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Arapahoe County, CO

RANK #960 / 996  ·  POP 654,453  ·  CO

PROJECTED GROWTH: -3.4%

Arapahoe County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Arapahoe County?

Arapahoe County, Colorado, distinguishes itself as "Colorado's First County," with origins predating the Pike's Peak Gold Rush in 1858. Located immediately south and east of Denver, the county offers a blend of urban, suburban, and rural environments. Commuting throughout the Denver metro area is facilitated by major roadways, interstate highways, and the E-470 toll road, alongside RTD Light Rail and bus services. The community provides extensive outdoor recreation, with Cherry Creek State Park offering an 880-acre reservoir for boating, fishing, and swimming, along with miles of trails. Other natural amenities include the High Line Canal Trail and the South Platte River, popular for various activities.

Life in Arapahoe County appeals to families and professionals, with highly-rated public schools, including those in the Cherry Creek and Littleton Public School Districts. The county is actively expanding its transportation options, including micro-transit and micromobility services, to better connect residents. The economy is driven by sectors such as technology, aerospace, healthcare, and professional services, attracting businesses and job seekers. Recent economic developments include a focus on business attraction, retention, and infrastructure enhancement, contributing to job growth in the region.

[02] Market Snapshot

Housing Ratio
5.8x

Above national median (4.7x)

GDP Growth
+1.4%

Below national median

Home Prices
-3.8%

Prices declining

Climate & Terrain
2.4

Moderate climate & terrain

Price/Rent
23x

Prices detached from rents

Housing is fairly valued at 5.8x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Arapahoe County U.S. National

The Numbers

DEMOGRAPHICS
Population
654,453
+0.43% YoY
Median Household Income
$92,292
Median Home Value
$480,500
-3.78% 12mo
Median Rent
$1,708
Average Annual Pay
$85,628
+2.5% YoY
Employment
339,996
-0.2% YoY
Income-to-Home-Value
0.1921
Near national average
Migration Inflow
5.78%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$517,424
Days on Market
46
Moderate pace
Months of Supply
3.0
Balanced market
Sale-to-List Ratio
98.6%
Near asking price
Sold Above List
23.0%
Listings w/ Price Drops
30.5%
Building Permits (2024)
3,856
Single-Family Permits
2,362

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$1,125M
TOTAL
PROJECT AMOUNT STATUS
Aurora-Denver Campus Data Center
QTS Data Centers
$500M Operating
Front Range Energy Storage System
Plus Power/Front Range Energy Storage LLC
$250M Planned
Adams County Wind Project (portion in Arapahoe County)
NextEra Energy Resources, LLC
$200M Proposed
Hunter Solar Farm
Hunter Solar, LLC
$75M Operating
Arapahoe Combined Cycle Natural Gas Plant (CORE Energy Purchase)
CORE Electric Cooperative
$50M Operating
Sky Ranch Master-Planned Community
Various Home Builders
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +1.4% 24 percentile
Population Growth +0.4% 49 percentile
Income Growth +8.7% 54 percentile
Vacancy Rate 1.1% 46 percentile
Home Price Change -3.8% 6 percentile
Rent Growth -1.3% 4 percentile
Price/Rent 23x 4 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Arapahoe County, CO a good place to move to?

Arapahoe County has a Boom Town Index score of 4/100, ranking #960 among 996 U.S. counties. With job growth at -0.2% and a median household income of $92,292, it faces some economic headwinds compared to faster-growing counties.

Is Arapahoe County affordable?

The median home value in Arapahoe County is $480,500 with median rent at $1,708/month. The income-to-home-value ratio is 0.1921, which is less affordable than the national average.

Is Arapahoe County growing or shrinking?

Population growth: +0.4% year-over-year. Job growth: -0.2%. Home values changed -3.8% in the past 12 months.

Are people moving to Arapahoe County?

Yes — 5.78% of Arapahoe County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Johnson County, TX 14 Solano County, CA 14 Baltimore County, MD 14 Highlands County, FL 14 Camden County, GA 14 Rapides Parish, LA 14 Maury County, TN 14 Lea County, NM 14