Castle Pines North, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Castle Pines North, CO Housing Market Trends

With 10,360 people, 2,155 houses or apartments, and a median cost of homes of $828,577, 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.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Castle Pines North. Owner-occupied housing accounts for 80.79% of Castle Pines North's homes, and 53.22% have either three or four bedrooms, which is average sized relative to America.

Castle Pines North homes and real estate are some of the newest in America. 57.01% 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 ( 40.89%), and between 1940-1969 ( 1.28%).

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 72.80% over the last ten years, which is an average annual home appreciation rate of 5.62%, 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.

NeighborhoodScout's data show that during the latest twelve months, Castle Pines North's appreciation rate, at 5.32%, has been at or slightly above the national average. In the latest quarter, Castle Pines North's appreciation rate has been 2.02%, which annualizes to a rate of 8.33%.

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

Average Home Values

 

Median Home Value:
$828,577

Castle Pines North, CO HOME PRICES

> $1,217,000
19.9%
19.9%
$912,001 - $1,217,000
17.2%
17.2%
$608,001 - $912,000
40.8%
40.8%
$487,001 - $608,000
13.2%
13.2%
$365,001 - $487,000
6.0%
6.0%
$243,001 - $365,000
1.8%
1.8%
$122,001 - $243,000
0.0%
0.0%
$61,001 - $122,000
0.7%
0.7%
$0 - $61,000
0.4%
0.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for CO

Value Relative To Nation

Number Of Homes And Apartments:
2,155

Castle Pines North Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
108.04% 3.55%
6
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,392 / per month

Homeownership Rate

Owners
80.8%
80.8%
Renters
19.2%
19.2%
Vacant
6.4%
6.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
57.0%
57.0%
1970 - 1999
40.9%
40.9%
1940 - 1969
1.3%
1.3%
1939 or Older
0.8%
0.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
75.5%
75.5%
Townhomes
6.7%
6.7%
Small Apt. Buildings
1.6%
1.6%
Apt. Complexes
15.7%
15.7%
Mobile Homes
0.5%
0.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.2%
0.2%
1 Bedroom
9.1%
9.1%
2 Bedrooms
12.1%
12.1%
3 Bedrooms
25.4%
25.4%
4 Bedrooms
27.8%
27.8%
5 or more bedrooms
25.3%
25.3%
0.0% 100.0%
% OF HOMES