Westminster, CO—80003
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Westminster, CO
As of Oct '25, the median home price in Westminster, CO is $523,000, with a year-over-year change of -1.9%. This indicates that home prices in Westminster, CO are decreasing. According to Zillow, the 1-year price projection is -1.6%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $523,000 | -1.9% |
| Single Family | $528,000 | -2.0% |
| Condos | $295,000 | -8.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $282,000 | -3.8% |
2 Bed | $374,000 | -4.6% |
3 Bed | $515,000 | -2.3% |
4 Bed | $560,000 | -1.9% |
| 5 Bed | $600,000 | -1.6% |
% of Housing Stock
Rental Trends — Westminster, CO
As of July '25, Rentcast reports the average rent in Westminster, CO is $2,190, with a year-over-year rent change of 11.7%. Per bedroom, the median rent as of July '25 in Westminster, CO is 1-bedrooms: $1,300, 2-bedrooms: $1,800, 3-bedrooms: $2,670, 4-bedrooms: $3,790. The most common rental property sizes in Westminster, CO are 2-bedroom and 3-bedroom, accounting for 45.2% and 21.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $2,190 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,300 |
| 2 Bed Rent | $1,680 | $1,800 |
| 3 Bed Rent | $2,750 | $2,670 |
| 4 Bed Rent | $3,200 | $3,790 |
% of Rental Stock
Property Listings — Westminster, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Westminster, CO is 58. This is a increase of 42.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 47.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $561,000 | -1.0% |
Listing Count | 150 | 21.0% |
| Listings as % of Homes | 0.5% | 21.0% |
Days on Market | 58 | 42.0% |
Demographics — Westminster, CO
As of the latest ACS Survey released in 2023, Westminster, CO has a population of 35,400, which has decreased by -4.3% over the past 5 years. Westminster, CO is a moderately popular place for families, as children make up 20.9% of the population. The area has a moderately educated workforce, with 33.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,400 | -4.3% |
% Under 18 | 20.9% | -1.9% |
% Seniors | 15.8% | 10.5% |
% WFH | 19.0% | 265.4% |
% w/ College Degree | 33.3% | 13.7% |
As of the latest ACS Survey released in 2023, Westminster, CO is a predominantly white area, with 61.5% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Westminster, CO is hispanic, making up 27.7% of the population. Foreign-born residents account for 8.5% of the population in Westminster, CO, and this percentage has increased by 3.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 61.5% | -8.5% |
% Black | 1.5% | -34.8% |
% Hispanic | 27.7% | 14.0% |
% Asian | 3.8% | -7.3% |
% Foreign Born | 8.5% | 3.7% |
Mortgage and Risk — Westminster, CO
According to HUD data as of 2023, there were 604 mortgage originations in Westminster, CO, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Westminster, CO. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 604 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Westminster, CO
As of 2024, the percent of homes in Westminster, CO under the Section 8 program is 12.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Westminster, CO, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 549 |
Total Units Section 8 | 549 |
% Rentals under Section 8 | 12.8% |
% Occupied Section 8 | 85.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $380 | $1,300 | $1,680 |
| 2 Bedroom | $330 | $1,680 | $2,010 |
| 3 Bedroom | -$130 | $2,750 | $2,620 |
| 4 Bedroom | -$260 | $3,200 | $2,940 |
Affordability — Westminster, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $523,000 |
| Median Household Income | $82,800 |