Durango, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Durango Housing Market Information

With 18,973 people, 7,167 houses or apartments, and a median cost of homes of $521,458, real estate costs in Durango 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 Durango, accounting for 51.59% of the city's housing units. Other types of housing that are prevalent in Durango include large apartment complexes or high rise apartments ( 26.60%), duplexes, homes converted to apartments or other small apartment buildings ( 10.78%), and a few row houses and other attached homes ( 7.40%).

The most prevalent building size and type in Durango are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.90% owning and 44.10% renting.

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 2000 and later ( 25.10%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.30%). There's also some housing in Durango built before 1939 ( 13.02%).

Vacant housing appears to be an issue in Durango. Fully 13.25% 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.

Durango Home Appreciation Rates

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 46.09%, which ranks in the top 30% nationwide. This equates to an annual average Durango house appreciation rate of 3.86%.

NeighborhoodScout's data show that during the latest twelve months, Durango's appreciation rate, at 4.86%, has been at or slightly above the national average. In the latest quarter, Durango's appreciation rate has been 1.64%, which annualizes to a rate of 6.73%.

Relative to Colorado, our data show that Durango'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 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.

Average Home Values

 
info

Median Home Value:
$521,458

Durango, CO HOME PRICES

> $1,243,000
7.9%
7.9%
$933,001 - $1,243,000
6.0%
6.0%
$621,001 - $933,000
20.1%
20.1%
$497,001 - $621,000
23.5%
23.5%
$373,001 - $497,000
20.0%
20.0%
$249,001 - $373,000
9.6%
9.6%
$124,001 - $249,000
4.3%
4.3%
$62,001 - $124,000
3.5%
3.5%
$0 - $62,000
4.9%
4.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for CO

Value Relative To Nation

Number Of Homes And Apartments:
7,167

Durango Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
134.28% 4.19%
9
10
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,508 / per month

Homeownership Rate

Owners
55.9%
55.9%
Renters
44.1%
44.1%
Vacant
13.3%
13.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
25.1%
25.1%
1970 - 1999
37.6%
37.6%
1940 - 1969
24.3%
24.3%
1939 or Older
13.0%
13.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
51.6%
51.6%
Townhomes
7.4%
7.4%
Small Apt. Buildings
10.8%
10.8%
Apt. Complexes
26.6%
26.6%
Mobile Homes
3.6%
3.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
5.9%
5.9%
1 Bedroom
14.1%
14.1%
2 Bedrooms
28.2%
28.2%
3 Bedrooms
37.1%
37.1%
4 Bedrooms
12.3%
12.3%
5 or more bedrooms
2.4%
2.4%
0.0% 100.0%
% OF HOMES