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Abbeville, AL (Shorterville/Union)

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Median House Value:

Colorado real estate and demographic information

Top Ten Most Expensive CO Cities

NAME
1 Cherry Hills Village
2 Aspen
3 Greenwood Village
4 Snowmass Village
5 Telluride
6 Vail
7 Breckenridge
8 Basalt
9 Ward
10 Gypsum

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POPULATION
4,301,261

Colorado Information

COLORADO INFORMATION DETAILS
POPULATION 4,301,261
NUMBER OF HOMES AND APARTMENTS 1,808,037
COLORADO HOME OWNERSHIP
% OWNER OCCUPIED 61.74%
% RENTER OCCUPIED 29.97%
% VACANT 8.29%
TYPE OF COLORADO HOMES
SINGLE FAMILY DETACHED 62.07%
ROWHOUSES AND ATTACHED HOMES 6.33%
SMALL APARTMENT BUILDINGS 5.84%
COMPLEXES OR HIGH RISE APARTMENTS 19.91%
MOBILE HOMES 5.67%
OTHER 0.18%
SIZE OF COLORADO HOMES
NO BEDROOM 2.84%
1 BEDROOM 13.71%
2 BEDROOMS 26.89%
3 BEDROOMS 33.39%
4 BEDROOMS 17.87%
5 OR MORE BEDROOMS 5.30%
AGE OF HOMES
NEWER HOMES (1995 OR LATER) 15.01%
ESTABLISHED, BUT NOT OLD HOMES (1970-1994) 48.51%
WELL-ESTABLISHED, OLD HOMES (1940-1969) 26.16%
HISTORIC (1939 OR BEFORE) 10.32%


COLORADO REAL ESTATE INFORMATION DETAILS
MEDIAN HOME VALUE $263,137
MEDIAN RENTAL PRICE $873
HOME VALUE RANGE
$0-$82,000 6.01%
$82,001-$164,000 13.38%
$164,001-$328,000 48.07%
$328,001-$492,000 19.33%
$492,001-$658,000 6.63%
$658,001-$822,000 2.78%
$822,001-$1,233,000 2.27%
$1,233,001-$1,644,000 0.73%
> $1,644,000 0.80%


PEOPLE OF Colorado DETAILS
POPULATION DISTRIBUTION
UNDER 5 YEARS 6.86%
5 TO 17 18.64%
18 TO 24 9.95%
25 TO 34 15.45%
35 TO 54 31.58%
55 TO 64 7.86%
65 YEARS AND OVER 9.67%
EDUCATIONAL ATTAINMENT OF ADULTS
HIGH SCHOOL GRADUATES 86.93%
COLLEGE GRADUATES 32.69%
MEDIAN HOUSEHOLD INCOME $47,203
PER CAPITA INCOME $24,049
INDIVIDUALS BELOW POVERTY LEVEL 9.26%
INDUSTRIES PEOPLE WORK IN Retail (11.78%), Healthcare (9.18%), Manufacturing (9.12%), Construction (9.08%), Professional, scientific, and technical services (7.88%), Education (7.80%), Accomodation (6.99%), Finance (5.15%), Information Technology (4.94%), Other (4.76%), Public Service (4.59%), Transportation (3.98%), Administration (3.75%), Wholesale (3.46%), Real Estate (2.53%), Arts (2.06%)
ATTENDING COLLEGE 6.58%
RACIAL MAKEUP
WHITE 82.73%
BLACK OR AFRICAN AMERICAN 3.70%
AMERICAN INDIAN AND ALASKA NATIVE 1.00%
ASIAN 2.17%
NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDER 0.10%
SOME OTHER RACE ALONE 7.22%
TWO OR MORE RACES 3.07%
HISPANIC OR LATINO (OF ANY RACE) 17.09%
ETHNICITIES PRESENT Other Groups (22.80%), Unclassified (17.91%), German (15.65%), English (7.68%), Irish (7.36%), United States or American (5.15%), Italian (3.69%)
FOREIGN BORN 8.60%
LANGUAGES SPOKEN English (79.10%), Spanish (9.80%)
About Colorado
Colorado Topography

With a mean elevation of 6,800 feet, Colorado is the nation's highest state. It boasts 54 peaks over 14,000 feet (known colloquially as "fourteeners"), including Pikes Peak, one of the state's leading tourist attractions. Colorado's largest city and capital, Denver is known as the Mile High City - its elevation is exactly 5,280 feet.

Colorado Demographics and Urbanization Information

Colorado remains primarily a rural state. Denver's population grew 18 percent from 1990 to 2000, but still has barely half a million residents. Only one other city, Colorado Springs, even falls in the top 50 U.S. cities (49th) with a population of 369,000. More than half of the Centennial State's population lives outside the 10 largest metro areas, an indicator that Colorado retains its frontier character even into the 21st century.

Colorado Economy and Industry

Colorado is dominated by the Rocky Mountains, and is bisected by the Continental Divide running north to south, along which sit seven of the state's largest cities. The Eastern third of Colorado is plateau, and the economy in this part of the state relies heavily on agriculture, especially livestock ranching and production of a few major crops, including sugar beets, wheat, dry beans and barley. Historically, a mining state, Colorado still produces significant amounts of coal, molybdenum, uranium, aggregates (gravel, construction sand) and gold. The world's largest gold producer, Newmont Mining Corp., is based in Denver, and the state ranks third in the U.S. in gold production.

In response to the Great Depression, which severely impacted Colorado's mining industry and agricultural economy, the state's economy began to shift more towards tourism and government employment. The establishment of the U.S. Air Force Academy and the North American Aerospace Defense Command (NORAD) in the Colorado Springs area during the 1950s created thousands of military and civilian jobs; currently there are nine military facilities located in Colorado with more than 60,000 personnel.

Colorado Real Estate and Tourism

Colorado may be best known for its winter sporting industry. Thanks to its sunny, dry climate and famously powdery snow, Colorado's 25 ski resorts generate $2.5 billion in revenues annually. Despite perennial concerns over water shortages in the West generally, and reports that the ski industry may be adversely impacted by global climate change, the real estate market for second homes in upscale resort areas such as celebrity Mecca Aspen and historic Vail remains strong. Real estate sales in Eagle County (Vail) nearly doubled to a record high of $2.7 billion in 2005, while Pitkin County (Aspen) reported an average home sale price of $1.3 million compared with the U.S average of $225,000 in mid-2006.

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Abbeville, AL (Shorterville/Union)