Wheat Ridge, CO 80033 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Wheat Ridge, CO—80033

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$583,000

2.3% YoY Growth

Household Income

$84,700

54.6% YoY Growth

Days on Market

5.0% Longer YoY

Home Price Forecast

-1.2%

Median Rent

$1,450

10.1% YoY Growth

1-Bed Rent

$1,350

21.8% YoY Growth

2-Bed Rent

$1,450

21.2% YoY Growth

3-Bed Rent

$2,850

2.5% YoY Growth

Home Price Trends — Wheat Ridge, CO

As of Nov '25, the median home price in Wheat Ridge, CO is $583,000, with a year-over-year change of -2.3%. This indicates that home prices in Wheat Ridge, CO are decreasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$583,000	-2.3%
Single Family	$603,000	-2.3%
Condos	$264,000	-9.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Wheat Ridge, CO

As of July '25, Rentcast reports the average rent in Wheat Ridge, CO is $1,950, with a year-over-year rent change of -10.1%. Per bedroom, the median rent as of July '25 in Wheat Ridge, CO is studios: $1,390, 1-bedrooms: $1,360, 2-bedrooms: $1,600, 3-bedrooms: $3,240, 4-bedrooms: $4,800. The most common rental property sizes in Wheat Ridge, CO are 2-bedroom and 1-bedroom, accounting for 50.7% and 28.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,450	$1,950
Studio Rent	$1,530	$1,390
1 Bed Rent	$1,350	$1,360
2 Bed Rent	$1,450	$1,600
3 Bed Rent	$2,850	$3,240
4 Bed Rent	$3,950	$4,800

Loading chart...

% of Rental Stock

Studio

3.1%

1 Bedroom

28.2%

2 Bedrooms

50.7%

3 Bedrooms

12.4%

4 Bedrooms

2.5%

5+ Bedrooms

3.1%

Property Listings — Wheat Ridge, CO

As of Nov '25, Realtor.com reports that the median days on market for a home in Wheat Ridge, CO is 64. This is a increase of 5.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$625,000	0.0%
Listing Count	112	35.0%
Listings as % of Homes	0.3%	35.0%
Days on Market	64	5.0%

Loading chart...

Demographics — Wheat Ridge, CO

As of the latest ACS Survey released in 2023, Wheat Ridge, CO has a population of 26,800, which has increased by 6.0% over the past 5 years. Wheat Ridge, CO is a moderately popular place for families, as children make up 15.5% of the population. The area has a moderately educated workforce, with 44.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	26,800	6.0%
% Under 18	15.5%	-11.9%
% Seniors	20.9%	2.5%
% WFH	20.2%	197.1%
% w/ College Degree	44.1%	31.6%

Loading chart...

As of the latest ACS Survey released in 2023, Wheat Ridge, CO is a predominantly white area, with 73.5% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Wheat Ridge, CO is hispanic, making up 20.1% of the population. Foreign-born residents account for 4.4% of the population in Wheat Ridge, CO, and this percentage has decreased by 4.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	73.5%	-2.1%
% Black	1.7%	112.5%
% Hispanic	20.1%	-0.5%
% Asian	1.9%	0.0%
% Foreign Born	4.4%	-4.3%

Loading chart...

Mortgage and Risk — Wheat Ridge, CO

According to HUD data as of 2023, there were 483 mortgage originations in Wheat Ridge, CO, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Wheat Ridge, CO. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	483
% Conventional Loans	91.0%
% Government Loans	9.0%
% Investor Loans	3.0%
% Second Loans	1.0%
% Cash Out Refinance	7.0%

Loading chart...

Rentals and Section 8 — Wheat Ridge, CO

As of 2024, the percent of homes in Wheat Ridge, CO under the Section 8 program is 10.6%. 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 Wheat Ridge, CO, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	694
Total Units Section 8	693
% Rentals under Section 8	10.6%
% Occupied Section 8	84.2%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$310	$1,350	$1,660
2 Bedroom	$540	$1,450	$1,990
3 Bedroom	-$260	$2,850	$2,590
4 Bedroom	-$1,040	$3,950	$2,910

Wheat Ridge, CO—80033

Key Metrics at a Glance

Home Price Trends — Wheat Ridge, CO

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wheat Ridge, CO

% of Rental Stock

Property Listings — Wheat Ridge, CO

Demographics — Wheat Ridge, CO

Race and Ethnicity

Mortgage and Risk — Wheat Ridge, CO

Mortgages

Rentals and Section 8 — Wheat Ridge, CO

Section 8 Market Size

Section 8 Opportunity

Affordability — Wheat Ridge, CO

Home Price to Income Ratio

Wheat Ridge, CO — ZIP Code Boundary Map

Nearby ZIP Codes

Arvada, CO

Lakewood, CO

Lakewood, CO

Arvada, CO

Berkeley, Denver, CO

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.9
Median Home Price	$583,000
Median Household Income	$84,700

Wheat Ridge, CO—80033

Key Metrics at a Glance

Home Price Trends — Wheat Ridge, CO

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wheat Ridge, CO

% of Rental Stock

Property Listings — Wheat Ridge, CO

Demographics — Wheat Ridge, CO

Race and Ethnicity

Mortgage and Risk — Wheat Ridge, CO

Mortgages

Rentals and Section 8 — Wheat Ridge, CO

Section 8 Market Size

Section 8 Opportunity

Affordability — Wheat Ridge, CO

Home Price to Income Ratio

Wheat Ridge, CO — ZIP Code Boundary Map

Nearby ZIP Codes

Arvada, CO

Lakewood, CO

Lakewood, CO

Arvada, CO

Berkeley, Denver, CO

Frequently Asked Questions

What is the average home price in Wheat Ridge, CO 80033?

How have home prices in Wheat Ridge, CO 80033 changed over the past year?

What is the home price projection for Wheat Ridge, CO 80033?

What are the demographics of Wheat Ridge, CO 80033?

How long does it take homes to sell in Wheat Ridge, CO 80033?

What is the average rent price in Wheat Ridge, CO 80033?