Westminster, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Westminster Neighborhoods Since 2000




Westminster, 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Westminster Housing Market Information

With a population of 113,130, 42,239 total housing units (homes and apartments), and a median house value of $347,121, real estate costs in Westminster 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 Westminster, accounting for 59.32% of the city's housing units. Other types of housing that are prevalent in Westminster include large apartment complexes or high rise apartments ( 26.73%), row houses and other attached homes ( 8.85%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.36%).

The most prevalent building size and type in Westminster are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.81% owning and 36.19% renting.

There is a lot of housing in Westminster 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 Westminster built between 2000 and later ( 13.25%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.01%).

Westminster Home Appreciation Rates

In the last 10 years, Westminster has experienced some of the highest home appreciation rates of any community in the nation. Westminster real estate appreciated 46.86% over the last ten years, which is an average annual home appreciation rate of 3.92%, putting Westminster in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Westminster 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 Westminster that despite a nationwide downturn in the housing market, Westminster real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Westminster appreciation rates continue to be some of the highest in America, at 12.13%, which is higher than appreciation rates in 97.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Westminster. Westminster appreciation rates in the latest quarter were at 2.55%, which equates to an annual appreciation rate of 10.59%.

Importantly, this makes Westminster 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 Westminster'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 Westminster differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Westminster - 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 Westminster real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$347,121

Westminster, CO HOME PRICES

Value Range
> $1,452,000 0.6
$1,089,001 - $1,452,000 0.6
$726,001 - $1,089,000 4.4
$581,001 - $726,000 6.6
$436,001 - $581,000 13.3
$290,001 - $436,000 37.9
$145,001 - $290,000 30.5
$73,001 - $145,000 2.8
$0 - $73,000 3.4

High for CO
Very High for Nation

Value Relative to Nation Value Relative to State
12.4165006445564 34.061135371179

Number Of Homes And Apartments:
42,239

Westminster Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
63.16% 2.88% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,727 / per month

Homeownership Rate

Homeownership
Owners 63.81
Renters 36.19
Vacant 5.26

Housing Market Details

 

Age of Homes

AGE OF Westminster HOMES
2000 or Newer 13.3
1970 - 1999 73.0
1940 - 1969 13.0
1939 or Older 0.8

Types of Homes

TYPE OF Westminster HOMES
Single-Family 59.3
Townhomes 8.9
Small Apt. Buildings 3.4
Apt. Complexes 26.7
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Westminster HOMES
No Bedroom 0.99
1 Bedroom 12.95
2 Bedrooms 25.02
3 Bedrooms 34.21
4 Bedrooms 20.02
5 or more bedrooms 6.82