Air Force Academy, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Air Force Academy Neighborhoods Since 2000




Air Force Academy, CO Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Air Force Academy Housing Market Information

Single-family detached homes are the single most common housing type in Air Force Academy, accounting for 53.20% of the town's housing units. Other types of housing that are prevalent in Air Force Academy include row houses and other attached homes ( 43.37%), duplexes, homes converted to apartments or other small apartment buildings ( 3.43%).

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 61.93% of the town's housing hails from this era. Other housing ages represented in Air Force Academy include homes built between 1970-1999 ( 19.66%) and housing constructed between 2000 and later ( 18.41%).

Vacant housing appears to be an issue in Air Force Academy. Fully 19.66% of the housing stock is classified as vacant. Left unchecked, vacant Air Force Academy homes and apartments can be a drag on the real estate market, holding Air Force Academy real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Air Force Academy Home Appreciation Rates

Appreciation rates for homes in Air Force Academy have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.68%, which ranks in the top 30% nationwide. This equates to an annual average Air Force Academy house appreciation rate of 1.20%.

Appreciation rates are so strong in Air Force Academy that despite a nationwide downturn in the housing market, Air Force Academy real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Air Force Academy appreciation rates continue to be some of the highest in America, at 9.99%, which is higher than appreciation rates in 93.82% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Air Force Academy. Air Force Academy appreciation rates in the latest quarter were at 2.94%, which equates to an annual appreciation rate of 12.30%.

Importantly, this makes Air Force Academy 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 Air Force Academy's latest annual appreciation rate is higher than 70% of the other cities and towns in Colorado.

Average Home Values

 

Air Force Academy Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
49.83% 2.37% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,903 / per month

Homeownership Rate

Homeownership
Owners 0.00
Renters 100.00
Vacant 19.66

Housing Market Details

 

Age of Homes

AGE OF Air Force Academy HOMES
2000 or Newer 18.4
1970 - 1999 19.7
1940 - 1969 61.9
1939 or Older 0.0

Types of Homes

TYPE OF Air Force Academy HOMES
Single-Family 53.2
Townhomes 43.4
Small Apt. Buildings 3.4
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Air Force Academy HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 8.11
3 Bedrooms 46.33
4 Bedrooms 41.97
5 or more bedrooms 3.59