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 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

Thornton, CO Housing Market Trends

With 141,464 people, 45,676 houses or apartments, and a median cost of homes of $380,721, 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 63.92% of the city's housing units. Other types of housing that are prevalent in Thornton include large apartment complexes or high rise apartments ( 18.18%), row houses and other attached homes ( 9.01%), and a few mobile homes or trailers ( 6.19%).

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 72.59% of Thornton's homes, and 64.11% 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 ( 36.72%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.26%).

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 108.17% over the last ten years, which is an average annual home appreciation rate of 7.61%, 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.

NeighborhoodScout's data show that during the latest twelve months, Thornton's appreciation rate, at 5.30%, has been at or slightly above the national average. In the latest quarter, Thornton's appreciation rate has been 2.00%, which annualizes to a rate of 8.24%.

Relative to Colorado, our data show that Thornton'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 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:
$380,721

Thornton, CO HOME PRICES

> $1,230,000
0.8%
0.8%
$922,001 - $1,230,000
0.8%
0.8%
$615,001 - $922,000
5.2%
5.2%
$492,001 - $615,000
13.4%
13.4%
$369,001 - $492,000
32.7%
32.7%
$246,001 - $369,000
30.4%
30.4%
$123,001 - $246,000
8.4%
8.4%
$61,001 - $123,000
2.7%
2.7%
$0 - $61,000
5.4%
5.4%
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:
45,676

Thornton 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
102.32% 3.41%
5
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,339 / per month

Homeownership Rate

Owners
72.6%
72.6%
Renters
27.4%
27.4%
Vacant
3.6%
3.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
36.7%
36.7%
1970 - 1999
53.7%
53.7%
1940 - 1969
9.3%
9.3%
1939 or Older
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
63.9%
63.9%
Townhomes
9.0%
9.0%
Small Apt. Buildings
2.7%
2.7%
Apt. Complexes
18.2%
18.2%
Mobile Homes
6.2%
6.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.6%
0.6%
1 Bedroom
9.3%
9.3%
2 Bedrooms
20.2%
20.2%
3 Bedrooms
42.0%
42.0%
4 Bedrooms
22.1%
22.1%
5 or more bedrooms
5.8%
5.8%
0.0% 100.0%
% OF HOMES