The strong economy in the State of Colorado plays a key role in rising housing costs. In December 2019, the median home value in Arvada was $440,589. Arvada home values have gone up 2.2% over the past year and Zillow predicts they will rise 1.0% within the next year.
The median list price per square foot in Arvada is $272, which is higher than the Denver-Aurora-Lakewood Metro average of $267. The median price of homes currently listed in Arvada is $459,900 while the median price of homes that sold is $421,500.
The median rent price in Arvada is $2,150, which is higher than the Denver-Aurora-Lakewood Metro median of $2,100. A household would need to make $85,000 per year to manage a monthly rental rate of $2,100.