Castle Rock, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Castle Rock Neighborhoods Since 2000




Castle Rock, 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 Rock Housing Market Information

With 55,591 people, 18,721 houses or apartments, and a median cost of homes of $414,983, 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 72.36% of the town's housing units. Other types of housing that are prevalent in Castle Rock include large apartment complexes or high rise apartments ( 16.55%), row houses and other attached homes ( 7.95%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.09%).

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 74.35% of Castle Rock's homes, and 63.48% 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. 53.98% 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 ( 41.74%), and between 1940-1969 ( 3.09%). There's also some housing in Castle Rock built before 1939 ( 1.18%).

Castle Rock Home Appreciation Rates

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 28.58% over the last ten years, which is an average annual home appreciation rate of 2.55%, putting Castle Rock in the top 10% 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.

Appreciation rates are so strong in Castle Rock that despite a nationwide downturn in the housing market, Castle Rock real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Castle Rock appreciation rates continue to be some of the highest in America, at 7.07%, which is higher than appreciation rates in 81.76% 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 Rock. Castle Rock appreciation rates in the latest quarter were at 2.55%, which equates to an annual appreciation rate of 10.59%.

Importantly, this makes Castle Rock 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 Castle Rock's latest annual appreciation rate is lower than 50% 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.

Average Home Values

 

Median Home Value:
$414,983

Castle Rock, CO HOME PRICES

Value Range
> $1,351,000 2.2
$1,013,001 - $1,351,000 3.7
$675,001 - $1,013,000 11.5
$540,001 - $675,000 12.2
$405,001 - $540,000 21.8
$270,001 - $405,000 33.4
$135,001 - $270,000 11.7
$68,001 - $135,000 0.8
$0 - $68,000 2.7

High for CO
Very High for Nation

Value Relative to Nation Value Relative to State
8.73666940114848 21.3973799126638

Number Of Homes And Apartments:
18,721

Castle Rock 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
52.99% 2.50% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,437 / per month

Homeownership Rate

Homeownership
Owners 74.35
Renters 25.65
Vacant 3.30

Housing Market Details

 

Age of Homes

AGE OF Castle Rock HOMES
2000 or Newer 54.0
1970 - 1999 41.7
1940 - 1969 3.1
1939 or Older 1.2

Types of Homes

TYPE OF Castle Rock HOMES
Single-Family 72.4
Townhomes 7.9
Small Apt. Buildings 2.1
Apt. Complexes 16.5
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Castle Rock HOMES
No Bedroom 0.00
1 Bedroom 5.89
2 Bedrooms 18.86
3 Bedrooms 36.27
4 Bedrooms 27.21
5 or more bedrooms 11.78