Cherry Creek

City Overview

Cherry Creek is a neighborhood that is located inside the City and County of Denver. Even though Cherry Creek is not its own city or town, locals recognize the Cherry Creek area as a distinct area that differentiates itself from the rest of Denver . Cherry Creek got its name from the creek with the same name that runs along the south side of the neighborhood.

In the Cherry Creek neighborhood there are residential single-family homes, many high-end condominiums, and several famous shopping areas including the Cherry Creek Mall, and “Cherry Creek North” – which is a residential area mixed with upscale shops, boutiques, art galleries, and restaurants.

There are approximately 5,000 permanent residents living in Cherry Creek and about 3,200 households. However, the area is under constant re-development and growth, so the population is sure to get larger over the course of the next several decades.

Cherry Creek Economy

The Cherry Creek neighborhood is home to several large shopping areas as well as corporate offices. It is estimated that the within Cherry Creek there are 15,000 filled employment positions. The mean household income in Cherry Creek is $95,236.

Due to the high-end shopping areas in Cherry Creek, the neighborhood provides a significant amount of sales tax revenue to the City of Denver. The streets in Cherry Creek North recently became metered, so all vehicles must pay to park – another money-making opportunity for the City of Denver.

Cherry Creek Real Estate

The Cherry Creek neighborhood has never been an inexpensive area to buy real estate, but over the past two decades, homes in Cherry Creek have become extremely expensive. In the early 2000s, the average home price in Cherry Creek was $692,764.00. Today, a small and very average condominium in Cherry Creek North can be as expensive as a half million dollars.

One of the most well-known events that takes place annually in Denver is the Cherry Creek Arts Festival. The Festival draws exhibitors and visitors to the Cherry Creek area from all over the world. Cherry Creek is also home to many public parks, bike paths and open areas – all maintained by the City of Denver.