Cortez, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Cortez, 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

Cortez Housing Market Information

With 8,715 people, 3,515 houses or apartments, and a median cost of homes of $202,956, Cortez real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Cortez, accounting for 67.17% of the city's housing units. Other types of housing that are prevalent in Cortez include mobile homes or trailers ( 16.37%), duplexes, homes converted to apartments or other small apartment buildings ( 8.40%), and a few large apartment complexes or high rise apartments ( 5.99%).

The most prevalent building size and type in Cortez are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.78% owning and 40.22% renting.

There is a lot of housing in Cortez built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Cortez built between 1940-1969 ( 39.31%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.87%). There's also some housing in Cortez built before 1939 ( 5.94%).

Cortez Home Appreciation Rates

Appreciation rates for homes in Cortez have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.79%, which ranks in the top 40% nationwide. This equates to an annual average Cortez house appreciation rate of 0.47%.

NeighborhoodScout's data show that during the latest twelve months, Cortez's appreciation rate, at 5.56%, has been at or slightly above the national average. In the latest quarter, Cortez's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Colorado, our data show that Cortez's latest annual appreciation rate is lower than 70% of the other cities and towns in Colorado.

Average Home Values

 

Median Home Value:
$202,956

Cortez, CO HOME PRICES

Value Range
> $1,135,000 1.2
$851,001 - $1,135,000 0.0
$567,001 - $851,000 0.4
$454,001 - $567,000 0.9
$340,001 - $454,000 8.1
$227,001 - $340,000 18.6
$113,001 - $227,000 49.3
$57,001 - $113,000 10.7
$0 - $57,000 10.7

Low for CO
High for Nation

Value Relative to Nation Value Relative to State
31.5656861596156 69.8689956331878

Number Of Homes And Apartments:
3,515

Cortez 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
58.35% 2.70% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,040 / per month

Homeownership Rate

Homeownership
Owners 59.78
Renters 40.22
Vacant 8.06

Housing Market Details

 

Age of Homes

AGE OF Cortez HOMES
2000 or Newer 8.9
1970 - 1999 45.9
1940 - 1969 39.3
1939 or Older 5.9

Types of Homes

TYPE OF Cortez HOMES
Single-Family 67.2
Townhomes 2.1
Small Apt. Buildings 8.4
Apt. Complexes 6.0
Mobile Homes 16.4
Other 0.0

Home Size

SIZE OF Cortez HOMES
No Bedroom 0.31
1 Bedroom 5.31
2 Bedrooms 30.74
3 Bedrooms 51.58
4 Bedrooms 11.74
5 or more bedrooms 0.31

Popular Neighborhoods in Cortez

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Zip Codes in Cortez, CO