Pagosa Springs, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pagosa Springs Neighborhoods Since 2000




Pagosa Springs, 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

Pagosa Springs Housing Market Information

With a population of 1,756, 782 total housing units (homes and apartments), and a median house value of $381,429, real estate costs in Pagosa 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 Pagosa Springs, accounting for 59.64% of the town's housing units. Other types of housing that are prevalent in Pagosa Springs include large apartment complexes or high rise apartments ( 20.51%), mobile homes or trailers ( 11.10%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.53%).

The most prevalent building size and type in Pagosa Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 48.70% owning and 51.30% renting.

There is a lot of housing in Pagosa 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 Pagosa Springs built between 2000 and later ( 28.88%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.71%). There's also some housing in Pagosa Springs built before 1939 ( 13.36%).

Vacant housing appears to be an issue in Pagosa Springs. Fully 26.43% of the housing stock is classified as vacant. Left unchecked, vacant Pagosa Springs homes and apartments can be a drag on the real estate market, holding Pagosa Springs 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.

Pagosa Springs Home Appreciation Rates

Real estate appreciation rates in Pagosa Springs's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.39% during the period.

Appreciation rates are so strong in Pagosa Springs that despite a nationwide downturn in the housing market, Pagosa Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pagosa Springs appreciation rates continue to be some of the highest in America, at 6.22%, which is higher than appreciation rates in 75.97% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pagosa Springs. Pagosa Springs appreciation rates in the latest quarter were at 0.00%, which equates to an annual appreciation rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$381,429

Pagosa Springs, CO HOME PRICES

Value Range
> $1,198,000 8.1
$899,001 - $1,198,000 7.4
$599,001 - $899,000 14.7
$479,001 - $599,000 7.2
$359,001 - $479,000 14.7
$240,001 - $359,000 17.4
$120,001 - $240,000 19.5
$60,001 - $120,000 7.8
$0 - $60,000 3.1

High for CO
Very High for Nation

Value Relative to Nation Value Relative to State
10.3129028477675 26.6375545851528

Number Of Homes And Apartments:
782

Pagosa Springs 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
42.06% 2.06% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,070 / per month

Homeownership Rate

Homeownership
Owners 48.70
Renters 51.30
Vacant 26.43

Housing Market Details

 

Age of Homes

AGE OF Pagosa Springs HOMES
2000 or Newer 28.9
1970 - 1999 42.1
1940 - 1969 15.7
1939 or Older 13.4

Types of Homes

TYPE OF Pagosa Springs HOMES
Single-Family 59.6
Townhomes 0.8
Small Apt. Buildings 7.5
Apt. Complexes 20.5
Mobile Homes 11.1
Other 0.5

Home Size

SIZE OF Pagosa Springs HOMES
No Bedroom 4.42
1 Bedroom 8.65
2 Bedrooms 34.15
3 Bedrooms 39.23
4 Bedrooms 13.17
5 or more bedrooms 0.38

Popular Neighborhoods in Pagosa Springs

Popular Communities Near Pagosa Springs, CO

Zip Codes in Pagosa Springs, CO