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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 5,467, 2,526 total housing units (homes and apartments), and a median house value of $364,867, real estate costs in Salida 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 Salida, accounting for 68.43% of the city's housing units. Other types of housing that are prevalent in Salida include mobile homes or trailers ( 10.92%), duplexes, homes converted to apartments or other small apartment buildings ( 10.92%), and a few large apartment complexes or high rise apartments ( 6.16%).
Dwellings in Salida tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 49.67% of the homes in Salida have two or fewer bedrooms.
The housing in Salida was primarily built before 1939 ( 33.81%), making the housing stock in Salida some of the oldest overall in America, although there is a range of ages of homes in Salida. The next most important housing age is between 1970-1999 ( 32.48%), followed by between 1940-1969 ( 24.75%). There's also some housing in Salida built between 2000 and later ( 8.96%).
Vacant housing appears to be an issue in Salida. Fully 11.59% of the housing stock is classified as vacant. Left unchecked, vacant Salida homes and apartments can be a drag on the real estate market, holding Salida 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.
In the last 10 years, Salida has experienced some of the highest home appreciation rates of any community in the nation. Salida real estate appreciated 36.80% over the last ten years, which is an average annual home appreciation rate of 3.18%, putting Salida in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Salida definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Salida that despite a nationwide downturn in the housing market, Salida real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Salida appreciation rates continue to be some of the highest in America, at 7.92%, which is higher than appreciation rates in 86.33% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Salida. Salida appreciation rates in the latest quarter were at 2.55%, which equates to an annual appreciation rate of 10.59%.
Importantly, this makes Salida 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 Salida's latest annual appreciation rate is higher than 50% of the other cities and towns in Colorado.
|$932,001 - $1,243,000||1.1|
|$621,001 - $932,000||7.6|
|$497,001 - $621,000||6.9|
|$373,001 - $497,000||20.7|
|$249,001 - $373,000||36.7|
|$124,001 - $249,000||16.7|
|$62,001 - $124,000||3.3|
|$0 - $62,000||7.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Salida HOMES|
|2000 or Newer||9.0|
|1970 - 1999||32.5|
|1940 - 1969||24.7|
|1939 or Older||33.8|
|TYPE OF Salida HOMES|
|Small Apt. Buildings||10.9|
|SIZE OF Salida HOMES|
|5 or more bedrooms||1.86|