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Arvada real estate market overview
- Average Monthly Rent: $1,829
- Home Price/Value Percentage Change: -2.20%
- Median Home Value: $606,031
- Best Time To Sell a Home: June
- Affordability Index: Low
- Days To Sell a House: 52
- Job Market: Fair
- Public School Ranking: 24
Location and weather
Arvada is less than 12 miles away from Denver and is largely suburban. Originally a gold prospecting town, it has an enchanting downtown area that is being preserved as the Olde Town Arvada historic district. The Arvada Center for the Arts and Humanities hosts many cultural events consisting of art galleries and theatrical stages as well.
Similar to Denver, Arvada has sunny, mild summers and cold, dry winters. Summer temperatures are in the 80's, with lows in the 60's. The winter temperatures are in the 40's, with lows in the 20's.
Population, job market and cost of living
The population of Arvada in 2023 is 129,273, with a growth rate of 1.4%.
The job growth has decreased by -4.87% and in recent years is predicted to have increased by 45.79%. The largest industries are in healthcare, social assistance, retail trade, and professional scientific and research services. The largest employers are Arvada House Prevention Limited Partnership, Peak Utility Services Group, Apex Park and Recreation District, YWAM Denver and Milender White. With Denver so close, Arvada residents also find jobs in Denver and commute.
The cost of living is high, due to the real estate market and high cost of available homes. With a scenic location, close proximity to Denver, solid job base, outdoor activities and quaint historic district, Arvada will continue to grow.
Arvada real estate market details
- Lamar Heights
- Allendale Area
- Scenic Heights
- Spring Mesa
- Meadowglen
The average monthly rent in Arvada is $1,829 for an average apartment size of 836 sq. feet.
TThere has been an -2.2% decrease in median home value over the last year. As of 2023, the median home value is $606,031.
On average, homes in Arvada sell after 52 days on the market.
The best time to sell a home for the highest valued sale is during June. For the quickest sale, homeowners should sellin July.
The affordability index in Arvada is 132. This number indicates low affordability in this city.
The top ranked public schools are West Woods Elementary School, Ralston Valley Senior High School, Meiklejohn Elementary School, Van Arsdale Elementary School and Warder Elementary School. This information is based on data measuring academic performance and equity.