Dakota Ridge, Colorado Housing Market Prices
Dakota Ridge 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 77% above the Colorado median$858,032
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Median rent 21% above the Colorado median$2,135
Housing Market Overview
| Metric | Dakota Ridge | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $858,032 | $484,034 | $248,835 |
| Price Trend (Annual %) | 14.2% | 10.4% | 7.5% |
| Median Gross Rent | $2,135 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 5.7% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Dakota Ridge is about 77% higher than in Colorado. Rent is about 21% 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 Dakota Ridge, up about 14.2% and 5.7% a year respectively. Home prices are changing faster.
Median rent in Dakota Ridge rose about 73.1% between 2015 and 2024, from $1,233 to $2,135. Over the same span, rent in Colorado rose about 75.6%.
Affordability
On average, housing unit costs 7.3 yearly household incomes in Dakota Ridge.
Buying the median-priced home in Dakota Ridge costs roughly 33.5 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 Dakota Ridge. The price-to-rent ratio in Colorado is about 22.9.
| Metric | Dakota Ridge | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $858,032 | $484,034 | $248,835 |
| Median Household Income | $117,507 | $95,803 | $80,455 |
| Price-to-Income Ratio | 7.3 | 5.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Dakota Ridge rose about 259.1%, while median household income rose about 39.9% 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 | Dakota Ridge | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 80.2% | 60.7% | 58.5% |
| Rental Rate | 16.4% | 31.0% | 31.2% |
| Vacancy Rate | 3.3% | 8.3% | 10.2% |
| Median Tenure (years) | 15.0 | 13.0 | 15.0 |
| Median Year Moved In | 2011 | 2013 | 2011 |
Dakota Ridge has a homeownership rate of 80.2%, higher than the Colorado average of 60.7%. Its housing vacancy rate is 3.3%, compared with 8.3% in Colorado.
Housing Stock
| Metric | Dakota Ridge | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1988 | 1985 | 1978 |
| Median Number of Rooms | 6.9 | 5.7 | 5.5 |
The typical housing unit in Dakota Ridge was built around 1988. On average, 2.5 people live in a home with about 6.9 rooms, staying for about 15.0 years on average.
Dakota Ridge, CO Housing Compared With Nearby Cities
How Dakota Ridge, CO compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Dakota Ridge, CO | 33,171 | $858,032 #1/2 | $2,135 #1/2 | 83.0% #1/2 |
| Lakewood, CO | 154,777 | $572,550 | $1,795 | 59.0% |
Frequently Asked Questions
Common questions about the housing market in Dakota Ridge, Colorado.
What is the median home price in Dakota Ridge, Colorado?
The median home price in Dakota Ridge, Colorado is $858,032, higher than the Colorado average of $484,034.
What is the average home price in Dakota Ridge, Colorado?
The typical home price in Dakota Ridge, Colorado, reported as the median sale price, is $858,032. 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 Dakota Ridge, Colorado?
The median gross rent in Dakota Ridge, Colorado is $2,135 per month, higher than the Colorado average of $1,761.
What was the median gross rent in Dakota Ridge in 2020?
In 2020, the median gross rent in Dakota Ridge, Colorado was $1,697 per month.
What is the price-to-rent ratio in Dakota Ridge, Colorado?
The price-to-rent ratio in Dakota Ridge, Colorado is about 33.5, meaning it would take roughly 33.5 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 Dakota Ridge.
Are home prices or rent rising faster in Dakota Ridge, Colorado?
Both home prices and rent are rising in Dakota Ridge, up about 14.2% and 5.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Dakota Ridge, Colorado?
80.2% of households in Dakota Ridge, Colorado own their home, higher than the Colorado average of 60.7%.
What is the vacancy rate in Dakota Ridge, Colorado?
The housing vacancy rate in Dakota Ridge, Colorado is 3.3%, lower than the Colorado average of 8.3%.
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