City · 10,721 residents · Arapahoe County, Colorado
Cherry Creek, Colorado
In Cherry Creek, a typical home is worth $888,900 and typical rent is $2,093 a month. Compared with all of Arapahoe County, the typical home value is 58% higher, typical household income is 52% higher, and the share of households that own their home is 15 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $760,040 to $847,575.
Typical rent
$1,957a month
▼ 6.5% less than 12 months ago
Typical rent from Zillow, December 2021 to September 2026: from $1,834 to $1,957.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Cherry Creek is in Arapahoe County. The FHA loan limit ($862,500 for a one-unit home), the fair market rents and the help on this page are those of all of Arapahoe County. See the county
What this place has that others do not, from public data, most unusual first.
1
The typical home in Cherry Creek is worth $888,900,58% more than in Arapahoe County as a whole ($561,200).
2
The typical household income in Cherry Creek is $153,776,52% more than in Arapahoe County as a whole ($101,087).
3
Nearby, in Four Square Mile, the typical home value is $474,200: 47% less than in Cherry Creek ($888,900).
4
80% of households in Cherry Creek own their home, against 65% in Arapahoe County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Cherry Creek
What homes there are in Cherry Creek, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Cherry Creek
Arapahoe County
Colorado
United States
Kind of home: Cherry Creek and its comparisons
Measure
Cherry Creek
Arapahoe County
Colorado
United States
Detached house
70%
56%
61%
61%
Attached house
6%
10%
8%
6%
Building of 2 to 4
Unreliable estimate
4%
5%
8%
Apartments (5 or more)
21%
29%
23%
19%
Mobile home
Unreliable estimate
1%
4%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
Detached houses, standing on their own, make up 70% of homes here, against 56% in Arapahoe County.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Cherry Creek
Arapahoe County
Colorado
United States
Year built: Cherry Creek and its comparisons
Measure
Cherry Creek
Arapahoe County
Colorado
United States
Before 1960
Unreliable estimate
9%
16%
26%
1960–1979
45%
29%
24%
24%
1980–1999
48%
34%
28%
25%
2000–2009
6%
15%
17%
14%
2010 or later
Unreliable estimate
12%
16%
11%
In Cherry Creek, half of the homes were built before 1981; in Arapahoe County, before 1986.
In Cherry Creek, 75% of homes have 3 bedrooms or more, more than in Arapahoe County (60%).
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200KUnreliable
$200K–$300KUnreliable
$300K–$500K9%
$500K–$750K16%
$750K–$1M28%
$1M or more38%
Value of owner-occupied homes: Cherry Creek and its comparisons
Measure
Cherry Creek
Under $100K
Unreliable estimate
$100K–$200K
Unreliable estimate
$200K–$300K
Unreliable estimate
$300K–$500K
9%
$500K–$750K
16%
$750K–$1M
28%
$1M or more
38%
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,49916%
$1,500–$1,999Unreliable
$2,000–$2,49934%
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Cherry Creek and its comparisons
Measure
Cherry Creek
Under $500
Unreliable
$500–$999
Unreliable
$1,000–$1,499
16%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
34%
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$3,010 a month
Arapahoe County: $2,423 a month
Without a mortgage
$958 a month
Arapahoe County: $742 a month
Owners with a mortgage
75%
Arapahoe County: 74%
The typical cost for an owner with a mortgage in Cherry Creek is $3,010 a month, more than in Arapahoe County ($2,423); without one, $958.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Cherry Creek+42%
Arapahoe County+57%
Colorado+57%
United States+53%
Typical rent
Cherry Creek+29%
Arapahoe County+36%
Colorado+39%
United States+33%
Typical household income
Cherry Creek+39%
Arapahoe County+31%
Colorado+32%
United States+29%
Change since 2015–2019: Cherry Creek and its comparisons
Measure
Cherry Creek
Arapahoe County
Colorado
United States
Typical home value
+42%
+57%
+57%
+53%
Typical rent
+29%
+36%
+39%
+33%
Typical household income
+39%
+31%
+32%
+29%
From 2015–2019 to 2020–2024, the typical home value in Cherry Creek rose 42%; in Arapahoe County, it rose 57%.
Rents in Cherry Creek rose more slowly than in Arapahoe County: 29% since 2015–2019, against 36%.
While home values in Cherry Creek changed +42% and rent +29%, the typical household income rose 39%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Cherry Creek and its comparisons
Measure
Cherry Creek
Arapahoe County
Colorado
United States
Rental vacancy
Unreliable estimate
5.5%
5.1%
5.5%
Homeowner vacancy
Unreliable estimate
0.6%
0.8%
0.9%
More than one person per room
Unreliable estimate
3.4%
2.4%
3.4%
People per household
2.57
2.55
2.42
2.53
Drive alone
60%
66%
65%
69%
Carpool
4%
8%
8%
9%
Public transit
Unreliable estimate
3%
2%
3%
Walk or bike
Unreliable estimate
2%
3%
3%
Work from home
33%
21%
21%
15%
Other means
Unreliable estimate
2%
1%
2%
Typical commute
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
A household in Cherry Creek has 2.57 people on average, about the same as in Arapahoe County (2.55).
In Cherry Creek, 33% of workers work from home, more than in Arapahoe County (21%).
Do the math
What would you pay each month for a home in Cherry Creek?
A typical home costs more than the typical income allows
We start with a typical home in Cherry Creek, worth $888,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 56% of the typical household income in Cherry Creek, which is $153,776 a year. For that payment to be 28% of income, a household would need to earn about $309,075 a year.
The calculator's FHA and conventional loan limits are those of all of Arapahoe County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Cherry Creek. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $31,112 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$7,212
at 7.18% · 30 years
Loan amount
$872,799
Total interest
$1,255,753
Paid off in
November 2056
Includes $15,011 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $3,588 a month
Tight
$3,588 to $4,613 a month
Hard
more than $4,613 a month
Your payment · 56%
Compared with the typical household income in Cherry Creek ($153,776 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$5,913
Property tax
$393
Home insurance
$370
FHA mortgage insurance (MIP)
$536
You need at least $31,112 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $7,212; principal and interest $5,913.
The city and its county
Cherry Creek and Arapahoe County
Cherry Creek is in Arapahoe County, Colorado. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Cherry Creek
Map of Arapahoe County, Colorado, with Cherry Creek marked. Around it, the neighboring counties.
Cherry Creek
Arapahoe County
Other cities with a page
Cherry Creek's own numbers
Typical home value
$888,900
Typical monthly rent
$2,093
Typical yearly household income
$153,776
Households that own their home
80%
Effective property tax rate
0.53%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Arapahoe County
FHA limit, one-unit home
$862,500
Conventional limit, one unit
$862,500
HUD fair market rent, 2 bedrooms
$2,169
Price change over 5 years (FHFA)
+36%
Homes in a high flood-risk zone
0.2%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Arapahoe County.
A typical home in Cherry Creek is worth $888,900: 58% above the county and 65% above Colorado. With the typical household income in Cherry Creek ($153,776 a year), a typical home costs 5.8 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Cherry Creek5.8 years
Arapahoe5.6 years
Colorado5.6 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Arapahoe County
According to FHFA’s house price index, home prices in Arapahoe County rose 94% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Arapahoe County.
Yearly change in FHFA’s price index in Arapahoe County, 2016 to 2025
2016: +12.0% +12.0% 2016
2017: +9.8% +9.8% 2017
2018: +8.6% +8.6% 2018
2019: +4.3% +4.3% 2019
2020: +2.7% +2.7% 2020
2021: +13.7% +13.7% 2021
2022: +16.5% +16.5% 2022
2023: +0.9% +0.9% 2023
2024: +1.9% +1.9% 2024
2025: −0.1% −0.1% 2025
Change in FHFA’s price index in Arapahoe County, Colorado and the United States
Period
County
Colorado
U.S.
Last year (2025)
−0.1%
+0.1%
+2.9%
5 years (2020–2025)
+36%
+38%
+47%
10 years (2015–2025)
+94%
+93%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Cherry Creek next to Arapahoe County, Colorado and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Cherry Creek$888,900
Arapahoe$561,200
Colorado$539,400
United States$332,700
Typical monthly rent
Cherry Creek$2,093
Arapahoe$1,891
Colorado$1,761
United States$1,413
Typical yearly household income
Cherry Creek$153,776
Arapahoe$101,087
Colorado$95,470
United States$80,734
See the full table
Cherry Creek next to Arapahoe County and Colorado
Measure
Cherry Creek
Arapahoe County
Colorado
U.S.
Typical home value
$888,900 ▲58% above the county
$561,200
$539,400
$332,700
Typical monthly rent
$2,093 ▲11% above the county
$1,891
$1,761
$1,413
Typical yearly household income
$153,776 ▲52% above the county
$101,087
$95,470
$80,734
Households that own their home
80% ▲15 points above the county
65%
66%
65%
Typical yearly property tax
$4,699 ▲60% above the county
$2,938
$2,602
$3,119
Effective property tax rate
0.53% ▲0.01 points above the county
0.52%
0.48%
0.94%
Renters with high rent for their income
50% ▼6 points below the county
56%
53%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Arapahoe County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Cherry Creek
For a typical $888,900 home in Cherry Creek, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Cherry Creek's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$7,212a month
Above the FHA limit for Arapahoe County ($862,500)
Down payment
$31,112
Cash to close
$57,779
Rate
7.18%
Mortgage insurance
FHA MIP · $536
Conventional, 5% down$6,906a month
Least cash to close
Down payment
$44,445
Cash to close
$71,112
Rate
7.18%
Mortgage insurance
PMI · $422
Conventional, 20% down, no PMI$5,580a month
Down payment
$177,780
Cash to close
$204,447
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$6,402a month
Down payment
$133,335
Cash to close
$160,002
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Cherry Creek
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Above the FHA limit for Arapahoe County ($862,500)
$7,212
$31,112
$872,800
7.18%
FHA MIP · $536
$57,779
580
Conventional, 5% down Least cash to close
$6,906
$44,445
$844,455
7.18%
PMI · $422
$71,112
620*
Conventional, 20% down, no PMI
$5,580
$177,780
$711,120
7.18%
None
$204,447
620*
ITIN, 15% down (example)
$6,402
$133,335
$755,565
8.18%
None
$160,002
Set by the lender
The option that asks for the least cash to close is Conventional, 5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Cherry Creek is $2,093 a month: 11% above the county. In Cherry Creek, 50% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Arapahoe County, by unit size. To pay the 2-bedroom one ($2,169 a month) without spending more than 30% of your income, you would need to earn $41.71 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Arapahoe County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,751
$33.67
$70,040
1 bedroom
$1,831
$35.21
$73,240
2 bedrooms
$2,169
$41.71
$86,760
3 bedrooms
$2,846
$54.73
$113,840
4 bedrooms
$3,183
$61.21
$127,320
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Cherry Creek
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Cherry Creek is in ZIP code 80111.
For 2 bedrooms it is $2,590: $421 more than the fair market rent for Arapahoe County ($2,169).
Fair market rent by ZIP code and size in Cherry Creek, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
80111
$2,090
$2,190
$2,590
$3,400
$3,800
ZIP code2 bd3 bd
80111 $2,590$3,400
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Cherry Creek when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There is 1 HUD-approved agency with an office in Arapahoe County; 1 says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Cherry Creek or Arapahoe County. The ones below are statewide in Colorado: they work in Cherry Creek the same as in the rest of the state.
Colorado state agency help with the down payment or closing costs: a grant of up to 3% of the mortgage or a deferred second mortgage of up to 4%, both capped at $25,000.Offered by Colorado Housing and Finance Authority (CHFA).
$25,000 from the Colorado state agency for the down payment of first-generation buyers (neither you nor your parents have owned a home); repaid when you sell, refinance or pay off the mortgage.Offered by Colorado Housing and Finance Authority (CHFA).
The HUD-approved agencies closest to the center of Cherry Creek, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
DC
Douglas County Housing Partnership
9350 Heritage Hills Circle, Lone Tree · 5 miles away · Spanish
No legal help resource on our list is for Cherry Creek or Arapahoe County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Cherry Creek and all of Arapahoe County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Cherry Creek?
The typical home value in Cherry Creek is $888,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Arapahoe County it is $561,200.
How much does it cost to rent in Cherry Creek?
Typical rent in Cherry Creek is $2,093 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Arapahoe County is $2,169.
What is the FHA loan limit in Cherry Creek?
Cherry Creek uses the FHA limit for all of Arapahoe County (2026): $862,500 for a one-unit home and $1,658,700 for a four-unit home.
How much property tax do owners pay in Cherry Creek?
The typical homeowner in Cherry Creek pays $4,699 a year, according to the U.S. Census Bureau. That is 0.53% of the home’s value; in Arapahoe County, the rate is 0.52%.
Where can I find free help to buy or rent in Cherry Creek?
There is 1 HUD-approved counseling agency with an office in Arapahoe County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.
