Northglenn, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Northglenn Neighborhoods Since 2000




Northglenn, 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

Northglenn Housing Market Information

With 39,176 people, 13,886 houses or apartments, and a median cost of homes of $273,071, Northglenn real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Northglenn, accounting for 59.72% of the city's housing units. Other types of housing that are prevalent in Northglenn include large apartment complexes or high rise apartments ( 27.98%), row houses and other attached homes ( 8.83%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.89%).

The most prevalent building size and type in Northglenn are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.84% owning and 41.16% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Northglenn's housing was primarily built during this period, from the '40s through the '60s. A full 48.65% of the city's housing hails from this era. Other housing ages represented in Northglenn include homes built between 1970-1999 ( 38.68%) and housing constructed between 2000 and later ( 12.44%).

Northglenn Home Appreciation Rates

In the last 10 years, Northglenn has experienced some of the highest home appreciation rates of any community in the nation. Northglenn real estate appreciated 45.76% over the last ten years, which is an average annual home appreciation rate of 3.84%, putting Northglenn in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Northglenn 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 Northglenn that despite a nationwide downturn in the housing market, Northglenn real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Northglenn appreciation rates continue to be some of the highest in America, at 11.79%, which is higher than appreciation rates in 97.19% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Northglenn. Northglenn appreciation rates in the latest quarter were at 2.55%, which equates to an annual appreciation rate of 10.59%.

Importantly, this makes Northglenn 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 Northglenn's latest annual appreciation rate is higher than 90% of the other cities and towns in Colorado.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Northglenn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Northglenn - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Northglenn real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$273,071

Northglenn, CO HOME PRICES

Value Range
> $1,478,000 0.5
$1,108,001 - $1,478,000 0.2
$739,001 - $1,108,000 0.1
$591,001 - $739,000 0.1
$443,001 - $591,000 5.7
$296,001 - $443,000 33.5
$148,001 - $296,000 54.6
$74,001 - $148,000 2.2
$0 - $74,000 3.2

Average for CO
Very High for Nation

Value Relative to Nation Value Relative to State
19.3777100667995 51.9650655021834

Number Of Homes And Apartments:
13,886

Northglenn 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
63.67% 2.90% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,486 / per month

Homeownership Rate

Homeownership
Owners 58.84
Renters 41.16
Vacant 4.12

Housing Market Details

 

Age of Homes

AGE OF Northglenn HOMES
2000 or Newer 12.4
1970 - 1999 38.7
1940 - 1969 48.6
1939 or Older 0.2

Types of Homes

TYPE OF Northglenn HOMES
Single-Family 59.7
Townhomes 8.8
Small Apt. Buildings 2.9
Apt. Complexes 28.0
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Northglenn HOMES
No Bedroom 1.32
1 Bedroom 14.96
2 Bedrooms 20.10
3 Bedrooms 31.14
4 Bedrooms 24.88
5 or more bedrooms 7.60