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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.



Cherry Hills Village, 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

Cherry Hills Village, CO Housing Market Trends

With a population of 6,312, 2,242 total housing units (homes and apartments), and a median house value of $2,567,728, Cherry Hills Village house prices are not only among the most expensive in Colorado, Cherry Hills Village real estate also is some of the most expensive in all of America.

Cherry Hills Village is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Cherry Hills Village than is found in 98% of the communities in America.

The large homes that make up Cherry Hills Village are primarily owner-occupied ( 97.46%).

There is a lot of housing in Cherry Hills Village 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 Cherry Hills Village built between 1940-1969 ( 34.29%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.24%). There's also some housing in Cherry Hills Village built before 1939 ( 2.23%).

Cherry Hills Village Home Appreciation Rates

Appreciation rates for homes in Cherry Hills Village have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.52%, which ranks in the top 30% nationwide. This equates to an annual average Cherry Hills Village house appreciation rate of 7.31%.

Over the last year, Cherry Hills Village appreciation rates have trailed the rest of the nation. In the last twelve months, Cherry Hills Village'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 Cherry Hills Village were at -1.49%, which equates to an annual appreciation rate of -5.84%.

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

Relative to Colorado, our data show that Cherry Hills Village's latest annual appreciation rate is lower than 70% of the other cities and towns in Colorado.

Average Home Values

Median Home Value

$2,567,728

Cherry Hills Village, CO Home Prices
> $1,008,000
$756,001 - $1,008,000
$504,001 - $756,000
$403,001 - $504,000
$302,001 - $403,000
$201,001 - $302,000
$101,001 - $201,000
$51,001 - $101,000
$0 - $51,000
94.4%
94.4%
0.9%
0.9%
2.2%
2.2%
0.6%
0.6%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
2.0%
2.0%
0% 100.0%
% of Homes
Very High

for Colorado

Very High

for nation

Number of Homes And Apartments:

2,242

Cherry Hills Village Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,866 / per month

Homeownership Rate

Owners
Renters
97.5%
97.5%
2.5%
2.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.0%
4.0%
96.0%
96.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
18.2%
18.2%
45.2%
45.2%
34.3%
34.3%
2.2%
2.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
98.6%
98.6%
1.4%
1.4%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
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
0.0%
0.0%
0.0%
0.0%
1.8%
1.8%
11.8%
11.8%
31.5%
31.5%
54.9%
54.9%
0% 100.0%
% of Homes

Popular Neighborhoods in Cherry Hills Village

Zip Codes in Cherry Hills Village, CO