Arvada, Colorado Housing Market Prices
Arvada Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 11% above the Colorado median$538,818
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Median rent 6% above the Colorado median$1,861
Housing Market Overview
| Metric | Arvada | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $538,818 | $484,034 | $248,835 |
| Price Trend (Annual %) | 14.2% | 10.4% | 7.5% |
| Median Gross Rent | $1,861 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 6.6% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Arvada is about 11% higher than in Colorado. Rent is about 6% higher than the Colorado average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Arvada, up about 14.2% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Arvada rose about 79.5% between 2015 and 2024, from $1,037 to $1,861. Over the same span, rent in Colorado rose about 75.6%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in Arvada.
Buying the median-priced home in Arvada costs roughly 24.1 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Arvada. The price-to-rent ratio in Colorado is about 22.9.
| Metric | Arvada | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $538,818 | $484,034 | $248,835 |
| Median Household Income | $112,422 | $95,803 | $80,455 |
| Price-to-Income Ratio | 4.8 | 5.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Arvada rose about 188.4%, while median household income rose about 64.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Arvada | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.6% | 60.7% | 58.5% |
| Rental Rate | 24.9% | 31.0% | 31.2% |
| Vacancy Rate | 4.5% | 8.3% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Arvada has a homeownership rate of 70.6%, higher than the Colorado average of 60.7%. Its housing vacancy rate is 4.5%, compared with 8.3% in Colorado.
Housing Stock
| Metric | Arvada | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1978 | 1985 | 1978 |
| Median Number of Rooms | 6.6 | 5.7 | 5.5 |
The typical housing unit in Arvada was built around 1978. On average, 2.4 people live in a home with about 6.6 rooms, staying for about 13.0 years on average.
Arvada, CO Housing Compared With Nearby Cities
How Arvada, CO compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Arvada, CO | 108,495 | $538,818 #2/3 | $1,861 #2/3 | 73.9% #1/3 |
| Wheat Ridge, CO | 34,150 | $475,522 | $1,626 | 51.3% |
| Westminster, CO | 115,024 | $575,108 | $1,915 | 65.2% |
Frequently Asked Questions
Common questions about the housing market in Arvada, Colorado.
What is the median home price in Arvada, Colorado?
The median home price in Arvada, Colorado is $538,818, higher than the Colorado average of $484,034.
What is the average home price in Arvada, Colorado?
The typical home price in Arvada, Colorado, reported as the median sale price, is $538,818. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Arvada, Colorado?
The median gross rent in Arvada, Colorado is $1,861 per month, higher than the Colorado average of $1,761.
What was the median gross rent in Arvada in 2020?
In 2020, the median gross rent in Arvada, Colorado was $1,416 per month.
What is the price-to-rent ratio in Arvada, Colorado?
The price-to-rent ratio in Arvada, Colorado is about 24.1, meaning it would take roughly 24.1 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Arvada.
Are home prices or rent rising faster in Arvada, Colorado?
Both home prices and rent are rising in Arvada, up about 14.2% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Arvada, Colorado?
70.6% of households in Arvada, Colorado own their home, higher than the Colorado average of 60.7%.
What is the vacancy rate in Arvada, Colorado?
The housing vacancy rate in Arvada, Colorado is 4.5%, lower than the Colorado average of 8.3%.
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