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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Greenwood Village, CO Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Greenwood Village, CO Housing Market Trends

With 15,365 people, 6,445 houses or apartments, and a median cost of homes of $1,188,413, Greenwood Village house prices are not only among the most expensive in Colorado, Greenwood Village real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Greenwood Village, accounting for 53.51% of the city's housing units. Other types of housing that are prevalent in Greenwood Village include large apartment complexes or high rise apartments ( 34.38%), row houses and other attached homes ( 8.75%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.31%).

Not only is Greenwood Village's real estate primarily composed of large, four, five or more bedroom residences ( 46.98%), but it has a blend of both renters and owners ( 35.35% renters; 64.65% owner occupied).

There is a lot of housing in Greenwood Village built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Greenwood Village built between 2000 and later ( 35.43%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.76%).

Greenwood Village Home Appreciation Rates

Real estate appreciation rates in Greenwood Village's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.38% during the period.

Over the last year, Greenwood Village appreciation rates have trailed the rest of the nation. In the last twelve months, Greenwood Village's appreciation rate has been 0.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Greenwood Village were at 2.79%, which equates to an annual appreciation rate of 11.65%.

Relative to Colorado, our data show that Greenwood Village's latest annual appreciation rate is lower than 90% of the other cities and towns in Colorado.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Greenwood Village differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Greenwood Village - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Greenwood Village real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$1,188,413

Greenwood Village, CO Home Prices
> $1,170,000
$878,001 - $1,170,000
$585,001 - $878,000
$468,001 - $585,000
$351,001 - $468,000
$234,001 - $351,000
$117,001 - $234,000
$58,001 - $117,000
$0 - $58,000
46.6%
46.6%
14.2%
14.2%
12.1%
12.1%
5.5%
5.5%
17.5%
17.5%
1.5%
1.5%
0.5%
0.5%
1.5%
1.5%
0.6%
0.6%
0% 100.0%
% of Homes
Very High

for Colorado

Very High

for nation

Number of Homes And Apartments:

6,445

Greenwood Village Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,093 / per month

Homeownership Rate

Owners
Renters
64.6%
64.6%
35.4%
35.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.8%
6.8%
93.2%
93.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
35.4%
35.4%
53.5%
53.5%
10.8%
10.8%
0.3%
0.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
53.5%
53.5%
8.7%
8.7%
3.3%
3.3%
34.4%
34.4%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.2%
2.2%
14.6%
14.6%
20.0%
20.0%
16.2%
16.2%
22.8%
22.8%
24.2%
24.2%
0% 100.0%
% of Homes