Bennett, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bennett, 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

Bennett Housing Market Information

With 2,484 people, 743 houses or apartments, and a median cost of homes of $389,357, real estate costs in Bennett 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.

Single-family detached homes are the single most common housing type in Bennett, accounting for 85.78% of the town's housing units. Other types of housing that are prevalent in Bennett include mobile homes or trailers ( 8.63%), large apartment complexes or high rise apartments ( 3.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.07%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bennett. Owner-occupied housing accounts for 76.85% of Bennett's homes, and 67.31% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bennett 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 Bennett built between 2000 and later ( 19.20%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.62%). There's also some housing in Bennett built before 1939 ( 6.80%).

Bennett Home Appreciation Rates

In the last 10 years, Bennett has experienced some of the highest home appreciation rates of any community in the nation. Bennett real estate appreciated 26.75% over the last ten years, which is an average annual home appreciation rate of 2.40%, putting Bennett in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bennett definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Bennett that despite a nationwide downturn in the housing market, Bennett real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bennett appreciation rates continue to be some of the highest in America, at 12.41%, which is higher than appreciation rates in 97.94% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bennett. Bennett appreciation rates in the latest quarter were at 2.55%, which equates to an annual appreciation rate of 10.59%.

Importantly, this makes Bennett 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 Bennett's latest annual appreciation rate is higher than 90% of the other cities and towns in Colorado.

Average Home Values

 

Median Home Value:
$389,357

Bennett, CO HOME PRICES

Value Range
> $1,447,000 3.1
$1,086,001 - $1,447,000 0.1
$724,001 - $1,086,000 6.8
$579,001 - $724,000 10.2
$434,001 - $579,000 20.5
$290,001 - $434,000 13.5
$145,001 - $290,000 34.4
$73,001 - $145,000 5.6
$0 - $73,000 5.7

High for CO
Very High for Nation

Value Relative to Nation Value Relative to State
9.93788819875776 25.3275109170306

Number Of Homes And Apartments:
743

Bennett 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
48.97% 2.34% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,395 / per month

Homeownership Rate

Homeownership
Owners 76.85
Renters 23.15
Vacant 9.72

Housing Market Details

 

Age of Homes

AGE OF Bennett HOMES
2000 or Newer 19.2
1970 - 1999 56.4
1940 - 1969 17.6
1939 or Older 6.8

Types of Homes

TYPE OF Bennett HOMES
Single-Family 85.8
Townhomes 0.0
Small Apt. Buildings 2.1
Apt. Complexes 3.5
Mobile Homes 8.6
Other 0.0

Home Size

SIZE OF Bennett HOMES
No Bedroom 0.61
1 Bedroom 10.45
2 Bedrooms 18.96
3 Bedrooms 42.77
4 Bedrooms 24.54
5 or more bedrooms 2.67

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Zip Codes in Bennett, CO