Avon, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Avon Neighborhoods Since 2000




Avon, 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

Avon Housing Market Information

With a population of 6,505, 2,213 total housing units (homes and apartments), and a median house value of $355,739, real estate costs in Avon are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Colorado communities.

Large apartment complexes or high rise apartments are the single most common housing type in Avon, accounting for 57.63% of the town's housing units. Other types of housing that are prevalent in Avon include row houses and other attached homes ( 18.16%), single-family detached homes ( 9.58%), and a few mobile homes or trailers ( 7.61%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.

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

There is a lot of housing in Avon built from 1970 to 1999 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 Avon built between 2000 and later ( 24.41%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.21%). There's also some housing in Avon built before 1939 ( 1.42%).

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

Avon Home Appreciation Rates

Homes have actually lost value in Avon over the last then years, as home values have seen a decline of 23.86% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Avon home appreciation rates at 0.00%, which equates to an annual appreciation rate of 0.00%.

Over the last year, Avon appreciation rates have trailed the rest of the nation. In the last twelve months, Avon's appreciation rate has been 1.79%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Avon were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Colorado, our data show that Avon's latest annual appreciation rate is lower than 90% of the other cities and towns in Colorado.

Average Home Values

 

Median Home Value:
$355,739

Avon, CO HOME PRICES

Value Range
> $1,056,000 8.0
$792,001 - $1,056,000 5.8
$528,001 - $792,000 16.5
$423,001 - $528,000 5.8
$317,001 - $423,000 5.0
$211,001 - $317,000 12.3
$106,001 - $211,000 21.3
$53,001 - $106,000 11.0
$0 - $53,000 14.2

High for CO
Very High for Nation

Value Relative to Nation Value Relative to State
11.771944216571 31.4410480349345

Number Of Homes And Apartments:
2,213

Avon 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
13.94% 0.76% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,421 / per month

Homeownership Rate

Homeownership
Owners 40.26
Renters 59.74
Vacant 44.94

Housing Market Details

 

Age of Homes

AGE OF Avon HOMES
2000 or Newer 24.4
1970 - 1999 71.0
1940 - 1969 3.2
1939 or Older 1.4

Types of Homes

TYPE OF Avon HOMES
Single-Family 9.6
Townhomes 18.2
Small Apt. Buildings 7.0
Apt. Complexes 57.6
Mobile Homes 7.6
Other 0.0

Home Size

SIZE OF Avon HOMES
No Bedroom 7.24
1 Bedroom 15.82
2 Bedrooms 30.83
3 Bedrooms 32.35
4 Bedrooms 11.05
5 or more bedrooms 2.71

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Zip Codes in Avon, CO