Neighborhood Guide

Bank Addition

Cherry Hills Village, CO 80113

Data Verified: Jul 6, 2026

About this Area

Bank Addition, a hidden gem within Cherry Hills Village, Colorado, offers a unique blend of historic charm and modern convenience, making it a coveted neighborhood for those who appreciate both character and sophistication. Originally developed in the 1920s as an extension of the nearby Cherry Hills Country Club, this area was designed to cater to affluent families seeking a tranquil retreat with easy access to Denver's burgeoning cultural and economic scene. The neighborhood's name derives from its proximity to the former Cherry Hills Bank, a landmark that once served as the financial heart of the community. Over the decades, Bank Addition has retained its architectural integrity, featuring a mix of early 20th-century Craftsman bungalows, Spanish Revival homes, and mid-century modern designs, all set against a backdrop of lush landscaping and mature trees. Its tree-lined streets and pedestrian-friendly layout foster a strong sense of community, where neighbors often gather for block parties, holiday events, and local fundraisers.

The real estate market in Bank Addition is characterized by its diversity and exclusivity, with homes that cater to a wide range of tastes and lifestyles. The median home value in this neighborhood is approximately six hundred ninety-nine thousand six hundred dollars, reflecting the area's desirability and the premium placed on its historic and architectural significance. Lots in Bank Addition typically range from half an acre to two acres, offering ample space for custom renovations, expansions, or new construction. Architectural styles are a highlight of the neighborhood, with many homes featuring original hardwood floors, intricate woodwork, and vintage details that harken back to the early 1900s. Modern updates, such as gourmet kitchens, spa-like bathrooms, and energy-efficient systems, seamlessly blend with the historic charm, making these homes both functional and aesthetically stunning.

Bank Addition residents enjoy a wealth of amenities that enhance their quality of life, from world-class recreational facilities to top-tier educational institutions. The neighborhood is just a short drive from the Cherry Hills Country Club, where members can enjoy golf, tennis, swimming, and fine dining, as well as social events and private events. For outdoor enthusiasts, the nearby Highline Canal Trail provides over 70 miles of scenic paths for walking, biking, and jogging, while local parks like Willow Creek Park offer playgrounds, sports fields, and picnic areas. Educational excellence is a cornerstone of the area, with nearby schools such as Cherry Hills Village Elementary and Cherry Creek Schools consistently ranking among the best in Colorado. Shopping and dining options are abundant, with upscale boutiques, specialty grocery stores, and a variety of restaurants within a 10-minute drive, including favorites like The Cherry Hills Grill and Urban Farmer.

Bank Addition is a prime choice for buyers who value history, community, and convenience, all within one of Colorado's most prestigious suburbs. The neighborhood's median household income of ninety-five thousand five hundred forty-three dollars underscores its economic stability and the affluence of its residents. Commuting is a breeze, with easy access to major highways like I-25 and E-470, allowing for quick trips to Denver, Greenwood Village, and other nearby cities. The area's strong local economy, coupled with its reputation for safety, top-rated schools, and vibrant community events, makes it an ideal place to call home for families, professionals, and retirees alike. Whether you're drawn to the historic charm, the modern updates, or the unparalleled amenities, Bank Addition offers a lifestyle that is both enriching and effortlessly elegant.

Homendo Valuation Index
Quality of Life 91
Environment 93
Education 80
Safety 83
Demographics
Population
22,619
Density
2,200
Median Age
39.4
Income
$95,543
StatisticZipCityCountyStateUSA
Population 22,619 6,366655,7095,810,774332,387,540
Median Age 39.4 47.937.337.538.7
People per Household 2.07 2.862.562.452.54
Median Household Income $95,543 $250,001$97,215$92,470$78,538
Avg Income per Capita $83,991 $176,847$51,942$50,489$43,289
Real Estate Market
Median Value
$699,600
Median Rent
$1,508
Available
145
MetricZipCityCountyStateUSA
Median Sale Price$699,600$2,000,001$526,000$502,200$303,400
Median Age of Home5746403845
Homes Owned47.7%91.4%62.2%60.6%58.2%
Homes Rented46.3%2.0%33.3%30.8%31.3%
Homes Vacant6.1%6.5%4.5%8.6%10.4%
Quality of Life
IndexZipCityCountyStateUSA
Cost of Living Index152.2152.2152.2152.2100.0
Commute Time (min)22.221.027.325.526.6
Work from Home22.5%29.2%18.6%18.8%13.5%
Climate
Jan Low
15.3°
July High
91.3°
Rain
16.3"
MetricZipCityCountyStateUSA
Jan Avg Low (°F)15.315.315.315.315.3
July Avg High (°F)91.391.391.391.391.3
Annual Precip (in)16.316.316.316.316.3
Safety & Crime
Violent Crimes (per 100k)
TypeZipCityCountyStateUSA
Assault350.5350.5350.5350.5350.5
Murder4.54.54.54.54.5
Robbery63.063.063.063.063.0
Property Crimes (per 100k)
TypeZipCityCountyStateUSA
Burglary348.0348.0348.0348.0348.0
Theft1754.21754.21754.21754.21754.2

Neighborhood Insights

AI-Ready Analysis for Bank Addition

Bank Addition is an economically balanced community located in Cherry Hills Village. The neighborhood is offering a flexible lifestyle with a dynamic mix of owners and renters, ideal for young professionals or investors..

Demographically, the area attracts a diverse age group (Median Age: 39.4), creating a unique community atmosphere. With a median household income of $95,543, residents enjoy a quality of life that supports local commerce and community maintenance.
Source: Homendo Network Market Data Analysis (2026).

The real estate market in Bank Addition is currently active. The median home value stands at $699,600, reflecting the desirability of the Cherry Hills Village area. For investors or those looking to lease, the median rent is approximately $1,508.

According to Homendo Network, the area's inventory turnover (Vacancy Rate: 6.1%) suggests a competitive market where quality homes tend to sell quickly.
Source: Homendo Network Market Data Analysis (2026).

Bank Addition holds a Homendo Safety Score of 83 and an Environmental Quality Score of 93. These metrics are calculated based on local crime statistics per 100k residents and environmental factors like air quality and park density.

Compared to the broader Cherry Hills Village region, this neighborhood offers a specific balance of security and outdoor accessibility that appeals to safety-conscious buyers.
Source: Homendo Network Market Data Analysis (2026).

The educational landscape in Bank Addition is rated at 80 on the Homendo Index. Located within the Arapahoe County jurisdiction, residents have access to a network of public and private institutions. Families often choose this area specifically for access to these educational resources.
Source: Homendo Network Market Data Analysis (2026).