With a population of 10,360, 1,972 total housing units (homes and apartments), and a median house value of $735,483, 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 85.22% of Castle Pines North's homes, and 63.88% 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. 59.12% 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 ( 38.10%), and between 1940-1969 ( 1.90%).
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 36.08% over the last ten years, which is an average annual home appreciation rate of 3.13%, 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 8.64%, which is higher than appreciation rates in 94.44% 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 3.81%, which equates to an annual appreciation rate of 16.13%.
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 70% of the other cities and towns in Colorado.
|$1,016,001 - $1,355,000||9.8|
|$677,001 - $1,016,000||25.4|
|$542,001 - $677,000||19.8|
|$406,001 - $542,000||20.3|
|$271,001 - $406,000||7.9|
|$136,001 - $271,000||0.7|
|$68,001 - $136,000||0.4|
|$0 - $68,000||2.0|
|Value Relative to Nation||Value Relative to State|
|AGE OF Castle Pines North HOMES|
|2000 or Newer||59.1|
|1970 - 1999||38.1|
|1940 - 1969||1.9|
|1939 or Older||0.9|
|TYPE OF Castle Pines North HOMES|
|Small Apt. Buildings||3.7|
|SIZE OF Castle Pines North HOMES|
|5 or more bedrooms||20.45|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
2000 Q1 - 2016 Q3
|* 10 is highest|