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City · 6,354 residents · Arapahoe County, Colorado

Cherry Hills Village , Colorado

In Cherry Hills Village, a typical home is worth $2,000,001. Compared with all of Arapahoe County, the typical home value is 256% higher, typical household income is 147% higher, and the share of households that own their home is 32 points higher.

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  • Typical home value

    $2,000,001

    256% above the county

    271% above Colorado

    • Cherry Hills Village
    • Arapahoe
    • Colorado

  • Typical household income

    $250,001a year

    147% above the county

    162% above Colorado

    • Cherry Hills Village
    • Arapahoe
    • Colorado

  • Households that own their home

    97%

    32 points above the county

    31 points above Colorado

    • Cherry Hills Village
    • Arapahoe
    • Colorado

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$3,172,513
6.3% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Cherry Hills Village 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

Data updated: October 1, 2026 11 official sources

Only here

What sets Cherry Hills Village apart

What this place has that others do not, from public data, most unusual first.

  1. Cherry Hills Village has the highest typical household income of the 113 cities in Colorado with more than 5,000 people: $250,001.

  2. Cherry Hills Village has the highest typical home value of the 110 cities in Colorado with more than 5,000 people: $2,000,001.

  3. 97% of households in Cherry Hills Village own their home, against 65% in Arapahoe County.

  4. Nearby, in Sheridan, the typical home value is $380,600: 81% less than in Cherry Hills Village ($2,000,001).

  5. According to Zillow, in the 12 months to September 2026 the typical home value in Cherry Hills Village rose 6.3%; in Colorado, it fell 1.3%.

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Cherry Hills Village

What homes there are in Cherry Hills Village, 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

The detached house rules in Cherry Hills Village: 98% of homes, more than in Arapahoe County (56%).

Year built

The typical home in Cherry Hills Village was built in 1978, 8 years before the typical one in Arapahoe County.

Homes in Cherry Hills Village are bigger: 98% have 3 bedrooms or more; in Arapahoe County, 60%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

Owners with a mortgage

58%

Arapahoe County: 74%

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureCherry Hills VillageArapahoe CountyColoradoUnited States
Rental vacancy Unreliable estimate5.5%5.1%5.5%
Homeowner vacancy Unreliable estimate0.6%0.8%0.9%
More than one person per room Unreliable estimate3.4%2.4%3.4%
People per household 2.862.552.422.53
Drive alone 61%66%65%69%
Carpool Unreliable estimate8%8%9%
Public transit Unreliable estimate3%2%3%
Walk or bike Unreliable estimate2%3%3%
Work from home 33%21%21%15%
Other means Unreliable estimate2%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

Households in Cherry Hills Village are bigger: 2.86 people on average; in Arapahoe County, 2.55.

Working from home is more common in Cherry Hills Village: 33%, against 21% in Arapahoe County.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Cherry Hills Village?

A typical home costs more than the typical income allows

We start with a typical home in Cherry Hills Village, worth $2,000,001, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 78% of the typical household income in Cherry Hills Village, which is $250,001 a year. For that payment to be 28% of income, a household would need to earn about $693,267 a year. Note: at that price the loan is above the FHA limit for Arapahoe County ($862,500), so FHA would not insure it; the payment is only a reference.

The calculator's FHA and conventional loan limits are those of all of Arapahoe County.

Your numbers

Local data
$

Starts at the typical home value in Cherry Hills Village. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $70,000 (3.5% of the price). The usual minimum for this loan is 3.5%.

This loan usually requires at least 3.5% down.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$16,176

at 7.18% · 30 years

Loan amount
$1,963,776
Total interest
$2,825,413
Paid off in
November 2056

Includes $33,775 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $5,833 a month

  • Tight

    $5,833 to $7,500 a month

  • Hard

    more than $7,500 a month

    Your payment · 78%

Compared with the typical household income in Cherry Hills Village ($250,001 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$16,176
Principal & interest$13,303
Property tax$833
Home insurance$833
FHA mortgage insurance (MIP)$1,206

This loan is over the FHA limit

You'd borrow $1,930,001, but the FHA limit for a one-unit home in Cherry Hills Village is $862,500. You'd need a bigger down payment or a different loan.

You need at least $70,000 for the down payment, plus closing costs.

Next step

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.

The city and its county

Cherry Hills Village and Arapahoe County

Cherry Hills Village 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 Hills Village's own numbers

Typical home value
$2,000,001
Typical yearly household income
$250,001
Households that own their home
97%
Effective property tax rate
0.5%

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.

Everything about Arapahoe County

Buying

Buying a home in Cherry Hills Village

A typical home in Cherry Hills Village is worth $2,000,001: 256% above the county and 271% above Colorado. With the typical household income in Cherry Hills Village ($250,001 a year), a typical home costs 8.0 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 Hills Village 8.0 years
  • Arapahoe 5.6 years
  • Colorado 5.6 years
  • United States 4.1 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.

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 Hills Village 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 Hills Village $2,000,001
  • Arapahoe $561,200
  • Colorado $539,400
  • United States $332,700
Typical yearly household income
  • Cherry Hills Village $250,001
  • Arapahoe $101,087
  • Colorado $95,470
  • United States $80,734
See the full table
Cherry Hills Village next to Arapahoe County and Colorado
Measure Cherry Hills Village Arapahoe County Colorado U.S.
Typical home value $2,000,001 $561,200 $539,400 $332,700
Typical yearly household income $250,001 $101,087 $95,470 $80,734
Households that own their home 97% 65% 66% 65%
Typical yearly property tax $10,001 $2,938 $2,602 $3,119
Effective property tax rate 0.5% 0.52% 0.48% 0.94%

“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 Hills Village

For a typical $2,000,001 home in Cherry Hills Village, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Cherry Hills Village's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $16,176a month

    Above the FHA limit for Arapahoe County ($862,500)
    Down payment
    $70,000
    Cash to close
    $130,000
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $1,206

  • Conventional, 5% down $15,488a month

    Above the conventional limit for Arapahoe County ($862,500): it would be a "jumbo" loan
    Down payment
    $100,000
    Cash to close
    $160,000
    Rate
    7.18%
    Mortgage insurance
    PMI · $950

  • Conventional, 20% down, no PMI $12,506a month

    Above the conventional limit for Arapahoe County ($862,500): it would be a "jumbo" loan
    Down payment
    $400,000
    Cash to close
    $460,000
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $14,355a month

    Down payment
    $300,000
    Cash to close
    $360,000
    Rate
    8.18%
    Mortgage insurance
    None
  • 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.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Cherry Hills Village and for Arapahoe County.

Property tax

Effective rate in Cherry Hills Village

0.5%of the home’s value each year

$10,001 a year for the typical owner in Cherry Hills Village.

  • Cherry Hills Village 0.5%
  • Arapahoe 0.52%
  • Colorado 0.48%

What Colorado publishes Senior homestead exemption (owners 65 and older) (Colorado General Assembly (Colorado Revised Statutes 2024, Title 39))

Exemptions and deadlines in Colorado

Flood risk in Arapahoe County

FEMA does not publish these numbers by city: they are for all of Arapahoe County.

Homes in the high-risk zone
0.2%
397
Of those, with NFIP insurance
48%
County Colorado U.S.
Homes in the high-risk zone 0.2% 1.1% 3.5%
Of those, with NFIP insurance 48% 24% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Cherry Hills Village

The Census Bureau publishes no typical rent for Cherry Hills Village. Below are the fair market rents for Arapahoe County.

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.

HUD fair market rent for all of Arapahoe County

What you need to earn to pay it without spending more than 30% of income, working full time.

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 Hills Village

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Cherry Hills Village is in ZIP code 80113.

For 2 bedrooms it is $1,970: $199 less than the fair market rent for Arapahoe County ($2,169).

  • 80113 $1,970$2,580

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 Hills Village 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 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Cherry Hills Village

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.

A man leans over the armchair where a girl is reading a book.

HUD counseling is free or low-cost

Assistance programs in Cherry Hills Village

No down payment, repair or rent-help program on our list is for Cherry Hills Village or Arapahoe County. The ones below are statewide in Colorado: they work in Cherry Hills Village the same as in the rest of the state.

Which programs do I qualify for? All programs in Colorado

  • CHFA Down Payment Assistance

    Statewide in Colorado

    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).

    GrantDeferred

    See the program Official page

  • CHFA FirstGeneration

    Statewide in Colorado

    Open, per the source

    $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).

    Deferred

    See the program Official page

Housing counselors near Cherry Hills Village

The HUD-approved agencies closest to the center of Cherry Hills Village, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Colorado Housing Assistance Corporation

    670 Santa Fe Dr, Denver · 7 miles away

    • Mortgage delinquency and default
    • Pre-purchase counseling
    • and 1 more
    (303) 572-9445

  • Newsed CDC

    901 W 10th Ave Ste 2A, Denver · 7 miles away · Spanish

    Also serves in French.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (036) 534-8342

  • Northeast Denver Housing Center

    2416 E Colfax Ave, Denver · 7 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (303) 399-9337

Every agency in Arapahoe County All counseling agencies in Colorado

Help in Spanish near Cherry Hills Village

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Cherry Hills Village

In HUD’s record, no housing authority with an office in Arapahoe County is named for Cherry Hills Village or Arapahoe County.

4 other authorities have an office in Arapahoe County: see the list Source: HUD

Cities

Other cities in Arapahoe County

These cities are also in Arapahoe County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Arapahoe County Housing in Colorado

Nearby cities

The cities closest to Cherry Hills Village, with the typical home value.

Neighboring counties

If Arapahoe County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Cherry Hills Village.

All guides
Three generations of a family gather on the porch of their home.

Questions

Housing questions about Cherry Hills Village

Short answers with the numbers for Cherry Hills Village 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 Hills Village?

The typical home value in Cherry Hills Village is $2,000,001, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Arapahoe County it is $561,200.

What is the FHA loan limit in Cherry Hills Village?

Cherry Hills Village 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 Hills Village?

The typical homeowner in Cherry Hills Village pays $10,001 a year, according to the U.S. Census Bureau. That is 0.5% 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 Hills Village?

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.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).