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 a population of 12,381, 4,327 total housing units (homes and apartments), and a median house value of $102,556, house prices in Federal Heights are solidly below the national average.
Mobile homes or trailers are the single most common housing type in Federal Heights, accounting for 42.80% of the city's housing units. Other types of housing that are prevalent in Federal Heights include large apartment complexes or high rise apartments ( 34.61%), single-family detached homes ( 17.75%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.74%).
People in Federal Heights primarily live in small (one, two or no bedroom) mobile homes or trailers. Federal Heights has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Federal Heights 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 Federal Heights built between 2000 and later ( 14.55%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.74%). There's also some housing in Federal Heights built before 1939 ( 1.15%).
In the last 10 years, Federal Heights has experienced some of the highest home appreciation rates of any community in the nation. Federal Heights real estate appreciated 33.59% over the last ten years, which is an average annual home appreciation rate of 2.94%, putting Federal Heights in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Federal Heights 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 Federal Heights that despite a nationwide downturn in the housing market, Federal Heights real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Federal Heights appreciation rates continue to be some of the highest in America, at 15.22%, which is higher than appreciation rates in 99.42% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Federal Heights. Federal Heights appreciation rates in the latest quarter were at 2.55%, which equates to an annual appreciation rate of 10.59%.
Importantly, this makes Federal Heights one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Colorado, our data show that Federal Heights's latest annual appreciation rate is higher than 90% of the other cities and towns in Colorado.
|$1,094,001 - $1,459,000||0.9|
|$730,001 - $1,094,000||0.0|
|$584,001 - $730,000||0.2|
|$438,001 - $584,000||0.6|
|$291,001 - $438,000||4.9|
|$146,001 - $291,000||21.4|
|$73,001 - $146,000||17.3|
|$0 - $73,000||54.1|
|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 Federal Heights HOMES|
|2000 or Newer||14.5|
|1970 - 1999||77.6|
|1940 - 1969||6.7|
|1939 or Older||1.1|
|TYPE OF Federal Heights HOMES|
|Small Apt. Buildings||3.7|
|SIZE OF Federal Heights HOMES|
|5 or more bedrooms||1.10|