Vail appreciation rates and housing market information

Vail housing market information

With 4,500 people, 5,386 houses or apartments, and a median cost of homes of $693,700, Vail house prices are not only among the most expensive in Colorado, Vail 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 Vail, accounting for 52.75% of the town's housing units. Other types of housing that are prevalent in Vail include row houses and other attached homes (18.07%), duplexes, homes converted to apartments, or other small apartment buildings (17.08%), and a few single-family detached homes (12.03%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

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

There is a lot of housing in Vail 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 Vail built from 1940-1969 (10.66%). A lesser amount of the housing stock also hails from 1995 and later (7.71%), and some were built from 1939 and earlier (7.71%).

A decent proportion of the Vail housing stock is seasonally occupied. That is, homes and condos in Vail 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 Vail housing market speaks to its popularity as a vacation location of choice.

Vail home appreciation rates

In the last 10 years, Vail has experienced some of the highest home appreciation rates of any community in the nation. Vail real estate appreciated 145.85% over the last ten years, which is an average annual home appreciation rate of 14.58%, putting Vail in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Vail 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 Vail that despite a nationwide downturn in the housing market, Vail real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Vail appreciation rates continue to be some of the highest in America, at 9.74%, which is higher than appreciation rates in 97% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Vail. Vail appreciation rates in the latest quarter were at 1.55%, which equates to an annual appreciation rate of 6.20%.

Importantly, this makes Vail 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 Vail's latest annual appreciation rate is higher than 86% of the other cities and towns in Colorado.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Vail differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Vail - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Vail real estate investment or home purchase decisions.