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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Thornton, 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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Thornton, CO Housing Market Trends

With 143,282 people, 48,466 houses or apartments, and a median cost of homes of $537,337, real estate costs in Thornton 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 Thornton, accounting for 62.35% of the city's housing units. Other types of housing that are prevalent in Thornton include large apartment complexes or high rise apartments ( 18.49%), row houses and other attached homes ( 10.51%), and a few mobile homes or trailers ( 5.65%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Thornton. Owner-occupied housing accounts for 72.46% of Thornton's homes, and 62.61% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Thornton 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 Thornton built between 2000 and later ( 40.55%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.95%).

Thornton Home Appreciation Rates

In the last 10 years, Thornton has experienced some of the highest home appreciation rates of any community in the nation. Thornton real estate appreciated 138.97% over the last ten years, which is an average annual home appreciation rate of 9.10%, putting Thornton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Thornton 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, Thornton appreciation rates have trailed the rest of the nation. In the last twelve months, Thornton's appreciation rate has been 0.91%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Thornton were at -1.49%, which equates to an annual appreciation rate of -5.84%.

Notably, Thornton's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Colorado, our data show that Thornton's latest annual appreciation rate is lower than 60% 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 Thornton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Thornton - 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 Thornton real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$537,337

Thornton, CO Home Prices
> $1,233,000
$926,001 - $1,233,000
$617,001 - $926,000
$494,001 - $617,000
$370,001 - $494,000
$247,001 - $370,000
$124,001 - $247,000
$62,001 - $124,000
$0 - $62,000
1.5%
1.5%
3.5%
3.5%
26.7%
26.7%
29.8%
29.8%
22.8%
22.8%
6.2%
6.2%
2.4%
2.4%
3.0%
3.0%
4.2%
4.2%
0% 100.0%
% of Homes
Average

for Colorado

Very High

for nation

Number of Homes And Apartments:

48,466

Thornton Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,945 / per month

Homeownership Rate

Owners
Renters
72.5%
72.5%
27.5%
27.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.6%
2.6%
97.4%
97.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
40.5%
40.5%
50.2%
50.2%
9.0%
9.0%
0.3%
0.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
62.3%
62.3%
10.5%
10.5%
3.0%
3.0%
18.5%
18.5%
5.6%
5.6%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.2%
1.2%
8.3%
8.3%
19.2%
19.2%
42.9%
42.9%
19.8%
19.8%
8.7%
8.7%
0% 100.0%
% of Homes