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These days, finding an affordable place to live in the Arvada area can be challenging. Home prices in Arvada are now at a median cost of $640,446, higher than the Colorado average of $579,698.
The average cost of rent is $2,215/mo in Arvada, primarily driven by the current value of real estate in the Arvada area. In Arvada, 24.03% of households rent, and 27.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Arvada is $10,541 per month. Households that rent pay about 21.01% of their income on rent here. Arvada’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wheat Ridge, CO: equally priced homes
- Fairmount, CO: higher priced homes
- Mountain View, CO: equally priced homes
- Berkley, CO: less expensive homes
- Westminster, CO: less expensive homes
- Applewood, CO: higher priced homes
- Federal Heights, CO: less expensive homes
- Sherrelwood, CO: less expensive homes
- Edgewater, CO: less expensive homes
- Broomfield, CO: equally priced homes
Cities with Similar Populations
- Trenton, NJ: less expensive homes
- Tyler, TX: less expensive homes
- Troy, MI: less expensive homes
- The Woodlands, TX: less expensive homes
- Ventura, CA: higher priced homes
- Temple, TX: less expensive homes
- Valparaiso, IN: less expensive homes
- Virginia Beach, VA: less expensive homes
- Stone Mountain, GA: less expensive homes
- St. Louis, MO: less expensive homes
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