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
With a population of 18,465, 6,998 total housing units (homes and apartments), and a median house value of $506,257, Durango house prices are not only among the most expensive in Colorado, Durango real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Durango, accounting for 52.78% of the city's housing units. Other types of housing that are prevalent in Durango include large apartment complexes or high rise apartments ( 27.63%), row houses and other attached homes ( 8.72%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.02%).
People in Durango primarily live in small (one, two or no bedroom) single-family detached homes. Durango has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Durango 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 Durango built between 1940-1969 ( 22.78%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.72%). There's also some housing in Durango built before 1939 ( 14.74%).
Vacant housing appears to be an issue in Durango. Fully 11.66% of the housing stock is classified as vacant. Left unchecked, vacant Durango homes and apartments can be a drag on the real estate market, holding Durango 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.
Appreciation rates for homes in Durango have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 26.12%, which ranks in the top 30% nationwide. This equates to an annual average Durango house appreciation rate of 2.35%.
Over the last year, Durango appreciation rates have trailed the rest of the nation. In the last twelve months, Durango's appreciation rate has been 2.95%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Durango were at 0.85%, which equates to an annual appreciation rate of 3.43%.
Relative to Colorado, our data show that Durango's latest annual appreciation rate is lower than 90% 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 city. Individual neighborhoods within Durango differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Durango - 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 Durango real estate investment or home purchase decisions.
|$896,001 - $1,194,000||4.3|
|$597,001 - $896,000||21.0|
|$477,001 - $597,000||25.6|
|$358,001 - $477,000||22.7|
|$239,001 - $358,000||8.5|
|$120,001 - $239,000||5.8|
|$59,001 - $120,000||1.3|
|$0 - $59,000||4.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
2000 Q1 - 2019 Q1
|* 10 is highest|
|AGE OF Durango HOMES|
|2000 or Newer||21.7|
|1970 - 1999||40.7|
|1940 - 1969||22.8|
|1939 or Older||14.7|
|TYPE OF Durango HOMES|
|Small Apt. Buildings||8.0|
|SIZE OF Durango HOMES|
|5 or more bedrooms||2.78|