Monument, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Monument, CO Real Estate Data


Monument Housing Market Information

With 6,420 people, 1,883 houses or apartments, and a median cost of homes of $440,924, Monument house prices are not only among the most expensive in Colorado, Monument real estate also is some of the most expensive in all of America.

Monument is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Monument than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Monument. Owner-occupied housing accounts for 86.03% of Monument's homes, and 67.57% have either three or four bedrooms, which is average sized relative to America.

Monument homes and real estate are some of the newest in America. 59.16% of Monument's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Monument real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 35.94%), and between 1940-1969 ( 4.40%).

Monument Home Appreciation Rates

Appreciation rates for homes in Monument have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.72%, which ranks in the top 40% nationwide. This equates to an annual average Monument house appreciation rate of 0.75%.

Appreciation rates are so strong in Monument that despite a nationwide downturn in the housing market, Monument real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Monument appreciation rates continue to be some of the highest in America, at 6.39%, which is higher than appreciation rates in 78.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Monument. Monument appreciation rates in the latest quarter were at 4.70%, which equates to an annual appreciation rate of 20.15%.

Importantly, this makes Monument one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Colorado, our data show that Monument's latest annual appreciation rate is lower than 70% of the other cities and towns in Colorado.

Average Home Values

 

Median Home Value:
$440,924

Monument, CO HOME PRICES

Value Range
> $1,190,000 1.1
$892,001 - $1,190,000 4.4
$595,001 - $892,000 19.7
$476,001 - $595,000 13.5
$357,001 - $476,000 29.6
$238,001 - $357,000 17.4
$119,001 - $238,000 10.0
$60,001 - $119,000 0.5
$0 - $60,000 3.7

Very High for CO
Very High for Nation

Value Relative to Nation Value Relative to State
7.94636060197927 19.6506550218341

Number Of Homes And Apartments:
1,883

Rent & Ownership

 

Average Market Rent:
$1,692 / per month

Homeownership Rate

Homeownership
Owners 86.03
Renters 13.97
Vacant 5.76

Housing Market Details

 

Age of Homes

AGE OF Monument HOMES
2000 or Newer 59.2
1970 - 1999 35.9
1940 - 1969 4.4
1939 or Older 0.5

Types of Homes

TYPE OF Monument HOMES
Single-Family 84.5
Townhomes 5.3
Small Apt. Buildings 1.4
Apt. Complexes 2.5
Mobile Homes 6.4
Other 0.0

Home Size

SIZE OF Monument HOMES
No Bedroom 0.60
1 Bedroom 0.60
2 Bedrooms 8.46
3 Bedrooms 28.23
4 Bedrooms 39.34
5 or more bedrooms 22.77

Monument 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
42.85% 2.12% 3 5
* 10 is highest

Popular Neighborhoods in Monument

Zip Codes in Monument, CO