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Cherry Hills Village, CO Real Estate


According to census data in the year 2000 there were 2,023 housing units in Cherry Hills Village. This represents a 13.1% growth from 1,789 in 1990.

Of those housing units, 2,023 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Cherry Hills Village is about 97.4%. Cherry Hills Village's vacancy rate, including seasonal lodging, is about 2.1%. Average household size is 3.01 people.

The majority of houses, apartments or condos in Cherry Hills Village were built after 1971.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom2%
Two Bedrooms3.20%
Three Bedrooms18.60%
Four Bedrooms37.10%
Five Bedrooms or more39.10%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size3.07
Median year structure was built1971
Median Value of occupied units$893,000
Median Price asked for vacant units$716,700

Rented Homes, Apartments and Condos

Average Household Size0.76
Median year structure was built1967

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage5.80%
Home Equity Loan7.50%
Simple Mortgage51.30%
Debt Free35.10%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs14.1%