Neighborhood Guide

Terrace At Cherry Creek

Greenwood Village, CO 80111

Data Verified: Jul 4, 2026

About this Area

The Terrace at Cherry Creek is a premier residential enclave in Greenwood Village, Colorado, renowned for its sophisticated ambiance and meticulous attention to detail. Developed in the early 2000s, this neighborhood was envisioned as a haven for professionals and families seeking a refined, urban-adjacent lifestyle without the drawbacks of city living. The architecture is predominantly contemporary and transitional, with clean lines, expansive windows, and premium finishes that create a sleek, modern aesthetic. The community’s name pays homage to its proximity to the iconic Cherry Creek, which flows nearby, offering scenic views and recreational opportunities. Over the years, the Terrace at Cherry Creek has cultivated a reputation for exclusivity and elegance, attracting buyers who value both style and substance in their living environment.

The real estate market in the Terrace at Cherry Creek is defined by its high-end properties, with a median home value of $890,500, reflecting the neighborhood’s premium positioning. Homes in this area are characterized by their spacious floor plans, often exceeding 3,500 square feet, and luxurious finishes such as granite countertops, hardwood flooring, and gourmet kitchen appliances. Architectural styles range from modern farmhouses to sleek contemporary designs, all featuring expansive lots that provide privacy and outdoor living space. The market is highly competitive, with homes frequently selling above asking price due to strong demand from buyers who prioritize quality, location, and exclusivity. Buyers can expect to find properties with features like home theaters, wine cellars, and resort-style backyard oases.

Residents of the Terrace at Cherry Creek enjoy a lifestyle enriched by world-class amenities and convenient access to premier destinations. The neighborhood is just minutes from the Cherry Creek Mall, offering an array of high-end shopping, dining, and entertainment options, including brands like Louis Vuitton, Tiffany & Co., and Michelin-starred restaurants. For outdoor enthusiasts, the Cherry Creek Trail and nearby Cherry Creek State Park provide endless opportunities for hiking, biking, and water activities. The area is also served by top-rated schools, including Cherry Creek High School, known for its academic excellence and robust extracurricular programs. Additionally, the neighborhood’s proximity to I-25 and major business hubs like the Denver Tech Center ensures a seamless commute, making it an ideal location for professionals.

The Terrace at Cherry Creek attracts discerning buyers who seek a lifestyle of luxury, convenience, and community in one of Denver’s most desirable suburbs. With a median household income of $132,292, residents enjoy financial stability and access to an array of high-end amenities that enhance their daily lives. The neighborhood’s prime location offers a perfect balance between urban accessibility and suburban tranquility, making it ideal for families, professionals, and empty-nesters alike. Its strong property values and low turnover rate underscore the enduring appeal of this exclusive community, ensuring a wise investment for homeowners. Whether commuting to Denver or enjoying the local parks and trails, residents of the Terrace at Cherry Creek experience the best of both worlds.

Homendo Valuation Index
Quality of Life 86
Environment 85
Education 89
Safety 84
Demographics
Population
31,817
Density
2,800
Median Age
42.1
Income
$132,292
StatisticZipCityCountyStateUSA
Population 31,817 15,485655,7095,810,774332,387,540
Median Age 42.1 46.237.337.538.7
People per Household 2.42 2.362.562.452.54
Median Household Income $132,292 $145,781$97,215$92,470$78,538
Avg Income per Capita $85,168 $110,266$51,942$50,489$43,289
Real Estate Market
Median Value
$890,500
Median Rent
$1,924
Available
120
MetricZipCityCountyStateUSA
Median Sale Price$890,500$1,213,300$526,000$502,200$303,400
Median Age of Home3832403845
Homes Owned60.5%60.7%62.2%60.6%58.2%
Homes Rented34.9%34.2%33.3%30.8%31.3%
Homes Vacant4.6%5.1%4.5%8.6%10.4%
Quality of Life
IndexZipCityCountyStateUSA
Cost of Living Index177.4177.4177.4177.4100.0
Commute Time (min)21.921.327.325.526.6
Work from Home28.8%30.3%18.6%18.8%13.5%
Climate
Jan Low
19.0°
July High
90.3°
Rain
16.8"
MetricZipCityCountyStateUSA
Jan Avg Low (°F)19.019.019.019.019.0
July Avg High (°F)90.390.390.390.390.3
Annual Precip (in)16.816.816.816.816.8
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 Terrace At Cherry Creek

Terrace At Cherry Creek is an affluent community with above-average earning potential located in Greenwood Village. The neighborhood is offering a healthy balance of homeownership and rental opportunities..

Demographically, the area attracts a diverse age group (Median Age: 42.1), creating a unique community atmosphere. With a median household income of $132,292, 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 Terrace At Cherry Creek is currently active. The median home value stands at $890,500, reflecting the desirability of the Greenwood Village area. For investors or those looking to lease, the median rent is approximately $1,924.

According to Homendo Network, the area's inventory turnover (Vacancy Rate: 4.6%) suggests a competitive market where quality homes tend to sell quickly.
Source: Homendo Network Market Data Analysis (2026).

Terrace At Cherry Creek holds a Homendo Safety Score of 84 and an Environmental Quality Score of 85. 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 Greenwood 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 Terrace At Cherry Creek is rated at 89 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).