Welby CDP Colorado Area Home Supply Charts

This page looks at a variety of Welby 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. Welby CDP depicts it has a Housing Units of 5,958 which is the second most of all the places in the metro area.

Figure 2 illustrates the housing density in the Welby CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Welby CDP shows it has a Housing Density of 1612.2 which is in the mid range of other places in the greater region. The place with the highest housing density in the area is Federal Heights which shows a density of 2958.1 (about twice as large). Comparing housing density to the United States average of 39.5, Welby CDP is substantially bigger. Also, compared to the state of Colorado, housing density of 23.7, Welby CDP is quite a bit bigger.

In Figure 4, Welby CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Welby CDP shows it has a Housing Unit Change of 11.3% which is the second most housing units of all the places in the greater Welby CDP region. The place with the highest change in the housing units in the area is Twin Lakes CDP-Adams County which depicts a housing units of 27.7% (approximately 2.4 times bigger). Comparing change in the housing units to the United States average of 7.4%, Welby CDP is 53.2% larger. Also, versus the state of Colorado, change in the housing units of 10.9%, Welby CDP is only about 3.5% larger.

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.) Welby CDP indicates it has a Renter Percent of 28.2% which is the smallest in order of renter percent of all the other 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 71.8% which is the largest of all places in the greater Welby CDP region.

Welby CDP Colorado Home Cost Charts

Looking at the housing data provided in Figure 7, the average Welby CDP home price is illustrated for this community and a useful analysis of affordable housing. Welby CDP shows it has a Median Home Value of $251,400 which is less than most other places in the local area. The place with the highest median home price in the area is Twin Lakes CDP-Adams County which shows a home price of $427,500 (70.0% larger). Figure 8 provides aggregate comparative data for the Welby CDP Colorado metro area in terms of the median housing rental rate, apartment rent, etc. Welby CDP depicts it has a Median Gross Rent of $1,411 which is the third most rental rates of all other places in the greater Welby CDP region. The place with the highest rental rates in the area is Berkley CDP which shows a rental rates of $1,501 (6.4% larger). Comparing rental rates to the United States average of $1,163, Welby CDP is 21.3% larger. Also, compared to the state of Colorado, rental rates of $1,437, Welby CDP is about the same size.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Welby CDP has one of the largest proportions of home price worth less than $50,000 at 4% of the total and is ranked #3. Only #2 Derby CDP (6%), and #1 Federal Heights (26%) are larger. Second, it has the largest proportion of home price worth between $100,000 to $200,000 at 38% of the total and is ranked #1.

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. Welby CDP depicts it has a Median Owner Cost of $1,272 which is the third most median ownership cost of all other places in the greater Welby CDP region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Welby CDP metro area. it has a Owner Cost as % of HH Income of 20% which is in the mid range of other places in the greater 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. Welby CDP depicts it has a Median Home Value as Percent of Median Earnings of 560% which is less than most other places in the local area.

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.) Welby CDP shows it has a Median Owner Costs-With Mortgage of $1,541 which is less than most other places in the local 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 $466 which is less than most other places in the local area.

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. Welby CDP has the percentage of owner cost less than $300 less than most other places in the local area at 8% of the total. Second, it has one of the largest proportions of owner cost between $1,000 and $1,500 at 26% of the total and is ranked #2. The only larger place being Sherrelwood CDP with 29%.

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.) Welby CDP depicts it has a % of Income Owner Costs-With Mortgage of 24% which is in the mid point range of other places in the area. The place with the highest cost as a percent of household income in the area is North Washington CDP which indicates a cost as a percent of household income of 51% (about twice as large). 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. Welby CDP depicts it has a % of Income Owner Costs-No Mortgage of 11% which is in the mid range of other places in the local area. The place with the highest cost as a percent of household income in the area is North Washington CDP which shows a cost as a percent of household income of 41% (approximately 3.6 times bigger).

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.) Welby CDP has the percentage of rent as a percent of income is less than 10 pct less than most other places in the local area at 13% of the total. Second, it has the smallest proportion of rent as a percent of income is between 10pct to 20pct at 15% of the total. Third, it has one of the largest proportions of rent as a percent of income is between 30pct to 40pct at 17% of the total and is ranked #2. The only larger place being Twin Lakes CDP-Adams County with 19%. Also, it has the second smallest as measured by rent as a percent of income is less than 10 pct of all the other places in the surrounding region as measured by rent as a percent of income is between 40pct to 50pct at 23% of the total.

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 $1,582 which is in the center range of other places in the metro area. The place with the highest median real estate taxes paid in the area is Twin Lakes CDP-Adams County which shows a taxes paid of $2,706 (71.0% larger). Comparing median real estate taxes paid to the United States average of $2,690, Welby CDP is approximately half the size. Also, compared with the state of Colorado, median real estate taxes paid of $2,017, Welby CDP is approximately three-fourths the size.

Figure 23 shows the rental rate distribution for this area. Welby CDP Colorado has the smallest proportion of rent between 500 and 750 dollars at 4% of the total. Second, it has one of the largest proportions of rent between 750 and 1000 dollars at 51% of the total and is ranked #2. The only larger place being Federal Heights with 55%.

Welby CDP Colorado Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Welby CDP has the largest proportion of Primary Mortgage with 2nd Mortgage and HELOC at 6% of the total and is ranked #1. Second, it has the largest proportion of Primary Mortgage and HELOC at 3% of the total and is ranked #1. Third, it has the largest proportion of Mortgage and 2nd Mortgage at 5% of the total and is ranked #1. Also, it has less than most other places in the local area as measured by With HELOC no Primary Mortgage at 30% of the total.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Welby CDP has the percentage of houses with mortgages less than most other places in the local area at 30% of the total.

Welby CDP Colorado Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.6 which is less than most other places in the surrounding region. The place with the highest family members per housing unit in the area is Derby CDP which depicts a family members per housing unit of 4.2 (16.1% larger). Comparing family members per housing unit to the United States average of 3.3, Welby CDP is 8.3% larger. Also, in comparison with the state of Colorado, family members per housing unit of 3.2, Welby CDP is 12.1% larger.

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 5.3 which is the third most average number of rooms in a house of all other places in the greater Welby CDP region. The place with the highest average number of rooms in a house in the area is Twin Lakes CDP-Adams County which shows an average number of rooms in a house of 6.8 (28.3% larger). 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 1975 which is the second most year built of all the places in the greater Welby CDP region. The place with the highest year built in the area is Federal Heights which shows a year built of 1988 ( 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 in the mid range of other places in the local area at 1% of the total. Second, it has in the center range of other places in the metro area in terms of homes built between 2010 to 2019 at 11% of the total. Third, it has one of the largest proportions of homes built between 2000 to 2009 at 12% of the total and is ranked #2. The only larger place being Federal Heights with 18%. Also, it has the largest proportion of homes built between 1980 to 1989 at 32% of the total and is ranked #1. In addition, it has less than most other places in the greater region in order of homes built between 1960 to 1969 at 15% of the total. Furthermore, it has less than most other places in the surrounding region in terms of homes built between 1940 to 1949 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. it has one of the largest proportions of owner housing units at 1,604 of the total and is ranked #3. Only #2 Sherrelwood CDP (2,082), and #1 Federal Heights (2,241) are larger.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of one unit detached at 12% of the total and is ranked #1. Second, it has the largest proportion of 2 units at 6% of the total and is ranked #1. Third, it has less than most other places in the local area in order of 50 or more units at 11% of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 2010 to 2013 at $269,200 of the total and is ranked #3. Only #2 Sherrelwood CDP ($343,800), and #1 Berkley CDP ($366,100) are larger. Second, it has one of the largest proportions of value of homes built 2000 to 2009 at $235,400 of the total and is ranked #3. Only #2 Sherrelwood CDP ($248,800), and #1 Berkley CDP ($417,700) are larger. Third, it has one of the largest proportions of value of homes built 1990 to 1999 at $224,400 of the total and is ranked #3. Only #2 Sherrelwood CDP ($364,600), and #1 Twin Lakes CDP-Adams County ($425,000) are larger. Also, it has less than most other places in the metro area in terms of value of homes built 1980 to 1989 at $227,600 of the total. In addition, it has less than most other places in the metropolitan area when sorted by value of homes built 1970 to 1979 at $278,300 of the total. Furthermore, it has less than most other places in the greater region as measured by value of homes built 1960 to 1969 at $317,100 of the total. Next it has one of the largest proportions of value of homes built 1940 to 1949 at $228,100 of the total and is ranked #3. Only #2 Berkley CDP ($323,600), and #1 Derby CDP ($388,100) are larger.

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 Welby CDP residents. it has a Owner-Household Size of 2.8 which is in the mid range of other places in the greater region. The place with the highest homeowner household size in the area is Derby CDP which shows a homeowner household size of 3.7 (29.8% larger).

Figure 37 shows the household size for renters. Welby CDP depicts it has a Renter-Household Size of 3.0 which is in the mid point range of other places in the local area. The place with the highest renter household size in the area is Derby CDP which shows a renter household sizes of 3.4 (15.8% larger). Figure 38 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 2019 or later at 32% of the total and is ranked #1. Second, it has the second smallest when sorted by owners moved in 2019 or later of all the other places in the local area when sorted by owners moved in 2000 to 2009 at 9% of the total. Figure 39 shows the year that people who rent moved into the area. Welby CDP has the percentage of renters moved in 2015 to 2018 the second smallest as measured by renters moved in 2019 or later of all the other places in the surrounding region at 16% 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 2012 which is the second most median year that a home owner moved in of all the places in the greater Welby CDP region. Figure 41 compares the median year that renters moved into their home. Welby CDP indicates it has a Renter Median Year Moved In of 2017 which is the most of all places in the greater Welby CDP region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the percentage of home using bottled, tank, or lp gas less than most other places in the local area at 24% of the total.