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Website - Real Estate

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Introduction

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The City of Arvada was founded in 1870 and incorporated in 1904. We are proud of our past and the rich heritage of our community! 

This report includes key indicators related to our vibrant and growing community. 

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Population

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40.7

Median Age

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45,246

Households

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Percent of Population by Age
2010-2016 ACS Population Estimates

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2.48

Average Household Size

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3.0

Average Family Size

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73%

Owner Occupied (vs. 27% Renter Occupied)

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Economy & Workforce

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61,333

Labor force

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4,069

Businesses

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$72,010

Median Income

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Jobs
Employment Level

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24.48%

College Educated

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3.72%

Unemployment Rate

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7.14%

Poverty Rate

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Properties: Office

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1.81%

Vacancy Percentage

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$16

Average Rent

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18,591

12 mo Absorption Sq Ft

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53,486

Vacant Sq Ft

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146

Properties

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1,610,765

Existing Inventory Sq Ft

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81.1

Sq Ft Per Employee

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10.5

Average Months on the Market

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Properties: Retail

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2.28%

Vacancy Percentage

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$20

Average Rent (sq foot)

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322,431

12 mo Absorption / Sq Ft

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233,492

Vacant Sq Ft

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384

Properties

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6,302,406

Existing Inventory Square Feet

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576.2

Sq Feet Per Employee

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11.6

Average Months on the Market

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$9

Sales Tax per Retail Square Foot

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Properties: Industrial

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2.18%

Vacancy Percentage

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$10

Average Rent (sq foot)

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-30,985

12 mo Absorption / Sq Ft

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240,669

Vacant Sq Ft

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234

Properties

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5,271,404

Existing Inventory Square Feet

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525.2

Sq Feet Per Employee

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3.8

Average Months on the Market

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Properties: Multi-Family Housing

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265

12 mo Absorption Units

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5%

Vacancy Rate

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367

Vacant Units

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Asking Rent
By Multi-Family Property Type

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Properties: Single Family Homes

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46,475

Housing Units

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1,139

Median Rent

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$445,000

Median Single Family Home Sales Price

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$283,750

Median Townhouse/Condo Sales Price

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71.10%

Single Family Homes

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72.70%

Owner Occupied

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17.10%

Large Apartment Complexes

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Housing Units by AMI Bracket
Calculated based on current AMI of $72,000

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Source: https://www.neighborhoodscout.com/co/arvada/real-estate 

Assumptions: Interest rate 4.5%; down payment (AMI brackets 40% to 100%) $5,000; down payment (AMI bracket 140%) $20,000; lone term 30 years; max LTI 36%; each AMI bracket reflects total homes financeable. 

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Real estate market trend data sourced from Denver Metro Association of Realtors, September, 2018

Data & Methodology

How the data in this report was calculated.

METHODOLOGY

This report includes totalling 0 data points from 30 measures, collected from 2 public sources (described below). We also estimated 0 data points based on our estimation and projection methodology.

Some of the summary data included in the report may not include suppressed data. Data suppression occurs in cases where private, identifying information would be disclosed. In most cases, this does not impact the total values presented in the report, but in cases where there are small industries or areas, data suppressions may reduce the accuracy of the data we can display.


SOURCES

  • American Community Survey

    Website: https://www.census.gov/programs-surveys/acs/data.html
    Data Year:

    The American Community Survey (ACS) publishes a rolling 5-year average profile of American communities.

    Measures

    Population, Race, Median Household Income, Unemployed Population, Employed Population, Population Below Poverty Level, Population with High School Diploma, Population with College Degree, Households, Median Home Value, Median Rent, Rent as Percentage of Income, Median Age, Poverty Rate, Percentage with High School Diploma, Percentage with College Degree, Unemployment Percentage

    Populations

    Total, White alone, Black or African American alone, American Indian and Alaska Native alone, Asian alone, Native Hawaiian and Other Pacific Islander alone, Some other race alone, Two or more races:

  • Quarterly Census of Employment and Wages

    Website: https://www.bls.gov/cew/
    Data Year:

    The Quarterly Census of Employment and Wages (QCEW) program publishes a quarterly count of employment and wages reported by employers covering more than 95 percent of U.S. jobs, available at the county, MSA, state and national levels by industry.

    Measures

    Total Annual Wages, Taxable Annual Wages, Firms, Employment Level, Annual Contributions, Employment Growth (YoY Change), Firms (YoY Change), Wage Growth (YoY Change), Yearly Pay Growth (YoY Change), Average Industry Pay, Employment vs US Average, Wages vs US Average, Yearly Pay vs US Average

    Populations

    11 - Agriculture, Forestry, Fishing and Hunting, 21 - Mining, Quarrying, and Oil and Gas Extraction, 31-33 - Manufacturing, 22 - Utilities, 23 - Construction, 42 - Wholesale Trade, 44-45 - Retail Trade, 48-49 - Transportation and Warehousing, 51 - Information, 53 - Real Estate and Rental and Leasing, 55 - Management of Companies and Enterprises, 56 - Administrative and Support and Waste Management and Remediation Services, 62 - Health Care and Social Assistance, 52 - Finance and Insurance, 72 - Accommodation and Food Services, 81 - Other Services (except Public Administration), 92 - Public Administration, 71 - Arts, Entertainment, and Recreation, 54 - Professional, Scientific, and Technical Services