Northglenn, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Northglenn, CO Housing Market Trends

With 38,819 people, 13,386 houses or apartments, and a median cost of homes of $361,153, Northglenn real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Northglenn, accounting for 57.21% of the city's housing units. Other types of housing that are prevalent in Northglenn include large apartment complexes or high rise apartments ( 30.58%), row houses and other attached homes ( 8.95%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.83%).

The most prevalent building size and type in Northglenn are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.53% owning and 46.47% renting.

There is a lot of housing in Northglenn 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 Northglenn built between 1940-1969 ( 43.44%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.44%).

Northglenn Home Appreciation Rates

In the last 10 years, Northglenn has experienced some of the highest home appreciation rates of any community in the nation. Northglenn real estate appreciated 105.19% over the last ten years, which is an average annual home appreciation rate of 7.45%, putting Northglenn in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Northglenn definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Northglenn's appreciation rate, at 5.30%, has been at or slightly above the national average. In the latest quarter, Northglenn's appreciation rate has been 2.00%, which annualizes to a rate of 8.26%.

Relative to Colorado, our data show that Northglenn's latest annual appreciation rate is lower than 70% 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 Northglenn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Northglenn - 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 Northglenn real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$361,153

Northglenn, CO HOME PRICES

> $1,217,000
0.2%
0.2%
$912,001 - $1,217,000
0.4%
0.4%
$608,001 - $912,000
1.6%
1.6%
$487,001 - $608,000
5.8%
5.8%
$365,001 - $487,000
38.7%
38.7%
$243,001 - $365,000
34.5%
34.5%
$122,001 - $243,000
16.4%
16.4%
$61,001 - $122,000
1.3%
1.3%
$0 - $61,000
1.0%
1.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for CO

Value Relative To Nation

Number Of Homes And Apartments:
13,386

Northglenn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
103.55% 3.44%
6
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,205 / per month

Homeownership Rate

Owners
53.5%
53.5%
Renters
46.5%
46.5%
Vacant
3.3%
3.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.4%
12.4%
1970 - 1999
43.5%
43.5%
1940 - 1969
43.4%
43.4%
1939 or Older
0.6%
0.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
57.2%
57.2%
Townhomes
9.0%
9.0%
Small Apt. Buildings
2.8%
2.8%
Apt. Complexes
30.6%
30.6%
Mobile Homes
0.4%
0.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.1%
1.1%
1 Bedroom
15.9%
15.9%
2 Bedrooms
20.9%
20.9%
3 Bedrooms
29.1%
29.1%
4 Bedrooms
24.9%
24.9%
5 or more bedrooms
8.2%
8.2%
0.0% 100.0%
% OF HOMES