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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 2,697, 1,138 total housing units (homes and apartments), and a median house value of $425,930, Denver real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Denver, accounting for 68.80% of the town's housing units. Other types of housing that are prevalent in Denver include row houses and other attached homes ( 12.92%), mobile homes or trailers ( 10.81%), and a few large apartment complexes or high rise apartments ( 7.47%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Denver. Owner-occupied housing accounts for 70.39% of Denver's homes, and 78.38% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Denver 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 Denver built between 2000 and later ( 35.76%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.67%). There's also some housing in Denver built before 1939 ( 4.83%).
Appreciation rates for homes in Denver have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 108.18%, which ranks in the top 30% nationwide. This equates to an annual average Denver house appreciation rate of 7.61%.
NeighborhoodScout's data show that during the latest twelve months, Denver's appreciation rate, at 5.83%, has been at or slightly above the national average. In the latest quarter, Denver's appreciation rate has been 1.72%, which annualizes to a rate of 7.07%.
Relative to North Carolina, our data show that Denver's latest annual appreciation rate is lower than 60% of the other cities and towns in North Carolina.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Denver differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Denver - 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 Denver real estate investment or home purchase decisions.
$425,930
for North carolina
for nation
1,138
$1,587 / per month