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Sherrelwood Housing Information

IndexSherrelwoodColoradoNational
Median home price$187,500$264,600$184,700
Median rent asked$1,044$1,057$949
Avg. people per household3.22.52.6
Owner occupied households61.2%64.4%63.6%
Renter occupied households38.8%35.6%36.4%
Above, you'll find an overview of the real estate market in Sherrelwood, CO. Generally, real estate in the Sherrelwood, CO area is more affordable in Colorado, as the median price of a home in Sherrelwood, CO is $187,500, which is 29% lower than the Colorado average. The median rental price in Sherrelwood, CO is $1,044. This is 1% lower than the average rental price in Colorado. Home owners comprise 61.2% of the population of Sherrelwood, CO, where an average of 3.2 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Sherrelwood, CO. Below, you can search for real estate listings in Sherrelwood, CO using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Sherrelwood Home Affordability

When searching for real estate in Sherrelwood, CO, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Sherrelwood, CO, the median house price is $187,500, while the median income for households in the area is $51,815. Therefore, the ratio of house price to income is 3.6x; this ratio is 14% lower than the average in Colorado. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Sherrelwood, CO.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Glendale CDP, CO78$0100%
Leyner, CO27$0100%
Lakeside, CO10$0100%
Federal Heights, CO12,173$42,20077%
Derby, CO8,930$125,30032%
Sherrelwood, CO19,029$187,5002%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Bonney Lake, WA19,022$272,40047%
Alamo, TX19,021$68,50063%
Five Corners, WA19,020$215,10016%
Pinole, CA19,040$387,500110%
Cortland, NY19,018$96,20048%
Sherrelwood, CO19,029$187,5002%

Source: The Sherrelwood, CO housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).
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