Cherry Hills Village, CO—80113
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cherry Hills Village, CO
As of Oct '25, the median home price in Cherry Hills Village, CO is $636,000, with a year-over-year change of -3.0%. This indicates that home prices in Cherry Hills Village, CO are decreasing. According to Zillow, the 1-year price projection is -1.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $636,000 | -3.0% |
| Single Family | $640,000 | -3.3% |
| Condos | $547,000 | -0.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $397,000 | -4.8% |
2 Bed | $494,000 | -2.9% |
3 Bed | $607,000 | -3.2% |
4 Bed | $1,196,000 | -0.5% |
| 5 Bed | $3,331,000 | 2.7% |
% of Housing Stock
Rental Trends — Cherry Hills Village, CO
As of July '25, Rentcast reports the average rent in Cherry Hills Village, CO is $1,870, with a year-over-year rent change of -5.6%. Per bedroom, the median rent as of July '25 in Cherry Hills Village, CO is studios: $1,180, 1-bedrooms: $1,280, 2-bedrooms: $2,170, 3-bedrooms: $2,890, 4-bedrooms: $3,580. The most common rental property sizes in Cherry Hills Village, CO are 1-bedroom and 2-bedroom, accounting for 41.5% and 35.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,620 | $1,870 |
| Studio Rent | $960 | $1,180 |
| 1 Bed Rent | $1,200 | $1,280 |
| 2 Bed Rent | $1,960 | $2,170 |
| 3 Bed Rent | $2,700 | $2,890 |
| 4 Bed Rent | $3,100 | $3,580 |
% of Rental Stock
Property Listings — Cherry Hills Village, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Cherry Hills Village, CO is 49. This is a increase of 28.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $702,000 | -15.0% |
Listing Count | 111 | 10.0% |
| Listings as % of Homes | 0.4% | 10.0% |
Days on Market | 49 | 28.0% |
Demographics — Cherry Hills Village, CO
As of the latest ACS Survey released in 2023, Cherry Hills Village, CO has a population of 22,600, which has decreased by -2.2% over the past 5 years. Cherry Hills Village, CO is a moderately popular place for families, as children make up 17.8% of the population. The area has a highly educated workforce, with 57.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,600 | -2.2% |
% Under 18 | 17.8% | -11.0% |
% Seniors | 17.1% | 11.0% |
% WFH | 22.5% | 208.2% |
% w/ College Degree | 57.6% | 12.5% |
As of the latest ACS Survey released in 2023, Cherry Hills Village, CO is a predominantly white area, with 75.3% of the population identifying as white. The white population has shrunk by 9.4% in the last 5 years. The second most common race or ethnicity in Cherry Hills Village, CO is hispanic, making up 14.9% of the population. Foreign-born residents account for 7.1% of the population in Cherry Hills Village, CO, and this percentage has increased by 20.3% 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 | 75.3% | -9.4% |
% Black | 2.9% | -6.5% |
% Hispanic | 14.9% | 43.3% |
% Asian | 1.5% | 25.0% |
% Foreign Born | 7.1% | 20.3% |
Mortgage and Risk — Cherry Hills Village, CO
According to HUD data as of 2023, there were 322 mortgage originations in Cherry Hills Village, CO, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Cherry Hills Village, CO. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 322 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Cherry Hills Village, CO
As of 2024, the percent of homes in Cherry Hills Village, CO under the Section 8 program is 5.8%. 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 Cherry Hills Village, CO, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 435 |
Total Units Section 8 | 333 |
% Rentals under Section 8 | 5.8% |
% Occupied Section 8 | 85.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $460 | $1,200 | $1,660 |
| 2 Bedroom | $30 | $1,960 | $1,990 |
| 3 Bedroom | -$110 | $2,700 | $2,590 |
| 4 Bedroom | -$190 | $3,100 | $2,910 |
Affordability — Cherry Hills Village, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.8 |
| Median Home Price | $636,000 |
| Median Household Income | $95,500 |