Cherry Hills Village is no Denver or Boulder. It is quite a bit smaller with a rough population of only 5,900 people spanning across its city limits. Before you launch into your search for property rentals in this scenic town, you need to understand how the housing market in this particular area works so that you are prepared for all of the potential complications and aspects to keep in mind.
With over 90% of the available homes in the town being in the upper ring of residential housing costs, your options will be expansive, but expensive. Do not think that just because the Cherry Hills Village area is small that it comes with small town price tags. As a desirable place to hang your proverbial hat, the majority of homes available will be large single-family homes with a decent mortgage. Smaller rental properties account for less than 6% of the housing options in the area. You won't find many hi rise apartments here but you can find studio apartments, 1 bedroom and two bedroom apartments in small complexes.
Understanding Your Price Range
A key aspect to renting an apartment in this particular region is understanding what your price range is. Are you looking for something in the low six-figures? Or, are you able to go a little higher? There is always room for negotiation on these kinds of homes, but it is important to understand that the majority of homes in the Cherry Hills Village region will be pricey, so go into shopping mode understanding this.
Preparing In Advance
The pricing of the houses is not just because of the location; it is because of the demand. New residents are always looking for real estate in this region. For this reason, you need to make sure that you start shopping early and lock in a home as soon as you can. This is not the kind of housing market that you can take your time deciding on a house. You never know when someone else will snatch it out from under you.
Seasonal Population Change
Because Cherry Hills Village is primarily a golf town, the nicer seasons of the year will boast a much higher population in the town. Individuals who have second homes in this area might choose to stay somewhere else during the cold months and then return in the summer to play golf.
Cherry Hills Village only covers about 6.3 square miles. Because of this, the neighborhood options are fairly limited. However, when searching for a home to live in, you should understand what neighborhoods there are to choose from.
Cherry Hills Country Club: The country club is more than a place to play golf, it is surrounded by lovely homes that have access to the club's facilities and amenities. The cost of these houses will be nearly double other houses in the area, of course.
Glenmoor: Another, smaller country club is Glenmoor, which is located on the south of the city limits. It is smaller and does not have as wide of a reputation, which means that houses will be a little cheaper in this particular region.
Jefferson Square: Home of the Jefferson Square Park and nearly 25% of Cherry Hills Village's residential blocks, Jefferson Square is one of the more affordable, but close-knit places to live in the region.
Buell Lake: Who doesn't want a house on a lake? In Cherry Hills Village, Buell Lake is a hot spot for locals. Few houses are available in this area, as many are family homes, but it is still a lovely place to live.