Olathe, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Olathe, CO Real Estate Data


Olathe Housing Market Information

With 1,798 people, 495 houses or apartments, and a median cost of homes of $193,338, Olathe real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Olathe, accounting for 65.34% of the town's housing units. Other types of housing that are prevalent in Olathe include mobile homes or trailers ( 19.68%), duplexes, homes converted to apartments or other small apartment buildings ( 10.65%), and a few large apartment complexes or high rise apartments ( 2.17%).

The most prevalent building size and type in Olathe are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 43.91% owning and 56.09% renting.

There is a lot of housing in Olathe 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 Olathe built before 1939 ( 25.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.69%). There's also some housing in Olathe built between 2000 and later ( 4.87%).

Vacant housing appears to be an issue in Olathe. Fully 10.65% of the housing stock is classified as vacant. Left unchecked, vacant Olathe homes and apartments can be a drag on the real estate market, holding Olathe real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Olathe Home Appreciation Rates

Olathe's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Olathe during the period has been just -1.19%, which is lower than 70% of US communities.

Appreciation rates are so strong in Olathe that despite a nationwide downturn in the housing market, Olathe real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Olathe appreciation rates continue to be some of the highest in America, at 6.49%, which is higher than appreciation rates in 80.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Olathe. Olathe 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 Olathe's latest annual appreciation rate is lower than 60% of the other cities and towns in Colorado.

Average Home Values

 

Median Home Value:
$193,338

Olathe, CO HOME PRICES

Value Range
> $1,116,000 0.0
$837,001 - $1,116,000 0.0
$558,001 - $837,000 2.9
$447,001 - $558,000 5.5
$335,001 - $447,000 7.9
$223,001 - $335,000 21.0
$112,001 - $223,000 34.1
$56,001 - $112,000 15.1
$0 - $56,000 13.4

Low for CO
High for Nation

Value Relative to Nation Value Relative to State
34.8421853955613 71.6157205240175

Number Of Homes And Apartments:
495

Rent & Ownership

 

Average Market Rent:
$943 / per month

Homeownership Rate

Homeownership
Owners 43.91
Renters 56.09
Vacant 10.65

Housing Market Details

 

Age of Homes

AGE OF Olathe HOMES
2000 or Newer 4.9
1970 - 1999 52.0
1940 - 1969 17.7
1939 or Older 25.5

Types of Homes

TYPE OF Olathe HOMES
Single-Family 65.3
Townhomes 1.6
Small Apt. Buildings 10.6
Apt. Complexes 2.2
Mobile Homes 19.7
Other 0.5

Home Size

SIZE OF Olathe HOMES
No Bedroom 0.00
1 Bedroom 9.03
2 Bedrooms 27.62
3 Bedrooms 50.36
4 Bedrooms 7.76
5 or more bedrooms 5.23

Olathe 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
42.25% 2.09% 3 5
* 10 is highest

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Zip Codes in Olathe, CO