Basalt, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Basalt, 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

Basalt Housing Market Information

With 3,891 people, 1,691 houses or apartments, and a median cost of homes of $722,992, Basalt house prices are not only among the most expensive in Colorado, Basalt real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Basalt, accounting for 42.25% of the town's housing units. Other types of housing that are prevalent in Basalt include large apartment complexes or high rise apartments ( 26.27%), row houses and other attached homes ( 16.84%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 12.12%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Basalt. Owner-occupied housing accounts for 72.03% of Basalt's homes, and 55.87% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Basalt 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 Basalt built between 2000 and later ( 35.39%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.59%).

Basalt Home Appreciation Rates

Real estate appreciation rates in Basalt's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.22% during the period.

Appreciation rates are so strong in Basalt that despite a nationwide downturn in the housing market, Basalt real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Basalt appreciation rates continue to be some of the highest in America, at 7.50%, which is higher than appreciation rates in 84.15% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Basalt. Basalt appreciation rates in the latest quarter were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Colorado, our data show that Basalt's latest annual appreciation rate is higher than 50% of the other cities and towns in Colorado.

Average Home Values

 

Median Home Value:
$722,992

Basalt, CO HOME PRICES

Value Range
> $1,205,000 15.7
$904,001 - $1,205,000 8.7
$603,001 - $904,000 24.3
$482,001 - $603,000 14.5
$361,001 - $482,000 11.8
$241,001 - $361,000 7.9
$120,001 - $241,000 6.6
$60,001 - $120,000 5.7
$0 - $60,000 4.8

Very High for CO
Very High for Nation

Value Relative to Nation Value Relative to State
2.48447204968944 3.93013100436681

Number Of Homes And Apartments:
1,691

Basalt 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
51.73% 2.45% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,587 / per month

Homeownership Rate

Homeownership
Owners 72.03
Renters 27.97
Vacant 9.33

Housing Market Details

 

Age of Homes

AGE OF Basalt HOMES
2000 or Newer 35.4
1970 - 1999 60.6
1940 - 1969 3.6
1939 or Older 0.4

Types of Homes

TYPE OF Basalt HOMES
Single-Family 42.3
Townhomes 16.8
Small Apt. Buildings 12.1
Apt. Complexes 26.3
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Basalt HOMES
No Bedroom 0.00
1 Bedroom 14.05
2 Bedrooms 28.53
3 Bedrooms 43.06
4 Bedrooms 12.82
5 or more bedrooms 1.55

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Zip Codes in Basalt, CO