Gunnison, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Gunnison, 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

Gunnison Housing Market Information

With 6,076 people, 2,148 houses or apartments, and a median cost of homes of $272,870, Gunnison real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Gunnison, accounting for 45.06% of the city's housing units. Other types of housing that are prevalent in Gunnison include large apartment complexes or high rise apartments ( 28.07%), mobile homes or trailers ( 9.53%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.71%).

Gunnison is dominated by renter-occupied one, two, or no bedrooms apartments. 68.46% of Gunnison's dwellings are rentals.

There is a lot of housing in Gunnison 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 Gunnison built between 1940-1969 ( 22.98%). A lesser amount of the housing stock also hails from before 1939 ( 12.94%). There's also some housing in Gunnison built between 2000 and later ( 10.91%).

Gunnison Home Appreciation Rates

Real estate appreciation rates in Gunnison's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.52% during the period.

Over the last year, Gunnison appreciation rates have trailed the rest of the nation. In the last twelve months, Gunnison's appreciation rate has been 2.60%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gunnison were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Colorado, our data show that Gunnison's latest annual appreciation rate is lower than 90% of the other cities and towns in Colorado.

Average Home Values

 

Median Home Value:
$272,870

Gunnison, CO HOME PRICES

Value Range
> $1,113,000 0.0
$835,001 - $1,113,000 0.0
$557,001 - $835,000 1.0
$446,001 - $557,000 7.3
$334,001 - $446,000 23.0
$222,001 - $334,000 21.7
$111,001 - $222,000 33.3
$56,001 - $111,000 0.0
$0 - $56,000 13.7

Average for CO
Very High for Nation

Value Relative to Nation Value Relative to State
19.404078284308 52.4017467248908

Number Of Homes And Apartments:
2,148

Gunnison 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
48.16% 2.31% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,039 / per month

Homeownership Rate

Homeownership
Owners 31.54
Renters 68.46
Vacant 7.37

Housing Market Details

 

Age of Homes

AGE OF Gunnison HOMES
2000 or Newer 10.9
1970 - 1999 53.2
1940 - 1969 23.0
1939 or Older 12.9

Types of Homes

TYPE OF Gunnison HOMES
Single-Family 45.1
Townhomes 8.6
Small Apt. Buildings 8.7
Apt. Complexes 28.1
Mobile Homes 9.5
Other 0.0

Home Size

SIZE OF Gunnison HOMES
No Bedroom 2.24
1 Bedroom 11.94
2 Bedrooms 37.34
3 Bedrooms 36.57
4 Bedrooms 8.15
5 or more bedrooms 3.75

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Zip Codes in Gunnison, CO