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Commerce City real estate market overview
- Average Monthly Rent: $1,892
- Home Price/Value Percentage Change: -2.90%
- Median Home Value: $508,871
- Best Time To Sell a Home: July
- Affordability Index: Low
- Days To Sell a House: 47
- Job Market: Fair
- Public School Ranking: 24
Location and weather
Commerce City is 6.7 miles northeast of Denver. It is one of the fastest growing cities in Colorado and a part of the Denver metropolitan area. Commerce City has an abundance of parks for outdoor recreation. The Rocky Mountain Arsenal National Wildlife Refuge is a 15,000-acre nature preserve with wildlife ranging from bison, mule deer, bald eagles and owls. It's also one of the few remaining short-grass prairies in existence. Naturally, the scenic views, outdoor spaces and sort commute to Denver make it a very desirable place to live.
Commerce City's summers are warm and short, and the winters are cold and dry. The high summer temperatures are in the high 80's with lows in the low 60's. The winter high temperatures are in the low 50's with low temperatures in the 20's.
Population, job market and cost of living
The Commerce City population is in 2023 about 67,368 with a growth rate of 2.51%.
The job growth has decreased by -4.95% over last year. Ten-year future predicted job growth is 46.42%. The major industries are Retail Trade, Construction, and Health Care & Social Assistance. The best companies to work for are Arapahoe Park Racetrack, Douglass Colony Group, Commerce City Police Department, Direct Transport Services and Center For Transportation Safety.
The cost of living is high due to the Commerce City real estate market and the high cost of available housing. With scenic preserves like The Rocky Mountain Arsenal National Wildlife Refuge for outdoor recreation, proximity to Denver and Denver International Airport, good job growth and diverse industries, Commerce City will continue to attract those that want to work and play near Denver.
Commerce City real estate market details
- Buffalo Mesa
- Turnberry
- Reunion
- Buffalo Run
- Central Commerce City
The average monthly rent in Commerce City is $1,892 for an average apartment size of 886 sq. feet.
There has been a -2.9% decrease in median home value over the last year. As of 2023, the median home value is $508,871.
On average, homes in Commerce City sell after 47 days on the market.
The best time to sell a home for the highest valued sale is during July. For the quickest sale, homeowners should sell in May.
The affordability index in Commerce City is 122. This number indicates low affordability in this city.
The top ranked public schools are Barrington Road Elementary School, Windermere Elementary School, Bexley High School, Edison Intermediate and Larson Middle School. This information is based on data measuring academic performance and equity.