Rocky Ford, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Rocky Ford Neighborhoods Since 2000




Rocky Ford, 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

Rocky Ford Housing Market Information

With 3,827 people, 1,563 houses or apartments, and a median cost of homes of $78,867, house prices in Rocky Ford are some of the most affordable in Colorado as well as the nation.

Single-family detached homes are the single most common housing type in Rocky Ford, accounting for 77.60% of the city's housing units. Other types of housing that are prevalent in Rocky Ford include large apartment complexes or high rise apartments ( 9.83%), duplexes, homes converted to apartments or other small apartment buildings ( 7.41%), and a few mobile homes or trailers ( 3.73%).

People in Rocky Ford primarily live in small (one, two or no bedroom) single-family detached homes. Rocky Ford has a mixture of owner-occupied and renter-occupied housing.

The housing in Rocky Ford was primarily built before 1939 ( 34.70%), making the housing stock in Rocky Ford some of the oldest overall in America, although there is a range of ages of homes in Rocky Ford. The next most important housing age is between 1940-1969 ( 33.33%), followed by between 1970-1999 ( 27.50%). There's also some housing in Rocky Ford built between 2000 and later ( 4.47%).

Vacant housing appears to be an issue in Rocky Ford. Fully 17.82% of the housing stock is classified as vacant. Left unchecked, vacant Rocky Ford homes and apartments can be a drag on the real estate market, holding Rocky Ford 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.

Rocky Ford Home Appreciation Rates

Appreciation rates for homes in Rocky Ford have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.26%, which ranks in the top 40% nationwide. This equates to an annual average Rocky Ford house appreciation rate of 0.70%.

Appreciation rates are so strong in Rocky Ford that despite a nationwide downturn in the housing market, Rocky Ford real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rocky Ford appreciation rates continue to be some of the highest in America, at 6.89%, which is higher than appreciation rates in 80.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rocky Ford. Rocky Ford 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 Rocky Ford's latest annual appreciation rate is lower than 50% of the other cities and towns in Colorado.

Average Home Values

 

Median Home Value:
$78,867

Rocky Ford, CO HOME PRICES

Value Range
> $1,150,000 0.4
$862,001 - $1,150,000 0.0
$575,001 - $862,000 0.3
$460,001 - $575,000 0.7
$345,001 - $460,000 0.9
$230,001 - $345,000 8.3
$115,001 - $230,000 23.4
$57,001 - $115,000 47.3
$0 - $57,000 18.7

Very Low for CO
Very Low for Nation

Value Relative to Nation Value Relative to State
91.2398921832884 100.0

Number Of Homes And Apartments:
1,563

Rocky Ford 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
57.55% 2.67% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$727 / per month

Homeownership Rate

Homeownership
Owners 61.22
Renters 38.78
Vacant 17.82

Housing Market Details

 

Age of Homes

AGE OF Rocky Ford HOMES
2000 or Newer 4.5
1970 - 1999 27.5
1940 - 1969 33.3
1939 or Older 34.7

Types of Homes

TYPE OF Rocky Ford HOMES
Single-Family 77.6
Townhomes 1.4
Small Apt. Buildings 7.4
Apt. Complexes 9.8
Mobile Homes 3.7
Other 0.0

Home Size

SIZE OF Rocky Ford HOMES
No Bedroom 0.89
1 Bedroom 14.20
2 Bedrooms 35.86
3 Bedrooms 32.91
4 Bedrooms 14.88
5 or more bedrooms 1.26

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Zip Codes in Rocky Ford, CO