Cherry Creek, Denver, CO—80206
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cherry Creek, Denver, CO
As of Oct '25, the median home price in Cherry Creek, Denver, CO is $830,000, with a year-over-year change of -3.1%. This indicates that home prices in Cherry Creek, Denver, CO are decreasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $830,000 | -3.1% |
| Single Family | $1,014,000 | -2.2% |
| Condos | $415,000 | -6.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $291,000 | -7.9% |
2 Bed | $623,000 | -3.9% |
3 Bed | $995,000 | -2.6% |
4 Bed | $1,263,000 | -1.7% |
| 5 Bed | $1,568,000 | -1.7% |
% of Housing Stock
Rental Trends — Cherry Creek, Denver, CO
As of July '25, Rentcast reports the average rent in Cherry Creek, Denver, CO is $2,090, with a year-over-year rent change of -11.1%. Per bedroom, the median rent as of July '25 in Cherry Creek, Denver, CO is studios: $1,310, 1-bedrooms: $1,560, 2-bedrooms: $2,340, 3-bedrooms: $4,120, 4-bedrooms: $4,410. The most common rental property sizes in Cherry Creek, Denver, CO are 1-bedroom and 2-bedroom, accounting for 45.6% and 32.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $2,090 |
| Studio Rent | $1,250 | $1,310 |
| 1 Bed Rent | $1,400 | $1,560 |
| 2 Bed Rent | $1,990 | $2,340 |
| 3 Bed Rent | $3,980 | $4,120 |
| 4 Bed Rent | $3,980 | $4,410 |
% of Rental Stock
Property Listings — Cherry Creek, Denver, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Cherry Creek, Denver, CO is 55. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $907,000 | -2.0% |
Listing Count | 189 | 11.0% |
| Listings as % of Homes | 0.3% | 11.0% |
Days on Market | 55 | -10.0% |
Demographics — Cherry Creek, Denver, CO
As of the latest ACS Survey released in 2023, Cherry Creek, Denver, CO has a population of 24,600, which has remained stable by 0.1% over the past 5 years. Cherry Creek, Denver, CO is a less popular place for families, as children make up 11.3% of the population. The area has a highly educated workforce, with 77.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,600 | 0.1% |
% Under 18 | 11.3% | 8.7% |
% Seniors | 15.9% | 6.0% |
% WFH | 28.4% | 160.6% |
% w/ College Degree | 77.6% | 5.7% |
As of the latest ACS Survey released in 2023, Cherry Creek, Denver, CO is a predominantly white area, with 79.9% of the population identifying as white. The white population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in Cherry Creek, Denver, CO is hispanic, making up 9.1% of the population. Foreign-born residents account for 5.8% of the population in Cherry Creek, Denver, CO, and this percentage has decreased by 4.9% 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 | 79.9% | -3.3% |
% Black | 4.2% | 10.5% |
% Hispanic | 9.1% | 4.6% |
% Asian | 2.1% | -16.0% |
% Foreign Born | 5.8% | -4.9% |
Mortgage and Risk — Cherry Creek, Denver, CO
According to HUD data as of 2023, there were 410 mortgage originations in Cherry Creek, Denver, CO, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Cherry Creek, Denver, 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 | 410 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Cherry Creek, Denver, CO
As of 2024, the percent of homes in Cherry Creek, Denver, CO under the Section 8 program is 3.7%. 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 Creek, Denver, CO, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 264 |
Total Units Section 8 | 264 |
% Rentals under Section 8 | 3.7% |
% Occupied Section 8 | 91.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $590 | $1,400 | $1,990 |
| 2 Bedroom | $390 | $1,990 | $2,380 |
| 3 Bedroom | -$870 | $3,980 | $3,110 |
| 4 Bedroom | -$500 | $3,980 | $3,480 |
Affordability — Cherry Creek, Denver, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.5 |
| Median Home Price | $830,000 |
| Median Household Income | $102,000 |