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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 3,763 people, 1,476 houses or apartments, and a median cost of homes of $300,006, Denver real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Denver, accounting for 48.03% of the borough's housing units. Other types of housing that are prevalent in Denver include row houses and other attached homes ( 34.42%), duplexes, homes converted to apartments or other small apartment buildings ( 11.12%), and a few large apartment complexes or high rise apartments ( 6.43%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Denver. Owner-occupied housing accounts for 73.32% of Denver's homes, and 73.58% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Denver 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 Denver built between 1940-1969 ( 22.24%). A lesser amount of the housing stock also hails from before 1939 ( 21.42%). There's also some housing in Denver built between 2000 and later ( 9.87%).
Real estate appreciation rates in Denver's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.13% during the period.
Appreciation rates are so strong in Denver that despite a nationwide downturn in the housing market, Denver real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Denver appreciation rates continue to be some of the highest in America, at 8.46%, which is higher than appreciation rates in 88.81% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Denver. Denver appreciation rates in the latest quarter were at -1.10%, which equates to an annual appreciation rate of -4.34%.
Notably, Denver's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Pennsylvania, our data show that Denver's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.
$300,006
for Pennsylvania
for nation
1,476
$1,577 / per month