Evans, 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

Evans, CO Housing Market Trends

With 21,205 people, 6,725 houses or apartments, and a median cost of homes of $288,572, 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 60.57% of the city's housing units. Other types of housing that are prevalent in Evans include large apartment complexes or high rise apartments ( 16.70%), duplexes, homes converted to apartments or other small apartment buildings ( 8.45%), and a few row houses and other attached homes ( 7.64%).

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 61.65% owning and 38.35% renting.

Evans homes and real estate are some of the newest in America. 51.78% 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 ( 37.01%), and between 1940-1969 ( 8.40%). There's also some housing in Evans built before 1939 ( 2.82%).

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 117.83% over the last ten years, which is an average annual home appreciation rate of 8.10%, 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.

Over the last year, Evans appreciation rates have trailed the rest of the nation. In the last twelve months, Evans's appreciation rate has been 3.88%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Evans were at 0.95%, which equates to an annual appreciation rate of 3.87%.

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

Relative to Colorado, our data show that Evans's latest annual appreciation rate is lower 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:
$288,572

Evans, CO HOME PRICES

> $1,231,000
0.2%
0.2%
$923,001 - $1,231,000
0.0%
0.0%
$615,001 - $923,000
1.8%
1.8%
$492,001 - $615,000
1.1%
1.1%
$369,001 - $492,000
8.9%
8.9%
$246,001 - $369,000
44.9%
44.9%
$123,001 - $246,000
29.1%
29.1%
$61,001 - $123,000
4.8%
4.8%
$0 - $61,000
9.2%
9.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Low for CO

Value Relative To Nation

Number Of Homes And Apartments:
6,725

Evans 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
98.73% 3.32%
5
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,047 / per month

Homeownership Rate

Owners
61.6%
61.6%
Renters
38.4%
38.4%
Vacant
2.3%
2.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
51.8%
51.8%
1970 - 1999
37.0%
37.0%
1940 - 1969
8.4%
8.4%
1939 or Older
2.8%
2.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
60.6%
60.6%
Townhomes
7.6%
7.6%
Small Apt. Buildings
8.5%
8.5%
Apt. Complexes
16.7%
16.7%
Mobile Homes
6.6%
6.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.3%
1.3%
1 Bedroom
5.2%
5.2%
2 Bedrooms
23.4%
23.4%
3 Bedrooms
42.0%
42.0%
4 Bedrooms
20.3%
20.3%
5 or more bedrooms
7.8%
7.8%
0.0% 100.0%
% OF HOMES