Cherry Hills Village Colorado Area Home Supply Charts

This page looks at a variety of Cherry Hills Village Colorado housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Cherry Hills Village shows it has a Housing Units of 2,336 which is the second smallest in order of housing units of all the other places in the local area.

Figure 2 illustrates the housing density in the Cherry Hills Village housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Cherry Hills Village depicts it has a Housing Density of 376.5 which is the smallest as measured by housing density of all the other places in the local area. The city with the highest housing density in the area is Glendale which shows a density of 5158.5 ( very much bigger). Comparing housing density to the United States average of 39.5, Cherry Hills Village is very much bigger. Also, measured against the state of Colorado, housing density of 23.7, Cherry Hills Village is considerably bigger.

In Figure 4, Cherry Hills Village area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Cherry Hills Village depicts it has a Housing Unit Change of 8.6% which is the second most housing units of all the places in the greater Cherry Hills Village region. The city with the highest change in the housing units in the area is Glendale which depicts a housing units of 12.2% (42.2% larger). Comparing change in the housing units to the United States average of 7.4%, Cherry Hills Village is 16.4% larger. Also, compared to the state of Colorado, change in the housing units of 10.9%, Cherry Hills Village is approximately three-fourths the size.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Cherry Hills Village depicts it has a Renter Percent of 3.2% which is the smallest as measured by renter percent of all the other places in the local area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 96.8% which is the most of all places in the greater Cherry Hills Village region.

Cherry Hills Village Colorado Home Cost Charts

Looking at the housing data provided in Figure 7, the average Cherry Hills Village home price is illustrated for this community and a useful analysis of affordable housing. Cherry Hills Village depicts it has a Median Home Value of $2,000,001 which is the largest of all places in the local area.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Cherry Hills Village has the smallest proportion of home price worth between $200,000 to $300,000 at 0% of the total. Second, it has less than most other places in the metro area in order of home price worth between $400,000 to $500,000 at 3% of the total. Third, it has one of the largest proportions of home price worth between $750,000 to $1,000,000 at 18% of the total and is ranked #2. The only larger city being Greenwood Village with 19%. Also, it has one of the largest proportions of home price worth between $1,000,000 to $1,500,000 at 18% of the total and is ranked #2. The only larger city being Greenwood Village with 19%. In addition, it has one of the largest proportions of home price worth between $1,500,000 to $2,000,000 at 18% of the total and is ranked #2. The only larger city being Greenwood Village with 19%.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Cherry Hills Village depicts it has a Median Owner Cost of $4,001 which is is the uppermost of the places in the greater Cherry Hills Village region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Cherry Hills Village metro area. it has a Owner Cost as % of HH Income of 15% which is less than most other places in the local area. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Cherry Hills Village depicts it has a Median Home Value as Percent of Median Earnings of 1046% which is the second most median home value as a percent of median worker earnings of all the places in the greater Cherry Hills Village region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Cherry Hills Village shows it has a Median Owner Costs-With Mortgage of $4,001 which is the largest of all places in the greater Cherry Hills Village region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $1,501 which is the most of all places in the greater Cherry Hills Village region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Cherry Hills Village has the smallest proportion of owner cost between $300 and $500 at 1% of the total. Second, it has the smallest proportion of owner cost between $500 and $700 at 2% of the total. Third, it has less than most other places in the local area in order of owner cost between $700 and $1,000 at 10% of the total. Also, it has the smallest proportion of owner cost between $1,000 and $1,500 at 8% of the total. In addition, it has the largest proportion of owner cost between $3,500 and $4,000 at 56% of the total and is ranked #1.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Cherry Hills Village depicts it has a % of Income Owner Costs-With Mortgage of 19% which is in the middle range of other places in the greater region. The city with the highest cost as a percent of household income in the area is Sheridan which depicts a cost as a percent of household income of 25% (33.9% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Cherry Hills Village shows it has a % of Income Owner Costs-No Mortgage of 9% which is the third most cost as a percent of household income of all other places in the greater Cherry Hills Village region. The city with the highest cost as a percent of household income in the area is Sheridan which depicts a cost as a percent of household income of 17% (about twice as large).

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Cherry Hills Village has the smallest proportion of housing cost between $500 and $700 at 2% of the total. Second, it has the largest proportion of housing cost between $2,500 and $3,000 at 65% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $10,001 which is the highest of all places in the greater Cherry Hills Village region. Comparing median real estate taxes paid to the United States average of $2,690, Cherry Hills Village is approximately 3.7 times bigger. Also, versus the state of Colorado, median real estate taxes paid of $2,017, Cherry Hills Village is approximately 5.0 times bigger.

Figure 23 shows the rental rate distribution for this area. Cherry Hills Village Colorado has the percentage of rent between 1000 and 1500 dollars the second smallest in terms of rent less than 300 dollars of all the other places in the metro area at 10% of the total. Second, it has in the mid point range of other places in the surrounding region in order of rent between $1,500 and $2,500 at 7% of the total.

Cherry Hills Village Colorado Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Cherry Hills Village has the percentage of With mortgage less than most other places in the metro area at 50% of the total. Second, it has the largest proportion of Mortgage and 2nd Mortgage at 1% of the total and is ranked #1. Third, it has in the mid point range of other places in the local area when sorted by With HELOC no Primary Mortgage at 35% of the total.

Cherry Hills Village Colorado Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.1 which is in the middle range of other places in the area. The city with the highest family members per housing unit in the area is Sheridan which shows a family members per housing unit of 3.5 (13.5% larger). Comparing family members per housing unit to the United States average of 3.3, Cherry Hills Village is about 6.2% smaller. Also, versus the state of Colorado, family members per housing unit of 3.2, Cherry Hills Village is only about 2.7% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 10.0 which is the most of all places in the greater Cherry Hills Village region. Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1976 which is in the middle range of other places in the local area. The city with the highest year built in the area is Greenwood Village which shows a year built of 1994 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built in 2020 or later the second smallest in order of homes built in 2020 or later of all the other places in the metro area at 2% of the total. Second, it has one of the largest proportions of homes built between 2010 to 2019 at 16% of the total and is ranked #2. The only larger city being Greenwood Village with 27%. Third, it has one of the largest proportions of homes built between 1970 to 1979 at 22% of the total and is ranked #2. The only larger city being Holly Hills CDP with 41%. Also, it has in the mid range of other places in the area in terms of homes built between 1960 to 1969 at 11% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the smallest proportion of owner housing units at 71 of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has the largest proportion of value of homes built 2014 or later at $2,000,001 of the total and is ranked #1. Second, it has the largest proportion of value of homes built 2010 to 2013 at $2,000,001 of the total and is ranked #1. Third, it has the largest proportion of value of homes built 2000 to 2009 at $2,000,001 of the total and is ranked #1. Also, it has the largest proportion of value of homes built 1990 to 1999 at $2,000,001 of the total and is ranked #1. In addition, it has the largest proportion of value of homes built 1980 to 1989 at $1,572,100 of the total and is ranked #1. Furthermore, it has the largest proportion of value of homes built 1970 to 1979 at $1,495,300 of the total and is ranked #1. Next it has the largest proportion of value of homes built 1960 to 1969 at $1,974,300 of the total and is ranked #1. Additionally, it has the largest proportion of value of homes built 1950 to 1959 at $1,750,000 of the total and is ranked #1. And then, it has the largest proportion of value of homes built 1940 to 1949 at $2,000,001 of the total and is ranked #1.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Cherry Hills Village residents. it has a Owner-Household Size of 2.9 which is the largest of all places in the surrounding region.

Figure 37 shows the household size for renters. Cherry Hills Village shows it has a Renter-Household Size of 2.4 which is the second most renter household sizes of all the places in the greater Cherry Hills Village region. The city with the highest renter household size in the area is Holly Hills CDP which depicts a renter household sizes of 3.8 (55.3% larger). Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2019 or later at 24% of the total and is ranked #3. Only #2 Englewood (24%), and #1 Sheridan (29%) are larger. Figure 39 shows the year that people who rent moved into the area. Cherry Hills Village has the largest proportion of renters moved in 2019 or later at 86% of the total and is ranked #1. Second, it has the largest proportion of renters moved in 1990 to 1999 at 8% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2006 which is in the center range of other places in the local area. Figure 41 compares the median year that renters moved into their home. Cherry Hills Village shows it has a Renter Median Year Moved In of 2017 which is the third most of all other places in the metropolitan area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the smallest proportion of home using bottled, tank, or lp gas at 13% of the total.