Estes Park, CO Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Estes Park, CO Housing Market Trends

With 6,426 people, 3,440 houses or apartments, and a median cost of homes of $514,529, real estate costs in Estes Park 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 Estes Park, accounting for 51.92% of the town's housing units. Other types of housing that are prevalent in Estes Park include large apartment complexes or high rise apartments ( 19.54%), row houses and other attached homes ( 15.61%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 12.66%).

The most prevalent building size and type in Estes Park are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 54.38% owning and 45.62% renting.

There is a lot of housing in Estes Park 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 Estes Park built between 2000 and later ( 21.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.37%). There's also some housing in Estes Park built before 1939 ( 6.00%).

Vacant housing appears to be an issue in Estes Park. Fully 29.98% of the housing stock is classified as vacant. Left unchecked, vacant Estes Park homes and apartments can be a drag on the real estate market, holding Estes Park 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.

Estes Park Home Appreciation Rates

Appreciation rates for homes in Estes Park have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 51.61%, which ranks in the top 30% nationwide. This equates to an annual average Estes Park house appreciation rate of 4.25%.

Over the last year, Estes Park appreciation rates have trailed the rest of the nation. In the last twelve months, Estes Park's appreciation rate has been 3.34%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Estes Park were at 0.44%, which equates to an annual appreciation rate of 1.77%.

Notably, Estes Park's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$514,529

Estes Park, CO HOME PRICES

> $1,175,000
3.7%
3.7%
$882,001 - $1,175,000
7.1%
7.1%
$588,001 - $882,000
25.5%
25.5%
$470,001 - $588,000
22.3%
22.3%
$352,001 - $470,000
22.7%
22.7%
$235,001 - $352,000
14.7%
14.7%
$118,001 - $235,000
2.4%
2.4%
$59,001 - $118,000
1.2%
1.2%
$0 - $59,000
0.4%
0.4%
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:
3,440

Estes Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
89.98% 3.10%
3
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,155 / per month

Homeownership Rate

Owners
54.4%
54.4%
Renters
45.6%
45.6%
Vacant
30.0%
30.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
21.5%
21.5%
1970 - 1999
52.1%
52.1%
1940 - 1969
20.4%
20.4%
1939 or Older
6.0%
6.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
51.9%
51.9%
Townhomes
15.6%
15.6%
Small Apt. Buildings
12.7%
12.7%
Apt. Complexes
19.5%
19.5%
Mobile Homes
0.3%
0.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
8.0%
8.0%
1 Bedroom
10.3%
10.3%
2 Bedrooms
29.5%
29.5%
3 Bedrooms
39.4%
39.4%
4 Bedrooms
9.8%
9.8%
5 or more bedrooms
3.1%
3.1%
0.0% 100.0%
% OF HOMES

Popular Communities Near Estes Park, CO

Zip Codes in Estes Park, CO