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Westminster real estate market overview
- Average Monthly Rent: $1,858
- Home Price/Value Percentage Change: -2.00%
- Median Home Value: $535,320
- Best Time To Sell a Home: June
- Affordability Index: Low
- Days To Sell a House: 29
- Job Market: Fair
- Public School Ranking: 24
Location and weather
Westminster is in the northwest quadrant of the Denver Metro area, halfway between Denver and Boulder. The city population is 113,000, and it is located on two prime technology corridors: US 36 and N-I 25. Nearby is one of the most robust tech start-up regions in the United States.
In Westminster the summers are warm, and like the rest of Colorado, the winters are cold and dry. The summer temperatures are in the 80's, with lows in the 60's. The high winter temperatures are in the 50's, with lows in the 20's.
Population, job market and cost of living
The population of Westminster in 2023 is 119,377, with a growth rate of 0.86%.
The job growth has decreased by -4.91% and in ten years, is predicted to have increased by 43.33%. The largest industries are in retail trade, healthcare and social assistance and manufacturing. The largest employers are Digital VaultCompany, Tri-State G&T, Digital globe, Blackjack Pizza and AxisPoint Health.
The cost of living is high due to the Westminster real estate market and lack of housing. With its scenic location, 74 miles of interconnected off-road trails and 9 miles of street trails, a growing job market and the benefits of Denver, Westminster will continue to attract an educated workforce.
Westminster real estate market details
- Greenway Park
- Harris Park
- Kings Mill
- Far Horizons
- Walnut Grove
The average monthly rent in Westminster is $1,858 for an average apartment size of 881 sq. feet.
There has been a -2.0% decrease in median home value over the last year. As of 2023, the median home value is $535,320.
On average, homes in Westminster sell after 29 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 sell in May.
The affordability index in Westminster is 126. This number indicates low affordability in this city.
The top ranked public schools are Colorado Preparatory Academy High School, Colorado Stem Academy, Academy of Charters School, Cotton Creek Elementary School and Colorado Preparatory Academy Middle School. This information is based on data measuring academic performance and equity.