Evans, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Evans Neighborhoods Since 2000




Evans, 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Evans Housing Market Information

With 21,383 people, 6,588 houses or apartments, and a median cost of homes of $186,984, Evans real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Evans, accounting for 61.94% of the city's housing units. Other types of housing that are prevalent in Evans include large apartment complexes or high rise apartments ( 15.03%), mobile homes or trailers ( 10.98%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.15%).

The most prevalent building size and type in Evans are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.34% owning and 45.66% renting.

Evans homes and real estate are some of the newest in America. 43.55% of Evans's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Evans real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 40.23%), and between 1940-1969 ( 11.56%). There's also some housing in Evans built before 1939 ( 4.66%).

Evans Home Appreciation Rates

In the last 10 years, Evans has experienced some of the highest home appreciation rates of any community in the nation. Evans real estate appreciated 34.34% over the last ten years, which is an average annual home appreciation rate of 3.00%, putting Evans in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Evans 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 Evans that despite a nationwide downturn in the housing market, Evans real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Evans appreciation rates continue to be some of the highest in America, at 11.50%, which is higher than appreciation rates in 96.73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Evans. Evans appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.89%.

Relative to Colorado, our data show that Evans's latest annual appreciation rate is higher than 80% 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 Evans differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Evans - 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 Evans real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$186,984

Evans, CO HOME PRICES

Value Range
> $1,464,000 0.3
$1,098,001 - $1,464,000 0.0
$732,001 - $1,098,000 0.7
$585,001 - $732,000 0.3
$439,001 - $585,000 3.0
$293,001 - $439,000 9.9
$147,001 - $293,000 59.1
$73,001 - $147,000 12.5
$0 - $73,000 14.2

Low for CO
High for Nation

Value Relative to Nation Value Relative to State
35.7084261103949 73.3624454148472

Number Of Homes And Apartments:
6,588

Evans Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
50.73% 2.41% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,621 / per month

Homeownership Rate

Homeownership
Owners 54.34
Renters 45.66
Vacant 2.52

Housing Market Details

 

Age of Homes

AGE OF Evans HOMES
2000 or Newer 43.5
1970 - 1999 40.2
1940 - 1969 11.6
1939 or Older 4.7

Types of Homes

TYPE OF Evans HOMES
Single-Family 61.9
Townhomes 3.9
Small Apt. Buildings 8.2
Apt. Complexes 15.0
Mobile Homes 11.0
Other 0.0

Home Size

SIZE OF Evans HOMES
No Bedroom 1.08
1 Bedroom 4.05
2 Bedrooms 26.59
3 Bedrooms 42.84
4 Bedrooms 19.81
5 or more bedrooms 5.62