Chaffee Park, Denver, CO—80221
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chaffee Park, Denver, CO
As of Oct '25, the median home price in Chaffee Park, Denver, CO is $448,000, with a year-over-year change of -5.3%. This indicates that home prices in Chaffee Park, Denver, 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 | $448,000 | -5.3% |
| Single Family | $450,000 | -5.3% |
| Condos | $296,000 | -5.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $348,000 | -5.7% |
2 Bed | $401,000 | -6.3% |
3 Bed | $448,000 | -5.3% |
4 Bed | $485,000 | -4.9% |
| 5 Bed | $494,000 | -4.6% |
% of Housing Stock
Rental Trends — Chaffee Park, Denver, CO
As of July '25, Rentcast reports the average rent in Chaffee Park, Denver, CO is $2,390, with a year-over-year rent change of -1.6%. Per bedroom, the median rent as of July '25 in Chaffee Park, Denver, CO is studios: $950, 1-bedrooms: $1,350, 2-bedrooms: $2,270, 3-bedrooms: $2,850, 4-bedrooms: $3,200. The most common rental property sizes in Chaffee Park, Denver, CO are 2-bedroom and 1-bedroom, accounting for 38.5% and 22.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,550 | $2,390 |
| Studio Rent | $900 | $950 |
| 1 Bed Rent | $1,210 | $1,350 |
| 2 Bed Rent | $2,300 | $2,270 |
| 3 Bed Rent | $2,850 | $2,850 |
| 4 Bed Rent | $3,200 | $3,200 |
% of Rental Stock
Property Listings — Chaffee Park, Denver, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Chaffee Park, Denver, CO is 60. This is a increase of 13.0% 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 48.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $500,000 | -4.0% |
Listing Count | 178 | 8.0% |
| Listings as % of Homes | 0.5% | 8.0% |
Days on Market | 60 | 13.0% |
Demographics — Chaffee Park, Denver, CO
As of the latest ACS Survey released in 2023, Chaffee Park, Denver, CO has a population of 40,900, which has decreased by -2.6% over the past 5 years. Chaffee Park, Denver, CO is a moderately popular place for families, as children make up 22.7% of the population. The area has a moderately educated workforce, with 27.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,900 | -2.6% |
% Under 18 | 22.7% | 0.4% |
% Seniors | 11.2% | -2.6% |
% WFH | 14.2% | 202.1% |
% w/ College Degree | 27.8% | 56.2% |
As of the latest ACS Survey released in 2023, Chaffee Park, Denver, CO is a predominantly hispanic area, with 57.8% of the population identifying as hispanic. The hispanic population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Chaffee Park, Denver, CO is white, making up 36.2% of the population. Foreign-born residents account for 16.4% of the population in Chaffee Park, Denver, CO, and this percentage has decreased by 21.5% 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 | 36.2% | 6.2% |
% Black | 1.3% | -18.8% |
% Hispanic | 57.8% | -6.0% |
% Asian | 1.7% | 13.3% |
% Foreign Born | 16.4% | -21.5% |
Mortgage and Risk — Chaffee Park, Denver, CO
According to HUD data as of 2023, there were 544 mortgage originations in Chaffee Park, Denver, CO, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Chaffee Park, Denver, 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 | 544 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Chaffee Park, Denver, CO
As of 2024, the percent of homes in Chaffee Park, Denver, CO under the Section 8 program is 6.6%. 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 units appear to be good home sizes to consider for Section 8 housing in Chaffee Park, Denver, CO, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 303 |
Total Units Section 8 | 303 |
% Rentals under Section 8 | 6.6% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $450 | $1,210 | $1,660 |
| 2 Bedroom | -$310 | $2,300 | $1,990 |
| 3 Bedroom | -$260 | $2,850 | $2,590 |
| 4 Bedroom | -$290 | $3,200 | $2,910 |
Affordability — Chaffee Park, Denver, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $448,000 |
| Median Household Income | $84,400 |