Westminster CO

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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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Westminster Housing Market Information

With 113,479 people, 43,105 houses or apartments, and a median cost of homes of $385,710, 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 58.77% of the city's housing units. Other types of housing that are prevalent in Westminster include large apartment complexes or high rise apartments ( 26.57%), row houses and other attached homes ( 9.43%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.37%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Westminster. Owner-occupied housing accounts for 65.21% of Westminster's homes, and 54.26% have either three or four bedrooms, which is average sized relative to America.

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 ( 13.70%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.21%). There's also some housing in Westminster built before 1939 ( 1.22%).

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 93.26% over the last ten years, which is an average annual home appreciation rate of 6.81%, 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.

Over the last year, Westminster appreciation rates have trailed the rest of the nation. In the last twelve months, Westminster's appreciation rate has been 2.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Westminster were at 1.69%, which equates to an annual appreciation rate of 6.94%.

Relative to Colorado, our data show that Westminster's latest annual appreciation rate is lower 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:

Westminster, CO HOME PRICES

Value Range
> $1,396,000 0.7
$1,047,001 - $1,396,000 1.2
$698,001 - $1,047,000 6.7
$558,001 - $698,000 10.0
$419,001 - $558,000 21.7
$279,001 - $419,000 35.6
$140,001 - $279,000 19.8
$70,001 - $140,000 1.5
$0 - $70,000 2.8

High for CO
Very High for Nation

Value Relative to Nation Value Relative to State
12.5372262773723 40.0

Number Of Homes And Apartments:

Westminster Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
95.28% 3.45%
* 10 is highest

Rent & Ownership


Average Market Rent:
$2,090 / per month

Homeownership Rate

Owners 65.21
Renters 34.79
Vacant 4.45

Housing Market Details


Age of Homes

AGE OF Westminster HOMES
2000 or Newer 13.7
1970 - 1999 71.9
1940 - 1969 13.2
1939 or Older 1.2

Types of Homes

TYPE OF Westminster HOMES
Single-Family 58.8
Townhomes 9.4
Small Apt. Buildings 3.4
Apt. Complexes 26.6
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Westminster HOMES
No Bedroom 1.31
1 Bedroom 12.42
2 Bedrooms 25.15
3 Bedrooms 33.79
4 Bedrooms 20.47
5 or more bedrooms 6.87