By Tess McShane, Director of Housing & Childcare
The Arvada Chamber of Commerce continues to track the proximity of the city’s income-aligned housing inventory relative to where onsite jobs are generally located, by analyzing real time supply of 60-120% AMI (area median income) housing inventory for sale or rent by zip code. Area median income, or AMI is described as the midpoint of a specific income distribution, and is an important metric in determining income-aligned housing options. According to The Department of Housing and Urban Development, this would describe salaries of $52,140 – $104,280 for an individual household, and $74,460 – $148,920 for a household of four. Those in the 60-120% AMI range are typically described as middle-income individuals and families, depending on household size.
This report was generated with 2022 labor data from Lightcast and real-time housing data from Zillow and adhered to rental AMI caps issued by Denver Housing Stability. For sale 60-120% AMI housing caps at approximately $500,000.
Notable Findings
- 80004 is home to the second highest population of resident workers but has the lowest number of housing units available and the lowest homeowner vacancy rate, but the highest rental vacancy rate.
- 80002 is home to the highest number of resident workers and the highest number of jobs and has the highest number of 60-120% AMI housing units available for sale
- 80007 is home to the highest median household income and lowest number of housing units for sale or rent for middle-income earners
AMI Housing by Zip Code
| 80001 | 80002 | 80003 | 80004 | 80005 | 80006 | 80007 | |
|---|---|---|---|---|---|---|---|
| Number of jobs | 402 | 15,104 | 11,080 | 8,903 | 5,582 | 125 | 3,859 |
| Median Household Income | n/a | $77,893 | $73,045 | $86,144 | $122,225 | n/a | $146,796 |
| Total housing units | n/a | 9,482 | 14,576 | 15,328 | 11,380 | n/a | 6,194 |
| Homeowner Vacancy Rate | n/a | 1.9% | 1.1% | 0.0% | 0.5% | n/a | 0.7% |
| Resident workers | 383 | 10,299 | 19,424 | 19,335 | 15,455 | 109 | 10,221 |
| For-sale units * | n/a | 13 | 13 | 0 | 12 | 0 | 4 |
| Rentals ** | n/a | 38 | 25 | 26 | 8 | 0 | 2 |
| Rental Vacancy Rate | n/a | 2.7% | 1.3% | 4.5% | 2.7% | n/a | .05% |
| Top industries | n/a | Retail, Construction, Education and Social Services, Health Care | Retail, Education and Social Services, Health Care, Waste Management Services, Manufacturing | Education and Social Services, Health Care, Waste Management Services, Manufacturing Retail | Education and Social Services, Health Care, Waste Management Services, Manufacturing | n/a | Education and Social Services, Health Care, Waste Management Services, Manufacturing |
** Rental AMI caps issued by Denver Housing Stability
As part of its B.O.L.D. 2026 initiative, the Chamber will continue to evaluate strategies businesses can engage in to support workforce access to housing, with the intent of building public and private partnerships and engaging in advocacy efforts to support an increase in stock and access to income-aligned housing within a reasonable proximity to work for Arvada employees. Interested in participating in the B.O.L.D. 2026 Housing Initiative? Sign up to be a B.O.L.D. Champion today!
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