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 6,257 people, 3,109 houses or apartments, and a median cost of homes of $418,135, 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 49.89% of the town's housing units. Other types of housing that are prevalent in Estes Park include duplexes, homes converted to apartments or other small apartment buildings ( 23.35%), large apartment complexes or high rise apartments ( 14.71%), and a few row houses and other attached homes ( 12.05%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Estes Park. Owner-occupied housing accounts for 65.22% of Estes Park's homes, and 49.85% have either three or four bedrooms, which is average sized relative to America.
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 ( 21.49%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.51%). There's also some housing in Estes Park built before 1939 ( 7.09%).
Vacant housing appears to be an issue in Estes Park. Fully 26.24% 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.
In the last 10 years, Estes Park has experienced some of the highest home appreciation rates of any community in the nation. Estes Park real estate appreciated 21.28% over the last ten years, which is an average annual home appreciation rate of 1.95%, putting Estes Park in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Estes Park 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 Estes Park that despite a nationwide downturn in the housing market, Estes Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Estes Park appreciation rates continue to be some of the highest in America, at 9.37%, which is higher than appreciation rates in 91.99% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Estes Park. Estes Park appreciation rates in the latest quarter were at 3.28%, which equates to an annual appreciation rate of 13.76%.
Importantly, this makes Estes Park 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 Estes Park's latest annual appreciation rate is higher than 60% of the other cities and towns in Colorado.
|$921,001 - $1,228,000||4.4|
|$614,001 - $921,000||12.6|
|$491,001 - $614,000||11.3|
|$369,001 - $491,000||30.2|
|$246,001 - $369,000||25.3|
|$123,001 - $246,000||11.8|
|$62,001 - $123,000||0.0|
|$0 - $62,000||2.1|
|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 Estes Park HOMES|
|2000 or Newer||21.5|
|1970 - 1999||53.9|
|1940 - 1969||17.5|
|1939 or Older||7.1|
|TYPE OF Estes Park HOMES|
|Small Apt. Buildings||23.3|
|SIZE OF Estes Park HOMES|
|5 or more bedrooms||0.83|