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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Bayfield, CO Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bayfield, CO Housing Market Trends

With 2,897 people, 1,017 houses or apartments, and a median cost of homes of $516,124, Bayfield real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Bayfield, accounting for 68.49% of the town's housing units. Other types of housing that are prevalent in Bayfield include mobile homes or trailers ( 10.75%), duplexes, homes converted to apartments or other small apartment buildings ( 10.47%), and a few row houses and other attached homes ( 7.47%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bayfield. Owner-occupied housing accounts for 73.74% of Bayfield's homes, and 72.86% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bayfield 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 Bayfield built between 2000 and later ( 40.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.56%). There's also some housing in Bayfield built before 1939 ( 3.28%).

Bayfield Home Appreciation Rates

Appreciation rates for homes in Bayfield have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 89.61%, which ranks in the top 40% nationwide. This equates to an annual average Bayfield house appreciation rate of 6.61%.

NeighborhoodScout's data show that during the latest twelve months, Bayfield's appreciation rate, at 5.06%, has been at or slightly above the national average. In the latest quarter, Bayfield's appreciation rate has been 2.53%, which annualizes to a rate of 10.51%.

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

Average Home Values

Median Home Value

$516,124

Bayfield, CO Home Prices
> $1,317,000
$988,001 - $1,317,000
$659,001 - $988,000
$527,001 - $659,000
$395,001 - $527,000
$264,001 - $395,000
$132,001 - $264,000
$66,001 - $132,000
$0 - $66,000
2.6%
2.6%
1.5%
1.5%
20.1%
20.1%
22.9%
22.9%
27.6%
27.6%
21.3%
21.3%
0.5%
0.5%
0.3%
0.3%
3.2%
3.2%
0% 100.0%
% of Homes
Average

for Colorado

Very High

for nation

Number of Homes And Apartments:

1,017

Bayfield Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,445 / per month

Homeownership Rate

Owners
Renters
73.7%
73.7%
26.3%
26.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.4%
7.4%
92.6%
92.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
40.5%
40.5%
46.6%
46.6%
9.6%
9.6%
3.3%
3.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.5%
68.5%
7.5%
7.5%
10.5%
10.5%
2.8%
2.8%
10.7%
10.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.4%
1.4%
4.6%
4.6%
18.9%
18.9%
64.8%
64.8%
8.1%
8.1%
2.4%
2.4%
0% 100.0%
% of Homes

Popular Neighborhoods in Bayfield

Popular Communities Near Bayfield, CO

Zip Codes in Bayfield, CO