Westminster, CO—80031
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 $500,000, with a year-over-year change of -2.6%. This indicates that home prices in Westminster, CO are decreasing. According to Zillow, the 1-year price projection is -1.4%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $500,000 | -2.6% |
| Single Family | $514,000 | -2.3% |
| Condos | $324,000 | -4.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $201,000 | -5.6% |
2 Bed | $391,000 | -3.2% |
3 Bed | $490,000 | -2.6% |
4 Bed | $600,000 | -1.3% |
| 5 Bed | $708,000 | -1.9% |
% of Housing Stock
Rental Trends — Westminster, CO
As of July '25, Rentcast reports the average rent in Westminster, CO is $2,300, with a year-over-year rent change of -2.5%. Per bedroom, the median rent as of July '25 in Westminster, CO is studios: $1,550, 1-bedrooms: $1,300, 2-bedrooms: $2,040, 3-bedrooms: $2,530, 4-bedrooms: $3,020. The most common rental property sizes in Westminster, CO are 2-bedroom and 1-bedroom, accounting for 32.3% and 31.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,300 |
| Studio Rent | $1,450 | $1,550 |
| 1 Bed Rent | $1,320 | $1,300 |
| 2 Bed Rent | $2,000 | $2,040 |
| 3 Bed Rent | $2,500 | $2,530 |
| 4 Bed Rent | $2,990 | $3,020 |
% 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 47. This is a increase of 23.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $530,000 | 2.0% |
Listing Count | 170 | 37.0% |
| Listings as % of Homes | 0.4% | 37.0% |
Days on Market | 47 | 23.0% |
Demographics — Westminster, CO
As of the latest ACS Survey released in 2023, Westminster, CO has a population of 36,400, which has increased by 2.4% over the past 5 years. Westminster, CO is a moderately popular place for families, as children make up 18.8% of the population. The area has a moderately educated workforce, with 44.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,400 | 2.4% |
% Under 18 | 18.8% | -17.5% |
% Seniors | 16.0% | 3.2% |
% WFH | 20.3% | 238.3% |
% w/ College Degree | 44.0% | 12.0% |
As of the latest ACS Survey released in 2023, Westminster, CO is a predominantly white area, with 64.4% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Westminster, CO is hispanic, making up 25.9% of the population. Foreign-born residents account for 10.1% of the population in Westminster, CO, and this percentage has increased by 6.3% 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 | 64.4% | -3.0% |
% Black | 1.6% | -15.8% |
% Hispanic | 25.9% | 12.6% |
% Asian | 5.1% | -23.9% |
% Foreign Born | 10.1% | 6.3% |
Mortgage and Risk — Westminster, CO
According to HUD data as of 2023, there were 689 mortgage originations in Westminster, CO, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 24.0% 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 | 689 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% 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 5.5%. 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. In Westminster, CO, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 330 |
Total Units Section 8 | 232 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $590 | $1,320 | $1,910 |
| 2 Bedroom | $290 | $2,000 | $2,290 |
| 3 Bedroom | $490 | $2,500 | $2,990 |
| 4 Bedroom | $360 | $2,990 | $3,350 |
Affordability — Westminster, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $500,000 |
| Median Household Income | $106,000 |