Market Overview
Home Prices in Cherry Creek, CO
The median home value in Cherry Creek, CO is $885,184 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2% compared to a year ago and down 0.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cherry Creek are priced116% above average. Cherry Creek is part of the Denver-Aurora-Lakewood, CO metro area.
Over the past five years, Cherry Creek home values have risen by approximately13.2%, reflecting steady appreciation in this market.
Price History
Cherry Creek Home Price Trend
City Comparison
Cherry Creek vs. National Median
At $885,184, homes in Cherry Creek cost 116% above the national median of $410,000. Buyers in Cherry Creek should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Cherry Creek?
20% Down Payment
$177,037
on $885,184
Monthly P&I
$4,617/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,864/mo
incl. taxes & insurance
Income Needed
$234,560
gross annual (30% rule)
10% Down Option
$88,518
+ PMI applies
Loan Amount (20% dn)
$708,147
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Cherry Creek, CO?
The median home value in Cherry Creek is $885,184 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2% year-over-year.
How much have home prices changed in Cherry Creek?
Over the past year, home values in Cherry Creek have decreased by 2%. Over five years, prices have risen approximately 13.2%.
How much do I need to earn to buy a home in Cherry Creek?
To comfortably afford the median home price of $885,184 with a 20% down payment ($177,037) at today's rates (6.8%), you'd need a gross annual income of approximately $234,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Cherry Creek compare to the national average home price?
The national median home value is approximately $410,000. At $885,184, homes in Cherry Creek are 116% above the national average.
What metro area is Cherry Creek part of?
Cherry Creek is part of the Denver-Aurora-Lakewood, CO metropolitan area. Home prices and market conditions can vary across the broader metro region.