Glenwood Springs, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Glenwood Springs, CO Real Estate Data


Glenwood Springs Housing Market Information

With 9,906 people, 3,887 houses or apartments, and a median cost of homes of $428,876, 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 51.18% of the city's housing units. Other types of housing that are prevalent in Glenwood Springs include large apartment complexes or high rise apartments ( 19.09%), duplexes, homes converted to apartments or other small apartment buildings ( 15.44%), and a few row houses and other attached homes ( 10.59%).

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 1940-1969 ( 20.49%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.48%). There's also some housing in Glenwood Springs built before 1939 ( 15.83%).

Glenwood Springs Home Appreciation Rates

Appreciation rates for homes in Glenwood Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.09%, which ranks in the top 40% nationwide. This equates to an annual average Glenwood Springs house appreciation rate of 0.78%.

Appreciation rates are so strong in Glenwood Springs that despite a nationwide downturn in the housing market, Glenwood Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Glenwood Springs appreciation rates continue to be some of the highest in America, at 6.54%, which is higher than appreciation rates in 80.54% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Glenwood Springs. Glenwood Springs appreciation rates in the latest quarter were at 1.31%, which equates to an annual appreciation rate of 5.34%.

Relative to Colorado, our data show that Glenwood Springs's latest annual appreciation rate is lower than 60% of the other cities and towns in Colorado.

Average Home Values

 

Median Home Value:
$428,876

Glenwood Springs, CO HOME PRICES

Value Range
> $1,250,000 2.8
$938,001 - $1,250,000 2.7
$625,001 - $938,000 14.3
$500,001 - $625,000 22.3
$375,001 - $500,000 15.8
$250,001 - $375,000 24.1
$125,001 - $250,000 9.6
$62,001 - $125,000 4.5
$0 - $62,000 3.9

High for CO
Very High for Nation

Value Relative to Nation Value Relative to State
8.39140364232594 21.3973799126638

Number Of Homes And Apartments:
3,887

Rent & Ownership

 

Average Market Rent:
$1,520 / per month

Homeownership Rate

Homeownership
Owners 53.26
Renters 46.74
Vacant 6.20

Housing Market Details

 

Age of Homes

AGE OF Glenwood Springs HOMES
2000 or Newer 16.5
1970 - 1999 47.2
1940 - 1969 20.5
1939 or Older 15.8

Types of Homes

TYPE OF Glenwood Springs HOMES
Single-Family 51.2
Townhomes 10.6
Small Apt. Buildings 15.4
Apt. Complexes 19.1
Mobile Homes 3.7
Other 0.0

Home Size

SIZE OF Glenwood Springs HOMES
No Bedroom 4.25
1 Bedroom 10.88
2 Bedrooms 33.37
3 Bedrooms 31.59
4 Bedrooms 14.62
5 or more bedrooms 5.28

Glenwood Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
57.71% 2.72% 6 7
* 10 is highest

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Zip Codes in Glenwood Springs, CO