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These days, finding an affordable place to live in the Cherry Hills Village area can be challenging. Home prices in Cherry Hills Village are now at a median cost of $1,841,067, higher than the Colorado average of $430,259.
The average cost of rent is $1,413/mo in Cherry Hills Village, primarily driven by the current value of real estate in the Cherry Hills Village area. While nearly 36.25% of residents own their homes outright in Cherry Hills Village, 1.66% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cherry Hills Village is $20,374 per month. Households that rent pay about 6.93% of their income on rent here. Cherry Hills Village's most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the city.
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