Castle Pines North, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Castle Pines North Neighborhoods Since 2000




Castle Pines North, 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

Castle Pines North Housing Market Information

With a population of 10,360, 2,082 total housing units (homes and apartments), and a median house value of $683,548, Castle Pines North house prices are not only among the most expensive in Colorado, Castle Pines North real estate also is some of the most expensive in all of America.

Castle Pines North is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Castle Pines North than is found in 98% of the communities in America.

The large homes that make up Castle Pines North are primarily owner-occupied ( 84.22%).

Castle Pines North homes and real estate are some of the newest in America. 56.65% of Castle Pines North's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Castle Pines North real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 40.17%), and before 1939 ( 1.78%). There's also some housing in Castle Pines North built between 1940-1969 ( 1.39%).

Castle Pines North Home Appreciation Rates

In the last 10 years, Castle Pines North has experienced some of the highest home appreciation rates of any community in the nation. Castle Pines North real estate appreciated 35.35% over the last ten years, which is an average annual home appreciation rate of 3.07%, putting Castle Pines North in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Castle Pines North 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 Castle Pines North that despite a nationwide downturn in the housing market, Castle Pines North real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Castle Pines North appreciation rates continue to be some of the highest in America, at 8.83%, which is higher than appreciation rates in 90.20% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Castle Pines North. Castle Pines North appreciation rates in the latest quarter were at 2.55%, which equates to an annual appreciation rate of 10.59%.

Importantly, this makes Castle Pines North one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Colorado, our data show that Castle Pines North's latest annual appreciation rate is higher than 60% of the other cities and towns in Colorado.

Average Home Values

 

Median Home Value:
$683,548

Castle Pines North, CO HOME PRICES

Value Range
> $1,283,000 17.8
$963,001 - $1,283,000 10.6
$642,001 - $963,000 24.5
$513,001 - $642,000 19.1
$385,001 - $513,000 18.6
$257,001 - $385,000 6.2
$128,001 - $257,000 0.2
$64,001 - $128,000 0.4
$0 - $64,000 2.6

Very High for CO
Very High for Nation

Value Relative to Nation Value Relative to State
2.81846947146373 5.67685589519651

Number Of Homes And Apartments:
2,082

Castle Pines North 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
69.49% 3.11% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,467 / per month

Homeownership Rate

Homeownership
Owners 84.22
Renters 15.78
Vacant 2.91

Housing Market Details

 

Age of Homes

AGE OF Castle Pines North HOMES
2000 or Newer 56.7
1970 - 1999 40.2
1940 - 1969 1.4
1939 or Older 1.8

Types of Homes

TYPE OF Castle Pines North HOMES
Single-Family 80.7
Townhomes 7.5
Small Apt. Buildings 1.7
Apt. Complexes 9.0
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Castle Pines North HOMES
No Bedroom 0.42
1 Bedroom 2.90
2 Bedrooms 13.96
3 Bedrooms 24.20
4 Bedrooms 32.98
5 or more bedrooms 25.54