Buena Vista, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Buena Vista, 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

Buena Vista Housing Market Information

With 2,760 people, 1,120 houses or apartments, and a median cost of homes of $328,192, real estate costs in Buena Vista 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 Buena Vista, accounting for 81.19% of the town's housing units. Other types of housing that are prevalent in Buena Vista include large apartment complexes or high rise apartments ( 7.26%), duplexes, homes converted to apartments or other small apartment buildings ( 4.60%), and a few row houses and other attached homes ( 3.63%).

The most prevalent building size and type in Buena Vista are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.38% owning and 35.63% renting.

There is a lot of housing in Buena Vista 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 Buena Vista built between 2000 and later ( 24.21%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.26%). There's also some housing in Buena Vista built before 1939 ( 9.04%).

Buena Vista Home Appreciation Rates

In the last 10 years, Buena Vista has experienced some of the highest home appreciation rates of any community in the nation. Buena Vista real estate appreciated 24.78% over the last ten years, which is an average annual home appreciation rate of 2.24%, putting Buena Vista in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Buena Vista 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 Buena Vista that despite a nationwide downturn in the housing market, Buena Vista real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Buena Vista appreciation rates continue to be some of the highest in America, at 8.52%, which is higher than appreciation rates in 89.05% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Buena Vista. Buena Vista appreciation rates in the latest quarter were at 2.55%, which equates to an annual appreciation rate of 10.59%.

Importantly, this makes Buena Vista 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 Buena Vista's latest annual appreciation rate is higher than 50% of the other cities and towns in Colorado.

Average Home Values

 

Median Home Value:
$328,192

Buena Vista, CO HOME PRICES

Value Range
> $1,238,000 0.9
$928,001 - $1,238,000 1.7
$619,001 - $928,000 2.9
$495,001 - $619,000 7.1
$372,001 - $495,000 20.4
$247,001 - $372,000 27.2
$124,001 - $247,000 25.8
$62,001 - $124,000 8.0
$0 - $62,000 6.1

Average for CO
Very High for Nation

Value Relative to Nation Value Relative to State
13.8579632016876 40.6113537117904

Number Of Homes And Apartments:
1,120

Buena Vista 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
58.94% 2.72% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,325 / per month

Homeownership Rate

Homeownership
Owners 64.38
Renters 35.63
Vacant 9.60

Housing Market Details

 

Age of Homes

AGE OF Buena Vista HOMES
2000 or Newer 24.2
1970 - 1999 46.5
1940 - 1969 20.3
1939 or Older 9.0

Types of Homes

TYPE OF Buena Vista HOMES
Single-Family 81.2
Townhomes 3.6
Small Apt. Buildings 4.6
Apt. Complexes 7.3
Mobile Homes 3.3
Other 0.0

Home Size

SIZE OF Buena Vista HOMES
No Bedroom 2.10
1 Bedroom 9.69
2 Bedrooms 19.77
3 Bedrooms 56.09
4 Bedrooms 10.65
5 or more bedrooms 1.69

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Zip Codes in Buena Vista, CO