Breckenridge appreciation rates and housing market information

Breckenridge housing market information

With a population of 7,449, 8,558 total housing units (homes and apartments), and a median house value of $653,829, Breckenridge house prices are not only among the most expensive in Colorado, Breckenridge real estate also is some of the most expensive in all of America.

large apartment complexes or high rise apartments are the single most common housing type in Breckenridge, accounting for 47.57% of the town's housing units. Other types of housing that are prevalent in Breckenridge include single-family detached homes (35.21%), duplexes, homes converted to apartments, or other small apartment buildings (7.49%), row houses and other attached homes (5.63%), and a few mobile homes or trailers (3.80%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.

People in Breckenridge primarily live in small (one, two, or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Breckenridge has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Breckenridge built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Breckenridge built from 1995 and later (22.07%). A lesser amount of the housing stock also hails from 1940-1969 (5.49%), and some were built from 1939 and earlier (5.49%).

A decent proportion of the Breckenridge housing stock is seasonally occupied. That is, homes and condos in Breckenridge are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Breckenridge housing market speaks to its popularity as a vacation location of choice.

Breckenridge home appreciation rates

In the last 10 years, Breckenridge has experienced some of the highest home appreciation rates of any community in the nation. Breckenridge real estate appreciated 159.25% over the last ten years, which is an average annual home appreciation rate of 15.92%, putting Breckenridge in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Breckenridge definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Breckenridge that despite a nationwide downturn in the housing market, Breckenridge real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Breckenridge appreciation rates continue to be some of the highest in America, at 8.42%, which is higher than appreciation rates in 98% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Breckenridge. Breckenridge appreciation rates in the latest quarter were at 2.66%, which equates to an annual appreciation rate of 10.64%.

Importantly, this makes Breckenridge one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Colorado, our data show that Breckenridge's latest annual appreciation rate is higher than 92% of the other cities and towns in Colorado.