Craig, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Craig Neighborhoods Since 2000




Craig, 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

Craig Housing Market Information

With 8,844 people, 3,410 houses or apartments, and a median cost of homes of $171,998, Craig real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Craig, accounting for 59.98% of the city's housing units. Other types of housing that are prevalent in Craig include mobile homes or trailers ( 15.71%), large apartment complexes or high rise apartments ( 15.46%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.26%).

The most prevalent building size and type in Craig are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.17% owning and 38.83% renting.

There is a lot of housing in Craig 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 Craig built between 1940-1969 ( 25.61%). A lesser amount of the housing stock also hails from before 1939 ( 8.63%). There's also some housing in Craig built between 2000 and later ( 4.94%).

Vacant housing appears to be an issue in Craig. Fully 16.18% of the housing stock is classified as vacant. Left unchecked, vacant Craig homes and apartments can be a drag on the real estate market, holding Craig real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Craig Home Appreciation Rates

Craig's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Craig during the period has been just -0.82%, which is lower than 70% of US communities.

Over the last year, Craig appreciation rates have trailed the rest of the nation. In the last twelve months, Craig's appreciation rate has been 2.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Craig were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Colorado, our data show that Craig's latest annual appreciation rate is lower than 90% of the other cities and towns in Colorado.

Average Home Values

 

Median Home Value:
$171,998

Craig, CO HOME PRICES

Value Range
> $1,035,000 0.4
$776,001 - $1,035,000 0.0
$517,001 - $776,000 0.6
$414,001 - $517,000 0.7
$310,001 - $414,000 8.2
$207,001 - $310,000 19.8
$103,001 - $207,000 44.5
$52,001 - $103,000 13.8
$0 - $52,000 12.0

Low for CO
Average for Nation

Value Relative to Nation Value Relative to State
40.882456345951 75.9825327510917

Number Of Homes And Apartments:
3,410

Craig 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
41.31% 2.02% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$937 / per month

Homeownership Rate

Homeownership
Owners 61.17
Renters 38.83
Vacant 16.18

Housing Market Details

 

Age of Homes

AGE OF Craig HOMES
2000 or Newer 4.9
1970 - 1999 60.8
1940 - 1969 25.6
1939 or Older 8.6

Types of Homes

TYPE OF Craig HOMES
Single-Family 60.0
Townhomes 3.6
Small Apt. Buildings 5.3
Apt. Complexes 15.5
Mobile Homes 15.7
Other 0.0

Home Size

SIZE OF Craig HOMES
No Bedroom 0.81
1 Bedroom 7.96
2 Bedrooms 28.93
3 Bedrooms 39.68
4 Bedrooms 16.25
5 or more bedrooms 6.37

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Zip Codes in Craig, CO