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40.7

Median Age

45,246

Households
Percent of Population by Age
2010-2016 ACS Population Estimates

2.48

Average Household Size

3.0

Average Family Size

73%

Owner Occupied (vs. 27% Renter Occupied)

61,333

Labor force

4,069

Businesses

$72,010

Median Income
Jobs
Employment Level

24.48%

College Educated

3.72%

Unemployment Rate

7.14%

Poverty Rate

5.6%`

Vacancy Rate

$20.14

Average Rent Per Sq Ft

-15.2k

12 mo Absorption Sq Ft

95k

Vacant Sq Ft

154

Properties

1.7M

Existing Inventory Sq Ft

81.1

Sq Ft Per Employee

9

Average Months on the Market

3.4%

Vacancy Rate

$19.60

Average Rent Per Sq Ft

10.3k

12 mo Absorption / Sq Ft

217k

Vacant Sq Ft

397

Properties

6.4M

Existing Inventory Square Feet

576.2

Sq Feet Per Employee

11

Average Months on the Market

5.2%

Vacancy Rate

$10.84

Average Rent Per Sq Ft

111k

12 mo Net Absorption Sq Ft

293k

Vacant Sq Ft

196

Properties

4.6M

Existing Inventory Square Feet

525.2

Sq Feet Per Employee

4.5

Average Months on the Market

265

12 mo Absorption Units

5%

Vacancy Rate

367

Vacant Units
Asking Rent
By Multi-Family Property Type

46,475

Housing Units

1,139

Median Rent

$445,000

Median Single Family Home Sales Price

$283,750

Median Townhouse/Condo Sales Price

71.10%

Single Family Homes

72.70%

Owner Occupied

17.10%

Large Apartment Complexes

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

Sourcehttps://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. 

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