18.2
$251,001 - $377,000 23.9
$126,001 - $251,000 15.4
$63,001 - $126,000 2.3
$0 - $63,000 2.0

High for CO
Very High for Nation

Value Relative to Nation Value Relative to State
9.23211678832117 26.5217391304348

Number Of Homes And Apartments:
294,358

Denver Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
129.18% 4.23%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,731 / per month

Homeownership Rate

Homeownership
Owners 49.63
Renters 50.37
Vacant 6.27

Housing Market Details

 

Age of Homes

AGE OF Denver HOMES
2000 or Newer 18.9
1970 - 1999 28.5
1940 - 1969 33.4
1939 or Older 19.3

Types of Homes

TYPE OF Denver HOMES
Single-Family 45.1
Townhomes 7.9
Small Apt. Buildings 5.8
Apt. Complexes 40.9
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Denver HOMES
No Bedroom 5.06
1 Bedroom 22.91
2 Bedrooms 31.81
3 Bedrooms 22.96
4 Bedrooms 12.70
5 or more bedrooms 4.56