Steamboat Springs, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Steamboat Springs Neighborhoods Since 2000




Steamboat 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

Steamboat Springs Housing Market Information

With 12,435 people, 4,926 houses or apartments, and a median cost of homes of $648,124, Steamboat Springs house prices are not only among the most expensive in Colorado, Steamboat Springs real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Steamboat Springs, accounting for 42.38% of the city's housing units. Other types of housing that are prevalent in Steamboat Springs include single-family detached homes ( 26.46%), row houses and other attached homes ( 18.62%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.93%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

People in Steamboat Springs primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Steamboat Springs has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Steamboat 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 Steamboat Springs built between 2000 and later ( 29.26%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.34%). There's also some housing in Steamboat Springs built before 1939 ( 2.96%).

A decent proportion of the Steamboat Springs housing stock is seasonally occupied. That is, homes and condos in Steamboat Springs are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Steamboat Springs housing market speaks to its popularity as a vacation location of choice.

Steamboat Springs Home Appreciation Rates

Appreciation rates for homes in Steamboat Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.60%, which ranks in the top 40% nationwide. This equates to an annual average Steamboat Springs house appreciation rate of 0.64%.

Appreciation rates are so strong in Steamboat Springs that despite a nationwide downturn in the housing market, Steamboat Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Steamboat Springs appreciation rates continue to be some of the highest in America, at 6.87%, which is higher than appreciation rates in 80.49% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Steamboat Springs. Steamboat 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 Steamboat Springs's latest annual appreciation rate is lower than 50% of the other cities and towns in Colorado.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Steamboat Springs differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Steamboat Springs - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Steamboat Springs real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$648,124

Steamboat Springs, CO HOME PRICES

Value Range
> $1,239,000 11.4
$929,001 - $1,239,000 11.8
$620,001 - $929,000 26.7
$495,001 - $620,000 8.9
$372,001 - $495,000 17.0
$248,001 - $372,000 11.8
$124,001 - $248,000 3.8
$62,001 - $124,000 4.0
$0 - $62,000 4.6

Very High for CO
Very High for Nation

Value Relative to Nation Value Relative to State
3.19348412047346 6.98689956331878

Number Of Homes And Apartments:
4,926

Steamboat 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
76.82% 3.36% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,568 / per month

Homeownership Rate

Homeownership
Owners 60.68
Renters 39.32
Vacant 49.77

Housing Market Details

 

Age of Homes

AGE OF Steamboat Springs HOMES
2000 or Newer 29.3
1970 - 1999 59.4
1940 - 1969 8.3
1939 or Older 3.0

Types of Homes

TYPE OF Steamboat Springs HOMES
Single-Family 26.5
Townhomes 18.6
Small Apt. Buildings 8.9
Apt. Complexes 42.4
Mobile Homes 3.6
Other 0.0

Home Size

SIZE OF Steamboat Springs HOMES
No Bedroom 4.99
1 Bedroom 13.54
2 Bedrooms 34.92
3 Bedrooms 27.00
4 Bedrooms 14.08
5 or more bedrooms 5.47

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Zip Codes in Steamboat Springs, CO