Rifle, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Rifle, 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

Rifle Housing Market Information

With 9,563 people, 3,105 houses or apartments, and a median cost of homes of $270,600, Rifle real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Rifle, accounting for 66.83% of the city's housing units. Other types of housing that are prevalent in Rifle include duplexes, homes converted to apartments or other small apartment buildings ( 14.65%), row houses and other attached homes ( 7.01%), and a few large apartment complexes or high rise apartments ( 6.24%).

The most prevalent building size and type in Rifle are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.31% owning and 37.69% renting.

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 ( 20.75%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.14%). There's also some housing in Rifle built before 1939 ( 14.49%).

Vacant housing appears to be an issue in Rifle. Fully 14.32% of the housing stock is classified as vacant. Left unchecked, vacant Rifle homes and apartments can be a drag on the real estate market, holding Rifle 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.

Rifle Home Appreciation Rates

Rifle's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Rifle during the period has been just -1.26%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Rifle's appreciation rate, at 3.70%, has been at or slightly above the national average. In the latest quarter, Rifle's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Colorado, our data show that Rifle's latest annual appreciation rate is lower than 80% of the other cities and towns in Colorado.

Average Home Values

 

Median Home Value:
$270,600

Rifle, CO HOME PRICES

Value Range
> $1,203,000 0.0
$902,001 - $1,203,000 1.1
$601,001 - $902,000 5.4
$481,001 - $601,000 2.1
$361,001 - $481,000 16.6
$240,001 - $361,000 30.1
$120,001 - $240,000 34.6
$60,001 - $120,000 5.4
$0 - $60,000 4.6

Average for CO
Very High for Nation

Value Relative to Nation Value Relative to State
19.6589710535568 53.7117903930131

Number Of Homes And Apartments:
3,105

Rifle 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
34.53% 1.73% 1 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,333 / per month

Homeownership Rate

Homeownership
Owners 62.31
Renters 37.69
Vacant 14.32

Housing Market Details

 

Age of Homes

AGE OF Rifle HOMES
2000 or Newer 20.8
1970 - 1999 48.6
1940 - 1969 16.1
1939 or Older 14.5

Types of Homes

TYPE OF Rifle HOMES
Single-Family 66.8
Townhomes 7.0
Small Apt. Buildings 14.7
Apt. Complexes 6.2
Mobile Homes 5.3
Other 0.0

Home Size

SIZE OF Rifle HOMES
No Bedroom 1.55
1 Bedroom 7.42
2 Bedrooms 22.96
3 Bedrooms 53.17
4 Bedrooms 13.74
5 or more bedrooms 1.16

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Zip Codes in Rifle, CO