Applewood, CO
Population 8,120 · Colorado
About Applewood, CO
Applewood is a small town located in Colorado with a population of 8,120 residents according to the latest US Census Bureau American Community Survey data. The median household income is $128,988 per year, which is 72% above the national median of $75,149. The median age of 43.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Applewood features a median home value of $725,300, which is 196% above the national median of $244,900. This places Applewood in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,142, 84% above the national average of $1,163/month. Of the 3,537 total housing units, 77% are owner-occupied (2,644 units) and 23% are renter-occupied (780 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Applewood shows an unemployment rate of 6.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 3.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Applewood have an average one-way commute time of 25.3 minutes.
Education & Demographics
66.4% of Applewood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 7.0% White, 1.1% Hispanic or Latino, 0.0% Black or African American, and 3.6% Asian residents, with 5.7% of the population being foreign-born.
Cost of Living in Applewood, CO
Compared to national averages, Applewood has a median household income of $128,988 (72% above the national median of $75,149). Home values average $725,300, which is 196% above the national median. Monthly rent at $2,142 is 84% above the US average of $1,163. Within Colorado, Applewood's income is 46% above the state average of $88,514, and home values are 59% above the state median of $457,127.
Why Live in Applewood, CO?
Applewood offers a strong local economy with a median household income of $128,988, well above the national average, and a well-educated community where 66.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.8%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $725,300. However, Applewood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Applewood has a population of 8,120 with a median age of 43.1 years. Compare Applewood with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Applewood
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lochbuie | 8,142 | $88,548 | $373,800 | Compare |
| Timnath | 8,007 | $172,206 | $717,300 | Compare |
| Fruitvale | 7,998 | $76,339 | $299,900 | Compare |
| Twin Lakes CDP (Adams County), Colorado | 8,279 | $93,818 | $526,700 | Compare |
| Trinidad | 8,309 | $50,792 | $196,900 | Compare |
| Woodland Park | 7,909 | $96,896 | $489,400 | Compare |
| Gypsum | 8,481 | $124,534 | $553,600 | Compare |
| Fort Lupton | 8,494 | $64,850 | $372,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Colorado
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Applewood With Other Cities
Frequently Asked Questions about Applewood
What is the population of Applewood, CO?
The population of Applewood, CO is 8,120 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Colorado.
What is the median household income in Applewood?
The median household income in Applewood, CO is $128,988 per year, which is 72% above the national median of $75,149.
What is the median home value in Applewood?
The median home value in Applewood, CO is $725,300, which is 196% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Applewood?
The median monthly rent in Applewood, CO is $2,142, which is 84% above the national average of $1,163/month.
What is the unemployment rate in Applewood?
The unemployment rate in Applewood, CO is 6.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Applewood, CO a good place to live?
Applewood offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 8,120 and a median age of 43.1, the city appeals to a broad range of residents.
How educated is Applewood, CO?
66.4% of residents in Applewood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Applewood?
Key cost-of-living indicators for Applewood, CO: median home value is $725,300 (196% above national), median rent is $2,142/month, and median household income is $128,988. The home-value-to-income ratio is 5.6x, a moderate figure by national standards.
What is the poverty rate in Applewood?
The poverty rate in Applewood, CO is 3.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Applewood, CO?
Applewood's population is 7.0% White, 1.1% Hispanic or Latino, 0.0% Black or African American, 3.6% Asian, and 0.8% two or more races. 5.7% of residents are foreign-born.