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Thornton real estate market overview
- Average Monthly Rent: $1,777
- Home Price/Value Percentage Change: -1.60%
- Median Home Value: $524,113
- Best Time To Sell a Home: August
- Affordability Index: Low
- Days To Sell a House: 35
- Job Market: Fair
- Public School Ranking: 24
Location and weather
Thornton is only 10 miles from Denver, and is known as a small city with all the benefits of an urban city. Thornton is higher than Denver, reaching an elevation of 5,342 feet. It was founded in the 1950's as a suburban community to Denver and has steadily grown since.
In Thornton, the summers are warm and clear, while winters are dry and cold. Summer temperatures reach the 80's, with lows in the 60's. The winter temperatures are in the 50's, with lows in the 20's.
Population, job market and cost of living
The population of Thornton in 2023 is 148,797, with a growth rate of 1.58%.
The job growth has decreased by -4.95% and in ten years, is predicted to have increased by 47.41%. The largest industries are in healthcare, social assistance, retail trade and construction. The biggest employers are Adams 12 Five Star Schools, Vibra Hospital of Denver, Appliance Factory & Mattress Kingdom, AMI Mechanical and The Home Team.
The cost of living is high, due to the Thornton real estate market and higher cost of available housing. With strong job growth, parks for outdoor recreation, and scenic views, Thornton will continue to appeal to those who want a suburban lifestyle, with all the opportunities and amenities of Denver.
Thornton real estate market details
- South Thornton
- Emerald Estates
- Quimby
- Cottonwood Lakes
- North Washington
The average monthly rent in Thornton is $1,777 for an average apartment size of 860 sq. feet.
There has been a -1.6% decrease in median home value over the last year. As of 2023, the median home value is $524,113.
On average, homes in Thornton sell after 35 days on the market.
The best time to sell a home for the highest valued sale is during August. For the quickest sale, homeowners should sell in June.
The affordability index in Thornton is 123. This number indicates low affordability in this city.
The top ranked public schools are Skyview Elementary School, Westgate Community School and Stellar Elementary School. This information is based on data measuring academic performance and equity.