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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 $2,000,001, higher than the Colorado average of $579,698.
The average cost of rent is $1,756/mo in Cherry Hills Village, primarily driven by the current value of real estate in the Cherry Hills Village area. In Cherry Hills Village, 2.97% of households rent, and 41.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cherry Hills Village is $20,818 per month. Households that rent pay about 8.43% of their income on rent here. Cherry Hills Village’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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