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 1,402 people, 439 houses or apartments, and a median cost of homes of $453,893, Elizabeth house prices are not only among the most expensive in Colorado, Elizabeth 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 Elizabeth, accounting for 81.66% of the town's housing units. Other types of housing that are prevalent in Elizabeth include large apartment complexes or high rise apartments ( 5.60%), duplexes, homes converted to apartments or other small apartment buildings ( 5.02%), and a few mobile homes or trailers ( 4.83%).
The most prevalent building size and type in Elizabeth are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.91% owning and 40.09% renting.
There is a lot of housing in Elizabeth 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 Elizabeth built between 1940-1969 ( 14.86%). A lesser amount of the housing stock also hails from before 1939 ( 11.20%). There's also some housing in Elizabeth built between 2000 and later ( 10.42%).
Vacant housing appears to be an issue in Elizabeth. Fully 15.25% of the housing stock is classified as vacant. Left unchecked, vacant Elizabeth homes and apartments can be a drag on the real estate market, holding Elizabeth 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.
In the last 10 years, Elizabeth has experienced some of the highest home appreciation rates of any community in the nation. Elizabeth real estate appreciated 27.98% over the last ten years, which is an average annual home appreciation rate of 2.50%, putting Elizabeth in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Elizabeth 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 Elizabeth that despite a nationwide downturn in the housing market, Elizabeth real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Elizabeth appreciation rates continue to be some of the highest in America, at 9.59%, which is higher than appreciation rates in 92.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Elizabeth. Elizabeth appreciation rates in the latest quarter were at 2.55%, which equates to an annual appreciation rate of 10.59%.
Importantly, this makes Elizabeth 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 Elizabeth's latest annual appreciation rate is higher than 60% of the other cities and towns in Colorado.
|$998,001 - $1,331,000||6.1|
|$666,001 - $998,000||15.6|
|$533,001 - $666,000||14.1|
|$399,001 - $533,000||25.1|
|$266,001 - $399,000||19.9|
|$133,001 - $266,000||12.0|
|$66,001 - $133,000||3.1|
|$0 - $66,000||1.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Elizabeth HOMES|
|2000 or Newer||10.4|
|1970 - 1999||63.5|
|1940 - 1969||14.9|
|1939 or Older||11.2|
|TYPE OF Elizabeth HOMES|
|Small Apt. Buildings||5.0|
|SIZE OF Elizabeth HOMES|
|5 or more bedrooms||1.74|