Inverness CDP Colorado Area Home Supply Charts

This page looks at a variety of Inverness CDP 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. Inverness CDP shows it has a Housing Units of 1,579 which is less than most other places in the area.

Figure 2 illustrates the housing density in the Inverness CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Inverness CDP shows it has a Housing Density of 1027.9 which is less than most other places in the metro area. The place with the highest housing density in the area is Meridian CDP which shows a density of 3048.9 (approximately 3.0 times bigger). Comparing housing density to the United States average of 39.5, Inverness CDP is markedly bigger. Also, measured against the state of Colorado, housing density of 23.7, Inverness CDP is very much bigger.

In Figure 4, Inverness CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Inverness CDP depicts it has a Housing Unit Change of 48.3% which is the third most housing units of all other places in the greater Inverness CDP region. The place with the highest change in the housing units in the area is Grand View Estates CDP which depicts a housing units of 59.3% (22.8% larger). Comparing change in the housing units to the United States average of 7.4%, Inverness CDP is substantially bigger. Also, in comparison with the state of Colorado, change in the housing units of 10.9%, Inverness CDP is approximately 4.4 times bigger.

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.) Inverness CDP depicts it has a Renter Percent of 82.7% which is the highest of all places in the metro area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 17.3% which is the smallest in order of owner percent of all the other places in the area.

Inverness CDP Colorado Home Cost Charts

Looking at the housing data provided in Figure 7, the average Inverness CDP home price is illustrated for this community and a useful analysis of affordable housing. Inverness CDP shows it has a Median Home Value of $670,100 which is the second most median home prices of all the places in the greater Inverness CDP region. The place with the highest median home price in the area is Cherry Creek CDP which depicts a home price of $701,000 (only about 4.6% larger). Figure 8 provides aggregate comparative data for the Inverness CDP Colorado metro area in terms of the median housing rental rate, apartment rent, etc. Inverness CDP shows it has a Median Gross Rent of $1,830 which is the second most of all the places in the area. The place with the highest rental rates in the area is Acres Green CDP which shows a rental rates of $2,241 (22.5% larger). Comparing rental rates to the United States average of $1,163, Inverness CDP is 57.4% larger. Also, in comparison with the state of Colorado, rental rates of $1,437, Inverness CDP is 27.3% larger.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Inverness CDP has the percentage of home price worth between $200,000 to $300,000 less than most other places in the surrounding region at 7% of the total. Second, it has the largest proportion of home price worth between $500,000 to $750,000 at 30% of the total and is ranked #1. Third, it has one of the largest proportions of home price worth between $1,000,000 to $1,500,000 at 7% of the total and is ranked #3. Only #2 Grand View Estates CDP (9%), and #1 Cherry Creek CDP (11%) are larger. Also, it has one of the largest proportions of home price worth between $1,500,000 to $2,000,000 at 7% of the total and is ranked #3. Only #2 Grand View Estates CDP (9%), and #1 Cherry Creek CDP (11%) are larger.

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. Inverness CDP depicts it has a Median Owner Cost of $2,504 which is the second most median ownership cost of all the places in the greater Inverness CDP region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Inverness CDP metro area. it has a Owner Cost as % of HH Income of 22% which is the second most cost as a percent of household income of all the places in the greater Inverness CDP region. 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. Inverness CDP depicts it has a Median Home Value as Percent of Median Earnings of 778% which is the second most median home value as a percent of median worker earnings of all the places in the greater Inverness CDP 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.) Inverness CDP depicts it has a Median Owner Costs-With Mortgage of $2,673 which is the third most of all other places in the metro area. 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 $781 which is the largest of all places in the greater 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. Inverness CDP has the largest proportion of owner cost between $500 and $700 at 18% of the total and is ranked #1. Second, it has the smallest proportion of owner cost between $1,000 and $1,500 at 8% of the total. Third, it has the largest proportion of owner cost between $2,000 and $2,500 at 27% of the total and is ranked #1. Also, it has the largest proportion of owner cost between $3,500 and $4,000 at 23% 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.) Inverness CDP shows it has a % of Income Owner Costs-With Mortgage of 25% which is at the top of all other places in the greater Inverness CDP region. 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. Inverness CDP depicts 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 Inverness CDP region. The place with the highest cost as a percent of household income in the area is Dove Valley CDP which depicts a cost as a percent of household income of 14% (56.7% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Inverness CDP has the largest proportion of rent as a percent of income is less than 10 pct at 40% of the total and is ranked #1. Second, it has the smallest proportion of rent as a percent of income is between 10pct to 20pct at 19% of the total. Third, it has the second smallest when sorted by rent as a percent of income is less than 10 pct of all the other places in the area in order of rent as a percent of income is between 20pct to 30pct at 7% of the total. Also, it has the second smallest in terms of rent as a percent of income is less than 10 pct of all the other places in the metro area in order of rent as a percent of income is between 30pct to 40pct at 4% of the total. In addition, it has the largest proportion of rent as a percent of income is between 40pct to 50pct at 25% of the total and is ranked #1.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Inverness CDP has the largest proportion of housing cost between $1,000 and $1,500 at 47% of the total and is ranked #1. Second, it has the largest proportion of housing cost between $1,500 and $2,000 at 26% 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 $3,773 which is the second most median real estate taxes paid of all the places in the greater Inverness CDP region. The place with the highest median real estate taxes paid in the area is Cherry Creek CDP which depicts a taxes paid of $4,193 (11.1% larger). Comparing median real estate taxes paid to the United States average of $2,690, Inverness CDP is 40.3% larger. Also, compared with the state of Colorado, median real estate taxes paid of $2,017, Inverness CDP is about twice as large.

Figure 23 shows the rental rate distribution for this area. Inverness CDP Colorado has the largest proportion of rent between 1000 and 1500 dollars at 82% of the total and is ranked #1.

Inverness CDP Colorado Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Inverness CDP has one of the largest proportions of With mortgage at 73% of the total and is ranked #2. The only larger place being Dove Valley CDP with 74%. Second, it has the second smallest when ranked by With Mortgage of all the other places in the local area as measured by No 2nd Mortgage or HELOC at 9% of the total. Third, it has the second smallest when sorted by With Mortgage of all the other places in the area when ranked by With HELOC no Primary Mortgage at 18% of the total.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Inverness CDP has the percentage of houses with mortgages the second smallest as measured by houses with a mortgage of all the other places in the greater region at 18% of the total.

Inverness CDP Colorado Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 2.6 which is the smallest as measured by family members per housing unit of all the other places in the greater region. The place with the highest family members per housing unit in the area is Cherry Creek CDP which shows a family members per housing unit of 3.2 (23.6% larger). Comparing family members per housing unit to the United States average of 3.3, Inverness CDP is approximately three-fourths the size. Also, measured against the state of Colorado, family members per housing unit of 3.2, Inverness CDP is about 22.8% 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 3.9 which is the second smallest in terms of average number of rooms in a house of all the other places in the local area. The place with the highest average number of rooms in a house in the area is Grand View Estates CDP which depicts an average number of rooms in a house of 8.3 (about twice as large). 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 2011 which is the largest of all places in the greater Inverness CDP region.

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built in 2020 or later at 55% of the total and is ranked #1. Second, it has one of the largest proportions of homes built between 2010 to 2019 at 36% of the total and is ranked #3. Only #2 Meridian CDP (46%), and #1 Dove Valley CDP (59%) are larger. Third, it has the second smallest in order of homes built in 2020 or later of all the other places in the metro area as measured by homes built between 2000 to 2009 at 5% of the total. Also, it has the smallest proportion of homes built between 1990 to 1999 at 2% of the total. In addition, it has the second smallest in order of homes built in 2020 or later of all the other places in the local area as measured by homes built between 1980 to 1989 at 1% 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 percentage of owner housing units in the center range of other places in the metro area at 1,152 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. has the percentage of 5 to 9 units in the mid point range of other places in the local area at 3% of the total. Second, it has the largest proportion of 10 to 19 units at 43% of the total and is ranked #1. Third, it has the largest proportion of 20 to 49 units at 39% of the total and is ranked #1.

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 $796,100 of the total and is ranked #1. Second, it has one of the largest proportions of value of homes built 2010 to 2013 at $602,900 of the total and is ranked #2. The only larger place being Cherry Creek CDP with $1,075,000.

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 Inverness CDP residents. it has a Owner-Household Size of 2.1 which is the smallest as measured by homeowner household size of all the other places in the metro area. The place with the highest homeowner household size in the area is Grand View Estates CDP which shows a homeowner household size of 3.2 (53.6% larger).

Figure 37 shows the household size for renters. Inverness CDP shows it has a Renter-Household Size of 1.6 which is the smallest in order of renter household size of all the other places in the metro area. The place with the highest renter household size in the area is Centennial which depicts a renter household sizes of 2.4 (49.4% 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 41% of the total and is ranked #2. The only larger place being Meridian CDP with 56%. Second, it has the largest proportion of owners moved in 2015 to 2018 at 31% of the total and is ranked #1. Third, it has the smallest proportion of owners moved in 2010 to 2014 at 3% of the total. Also, it has one of the largest proportions of owners moved in 1990 to 1999 at 16% of the total and is ranked #2. The only larger place being Acres Green CDP with 29%. Figure 39 shows the year that people who rent moved into the area. Inverness CDP has one of the largest proportions of renters moved in 2019 or later at 72% of the total and is ranked #3. Only #2 Acres Green CDP (82%), and #1 Grand View Estates CDP (100%) are larger. Second, it has the second smallest in order of renters moved in 2019 or later of all the other places in the surrounding region when sorted by renters moved in 2015 to 2018 at 3% of the total.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2015 which is the second most median year that a home owner moved in of all the places in the greater Inverness CDP region. Figure 41 compares the median year that renters moved into their home. Inverness CDP indicates it has a Renter Median Year Moved In of 2018 which is the largest of all places in the greater Inverness CDP region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has one of the largest proportions of home using bottled, tank, or lp gas at 37% of the total and is ranked #2. The only larger place being Meridian CDP with 49%.