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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 80,191, 24,867 total housing units (homes and apartments), and a median house value of $671,578, real estate costs in Castle Rock 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 Castle Rock, accounting for 74.22% of the town's housing units. Other types of housing that are prevalent in Castle Rock include large apartment complexes or high rise apartments ( 16.56%), row houses and other attached homes ( 7.26%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.48%).
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 Rock. Owner-occupied housing accounts for 77.52% of Castle Rock's homes, and 61.79% have either three or four bedrooms, which is average sized relative to America.
Castle Rock homes and real estate are some of the newest in America. 65.87% of Castle Rock's housing was built since 2000, making the town 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 Rock real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 30.57%), and between 1940-1969 ( 2.75%).
In the last 10 years, Castle Rock has experienced some of the highest home appreciation rates of any community in the nation. Castle Rock real estate appreciated 112.57% over the last ten years, which is an average annual home appreciation rate of 7.83%, putting Castle Rock in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Castle Rock definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Castle Rock appreciation rates have trailed the rest of the nation. In the last twelve months, Castle Rock's appreciation rate has been 1.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Castle Rock were at 2.98%, which equates to an annual appreciation rate of 12.46%.
Relative to Colorado, our data show that Castle Rock's latest annual appreciation rate is higher than 60% of the other cities and towns in Colorado.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Castle Rock differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Castle Rock - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Castle Rock real estate investment or home purchase decisions.
$3,344 / per month