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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Rifle, CO Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Rifle, CO Housing Market Trends

With a population of 10,551, 3,615 total housing units (homes and apartments), and a median house value of $525,451, real estate costs in Rifle 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 Rifle, accounting for 55.74% of the city's housing units. Other types of housing that are prevalent in Rifle include row houses and other attached homes ( 15.22%), large apartment complexes or high rise apartments ( 11.00%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.13%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rifle. Owner-occupied housing accounts for 69.12% of Rifle's homes, and 59.38% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Rifle 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 Rifle built between 2000 and later ( 25.45%). A lesser amount of the housing stock also hails from before 1939 ( 12.18%). There's also some housing in Rifle built between 1940-1969 ( 12.07%).

Rifle Home Appreciation Rates

In the last 10 years, Rifle has experienced some of the highest home appreciation rates of any community in the nation. Rifle real estate appreciated 147.23% over the last ten years, which is an average annual home appreciation rate of 9.47%, putting Rifle in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rifle definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Rifle's appreciation rate, at 5.06%, has been at or slightly above the national average. In the latest quarter, Rifle's appreciation rate has been 2.53%, which annualizes to a rate of 10.51%.

Importantly, this makes Rifle 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 Rifle's latest annual appreciation rate is higher than 50% of the other cities and towns in Colorado.

Average Home Values

Median Home Value

$525,451

Rifle, CO Home Prices
> $1,469,000
$1,102,001 - $1,469,000
$734,001 - $1,102,000
$588,001 - $734,000
$441,001 - $588,000
$293,001 - $441,000
$147,001 - $293,000
$73,001 - $147,000
$0 - $73,000
0.0%
0.0%
1.3%
1.3%
9.6%
9.6%
15.9%
15.9%
33.3%
33.3%
19.0%
19.0%
7.0%
7.0%
6.5%
6.5%
7.5%
7.5%
0% 100.0%
% of Homes
Average

for Colorado

Very High

for nation

Number of Homes And Apartments:

3,615

Rifle Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,687 / per month

Homeownership Rate

Owners
Renters
69.1%
69.1%
30.9%
30.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.4%
3.4%
96.6%
96.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
25.5%
25.5%
50.3%
50.3%
12.1%
12.1%
12.2%
12.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
55.7%
55.7%
15.2%
15.2%
9.1%
9.1%
11.0%
11.0%
7.8%
7.8%
1.1%
1.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
3.8%
3.8%
33.5%
33.5%
43.0%
43.0%
16.4%
16.4%
1.7%
1.7%
0% 100.0%
% of Homes

Popular Neighborhoods in Rifle

Popular Communities Near Rifle, CO

Zip Codes in Rifle, CO