Thornton, Colorado Housing Market Prices
Updated
Thornton 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 3% below the Colorado median$468,368
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Median rent 8% above the Colorado median$1,901
Housing Market Overview
| Metric | Thornton | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $468,368 | $484,034 | $248,835 |
| Price Trend (Annual %) | 11.8% | 10.4% | 7.5% |
| Median Gross Rent | $1,901 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 6.0% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Thornton is about 3% lower than in Colorado. Rent is about 8% 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 Thornton, up about 11.8% and 6.0% a year respectively. Home prices are changing faster.
Median rent in Thornton rose about 67.1% between 2015 and 2024, from $1,138 to $1,901. Over the same span, rent in Colorado rose about 75.6%.
Affordability
On average, housing unit costs 4.7 yearly household incomes in Thornton.
Buying the median-priced home in Thornton costs roughly 20.5 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 Thornton. The price-to-rent ratio in Colorado is about 22.9.
| Metric | Thornton | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $468,368 | $484,034 | $248,835 |
| Median Household Income | $99,024 | $95,803 | $80,455 |
| Price-to-Income Ratio | 4.7 | 5.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Thornton rose about 155.3%, while median household income rose about 50.0% 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 | Thornton | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.5% | 60.7% | 58.5% |
| Rental Rate | 28.4% | 31.0% | 31.2% |
| Vacancy Rate | 3.1% | 8.3% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Thornton has a homeownership rate of 68.5%, higher than the Colorado average of 60.7%. Its housing vacancy rate is 3.1%, compared with 8.3% in Colorado.
Housing Stock
| Metric | Thornton | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.84 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1994 | 1985 | 1978 |
| Median Number of Rooms | 6.0 | 5.7 | 5.5 |
The typical housing unit in Thornton was built around 1994. On average, 2.8 people live in a home with about 6.0 rooms, staying for about 12.0 years on average.
Thornton, CO Housing Compared With Nearby Cities
How Thornton, CO compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Thornton, CO | 134,665 | $468,368 #1/2 | $1,901 #1/2 | 70.7% #1/2 |
| Northglenn, CO | 36,757 | $457,042 | $1,728 | 57.8% |
Frequently Asked Questions
Common questions about the housing market in Thornton, Colorado.
What is the median home price in Thornton, Colorado?
The median home price in Thornton, Colorado is $468,368, lower than the Colorado average of $484,034.
What is the average home price in Thornton, Colorado?
The typical home price in Thornton, Colorado, reported as the median sale price, is $468,368. 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 Thornton, Colorado?
The median gross rent in Thornton, Colorado is $1,901 per month, higher than the Colorado average of $1,761.
What was the median gross rent in Thornton in 2020?
In 2020, the median gross rent in Thornton, Colorado was $1,487 per month.
What is the price-to-rent ratio in Thornton, Colorado?
The price-to-rent ratio in Thornton, Colorado is about 20.5, meaning it would take roughly 20.5 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 Thornton.
Are home prices or rent rising faster in Thornton, Colorado?
Both home prices and rent are rising in Thornton, up about 11.8% and 6.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Thornton, Colorado?
68.5% of households in Thornton, Colorado own their home, higher than the Colorado average of 60.7%.
What is the vacancy rate in Thornton, Colorado?
The housing vacancy rate in Thornton, Colorado is 3.1%, lower than the Colorado average of 8.3%.
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