Commerce City, 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 Q2 2021. 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

Commerce City, CO Housing Market Trends

With 60,336 people, 16,332 houses or apartments, and a median cost of homes of $359,176, Commerce City real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Commerce City, accounting for 78.68% of the city's housing units. Other types of housing that are prevalent in Commerce City include large apartment complexes or high rise apartments ( 8.09%), row houses and other attached homes ( 7.58%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.51%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Commerce City. Owner-occupied housing accounts for 73.52% of Commerce City's homes, and 65.94% have either three or four bedrooms, which is average sized relative to America.

Commerce City homes and real estate are some of the newest in America. 58.22% of Commerce City's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Commerce City real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 24.66%), and between 1970-1999 ( 15.94%). There's also some housing in Commerce City built before 1939 ( 1.18%).

Commerce City Home Appreciation Rates

In the last 10 years, Commerce City has experienced some of the highest home appreciation rates of any community in the nation. Commerce City real estate appreciated 157.36% over the last ten years, which is an average annual home appreciation rate of 9.91%, putting Commerce City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Commerce City 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, Commerce City appreciation rates have trailed the rest of the nation. In the last twelve months, Commerce City's appreciation rate has been 8.34%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Commerce City were at 3.60%, which equates to an annual appreciation rate of 15.21%.

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

Average Home Values

 

Median Home Value:
$359,176

Commerce City, CO HOME PRICES

> $1,306,000
0.8%
0.8%
$980,001 - $1,306,000
0.3%
0.3%
$653,001 - $980,000
4.5%
4.5%
$522,001 - $653,000
10.2%
10.2%
$392,001 - $522,000
33.4%
33.4%
$261,001 - $392,000
27.9%
27.9%
$131,001 - $261,000
17.6%
17.6%
$65,001 - $131,000
1.1%
1.1%
$0 - $65,000
4.2%
4.2%
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:
16,332

Commerce City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
112.85% 3.58%
5
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,409 / per month

Homeownership Rate

Owners
73.5%
73.5%
Renters
26.5%
26.5%
Vacant
2.9%
2.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
58.2%
58.2%
1970 - 1999
15.9%
15.9%
1940 - 1969
24.7%
24.7%
1939 or Older
1.2%
1.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
78.7%
78.7%
Townhomes
7.6%
7.6%
Small Apt. Buildings
3.5%
3.5%
Apt. Complexes
8.1%
8.1%
Mobile Homes
2.0%
2.0%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.8%
0.8%
1 Bedroom
4.8%
4.8%
2 Bedrooms
19.0%
19.0%
3 Bedrooms
43.8%
43.8%
4 Bedrooms
22.1%
22.1%
5 or more bedrooms
9.4%
9.4%
0.0% 100.0%
% OF HOMES