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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Glenwood Springs, 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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Glenwood Springs, CO Housing Market Trends

With a population of 10,264, 3,901 total housing units (homes and apartments), and a median house value of $770,269, real estate costs in Glenwood Springs 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 Glenwood Springs, accounting for 44.21% of the city's housing units. Other types of housing that are prevalent in Glenwood Springs include large apartment complexes or high rise apartments ( 25.24%), duplexes, homes converted to apartments or other small apartment buildings ( 13.67%), and a few row houses and other attached homes ( 10.22%).

People in Glenwood Springs primarily live in small (one, two or no bedroom) single-family detached homes. Glenwood Springs has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Glenwood Springs 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 Glenwood Springs built between 2000 and later ( 23.03%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.44%). There's also some housing in Glenwood Springs built before 1939 ( 15.97%).

Glenwood Springs Home Appreciation Rates

In the last 10 years, Glenwood Springs has experienced some of the highest home appreciation rates of any community in the nation. Glenwood Springs real estate appreciated 119.22% over the last ten years, which is an average annual home appreciation rate of 8.17%, putting Glenwood Springs in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Glenwood Springs definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Glenwood Springs's appreciation rate, at 5.06%, has been at or slightly above the national average. In the latest quarter, Glenwood Springs's appreciation rate has been 2.53%, which annualizes to a rate of 10.51%.

Importantly, this makes Glenwood Springs 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 Glenwood Springs's latest annual appreciation rate is higher than 70% of the other cities and towns in Colorado.

Average Home Values

Median Home Value

$770,269

Glenwood Springs, CO Home Prices
> $1,300,000
$975,001 - $1,300,000
$650,001 - $975,000
$520,001 - $650,000
$390,001 - $520,000
$260,001 - $390,000
$130,001 - $260,000
$65,001 - $130,000
$0 - $65,000
10.0%
10.0%
12.5%
12.5%
36.7%
36.7%
16.9%
16.9%
10.8%
10.8%
2.5%
2.5%
4.5%
4.5%
2.0%
2.0%
4.1%
4.1%
0% 100.0%
% of Homes
High

for Colorado

Very High

for nation

Number of Homes And Apartments:

3,901

Glenwood Springs Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,676 / per month

Homeownership Rate

Owners
Renters
50.8%
50.8%
49.2%
49.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.2%
9.2%
90.8%
90.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
23.0%
23.0%
41.6%
41.6%
19.4%
19.4%
16.0%
16.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
44.2%
44.2%
10.2%
10.2%
13.7%
13.7%
25.2%
25.2%
6.7%
6.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.4%
2.4%
20.0%
20.0%
30.1%
30.1%
30.4%
30.4%
13.9%
13.9%
3.1%
3.1%
0% 100.0%
% of Homes

Popular Communities Near Glenwood Springs, CO

Zip Codes in Glenwood Springs, CO