Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 6,608, 660 total housing units (homes and apartments), and a median house value of $385,198, Air Force Academy real estate prices are well above average cost compared to national prices.
Air Force Academy is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Air Force Academy than is found in 98% of the communities in America.
Renters dominate Air Force Academy's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Air Force Academy's housing was primarily built during this period, from the '40s through the '60s. A full 46.68% of the town's housing hails from this era. Other housing ages represented in Air Force Academy include homes built between 1970-1999 ( 28.70%) and housing constructed between 2000 and later ( 24.62%).
In the last 10 years, Air Force Academy has experienced some of the highest home appreciation rates of any community in the nation. Air Force Academy real estate appreciated 124.70% over the last ten years, which is an average annual home appreciation rate of 8.43%, putting Air Force Academy in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Air Force Academy definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Air Force Academy appreciation rates have trailed the rest of the nation. In the last twelve months, Air Force Academy's appreciation rate has been 4.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Air Force Academy were at 1.64%, which equates to an annual appreciation rate of 6.74%.
Relative to Colorado, our data show that Air Force Academy's latest annual appreciation rate is lower than 60% of the other cities and towns in Colorado.
$385,198
$2,897 / per month