How much do homeowners pay a month in Cherry Creek, CO?
Homeowners with a mortgage in Cherry Creek, CO pay a median of $3,010 (±$203) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $958 (±$52).
75.2% of owned homes carry a mortgage.
In Cherry Creek, the median monthly cost with a mortgage went from $2,495 in 2015–2019 to $3,010 in 2020–2024 (+20.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- With a mortgage
- $3,010 (±$203)
- Without a mortgage
- $958 (±$52)
- Owned with a mortgage
- 75.2%
Monthly owner costs in Cherry Creek
| Cherry Creek | Arapahoe County | Colorado | United States | |
|---|---|---|---|---|
| With a mortgage | $3,010 (±$203) | $2,423 (±$28) | $2,326 (±$9) | $1,963 |
| Without a mortgage | $958 (±$52) | $742 (±$12) | $663 (±$4) | $638 |
| Owned homes with a mortgage | 75.2% (±5.3 points) | 73.8% (±0.8 points) | 69.4% (±0.3 points) | 60.6% |
| Median real estate taxes (a year) | $4,699 (±$249) | $2,938 (±$28) | $2,602 (±$10) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Cherry Creek, the median cost with a mortgage is higher than in Arapahoe County ($2,423).
It is also higher than in Colorado ($2,326).
It is higher than the national figure ($1,963).
In Arapahoe County, Cherry Creek ranks 7 of 19 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 28 of 316.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Cherry Creek have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $2,495 (±$145) | $3,010 (±$203) | +20.6% | No measurable change after inflation |
| Median real estate taxes | $3,763 (±$162) | $4,699 (±$249) | +24.9% | No measurable change after inflation |
| Median home value | $628,200 (±$22,167) | $888,900 (±$47,778) | +41.5% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Cherry Creek
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Cherry Creek | — | $3,010 (±$203) | — |
| Centennial | 1.3 mi | $2,672 (±$49) | Lower |
| Inverness | 2.3 mi | $3,239 (±$408) | Not measurably different |
| Greenwood Village | 2.6 mi | $4,000 or more | — |
| Dove Valley | 2.9 mi | $2,078 (±$178) | Lower |
| Acres Green | 4.1 mi | $2,192 (±$165) | Lower |
| Foxfield | 4.4 mi | $4,000 or more | — |
| Meridian | 4.4 mi | $2,825 (±$494) | Not measurably different |
| Cherry Hills Village | 4.8 mi | $4,000 or more | — |
Nearby places with a measurably lower figure: Centennial, CO ($2,672), Dove Valley, CO ($2,078), Acres Green, CO ($2,192).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Arapahoe County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 (tie) | Bow Mar | $4,000 or more |
| 1 (tie) | Cherry Hills Village | $4,000 or more |
| 1 (tie) | Columbine Valley | $4,000 or more |
| 1 (tie) | Foxfield | $4,000 or more |
| 1 (tie) | Greenwood Village | $4,000 or more |
| 6 | Inverness | $3,239 (±$408) |
| 7 | Cherry Creek | $3,010 (±$203) |
| 8 | Holly Hills | $2,681 (±$296) |
| 9 | Centennial | $2,672 (±$49) |
| 10 | Littleton | $2,437 (±$80) |
| 11 | Byers | $2,309 (±$148) |
| 12 | Sheridan | $2,296 (±$143) |
| 13 | Strasburg | $2,260 (±$257) |
Showing 13 of 19 places in Arapahoe County, ranked from highest to lowest.
Cherry Creek is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Cherry Creek
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Cherry Creek beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Cherry Creek, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Cherry Creek, and send estimates and invoices from your phone.
Questions about Cherry Creek
What is the average mortgage payment in Cherry Creek?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Cherry Creek, CO is $3,010 (±$203) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Cherry Creek?
Owners without a mortgage in Cherry Creek pay a median of $958 (±$52) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Cherry Creek gone up?
In Cherry Creek, the median monthly cost with a mortgage went from $2,495 in 2015–2019 to $3,010 in 2020–2024 (+20.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Cherry Creek CDP, Colorado
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Cherry Creek CDP, Colorado
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Cherry Creek CDP, Colorado
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Cherry Creek CDP, Colorado
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Cherry Creek CDP, Colorado
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Cherry Creek CDP, Colorado (place:13590, in state:08).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Cherry Creek at a glance
- Median rent in Cherry Creek
- Rent by bedrooms in Cherry Creek
- Rent burden in Cherry Creek
- Renters and owners in Cherry Creek
- Income and affordability in Cherry Creek
- Home values in Cherry Creek
- Property taxes in Cherry Creek
- Types of homes in Cherry Creek
- Bedrooms in Cherry Creek
- Age of homes in Cherry Creek
- Heating fuel in Cherry Creek
- Commute and cars in Cherry Creek
- Population growth in Cherry Creek
- How long people stay in Cherry Creek
- Crowding and facilities in Cherry Creek
- Colorado landlord and tenant rules
- Housing across Arapahoe County
- Housing data for every place in Colorado